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As revenues are restated downward, the risk increases hence Credit Default SWAP pricing would increase
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QUESTION 3 ABC Corp announces that Revenues are being restated downward for the prior year and...
QUESTIONS What is the relationship between bond credit spreads and rating levels? Spreads increase as rating levels...
QUESTIONS What is the relationship between bond credit spreads and rating levels? Spreads increase as rating levels improve (going from CCC to MMA). Spreads decrease as rating levels improve (going from CCC to AAA) The relationship has no pattern d. There is no relationship QUESTION 6 The government of Venezuela announces that its GDP is declining, devalues its currency, and increases currency controls. You have also read reports about civil unrest after a recent election. What do you expect the...
Question 3 2 pts Bramble Corp. started the year with total assets of $318.000 and total...
Question 3 2 pts Bramble Corp. started the year with total assets of $318.000 and total liabilities of $258,000. During the year the business recorded $634,000 in revenues. $327,000 in expenses, and dividends of $62,000. The net income reported by Bramble Corp. for the year was 5187.000 $577,000. $245,000 $307,000 Question 2 2 pts If total assets increased by $51,000 and stockholders' equity decreased by $11,000 during a period of time, then total liabilities must change by what amount and...
Question 6. If the demand for milk is downward sloping, then what is the impact of...
Question 6. If the demand for milk is downward sloping, then what is the impact of an increase in the price of milk on demand or supply of milk? Select one: a. decrease in the quantity of milk demanded. b. decrease in the supply of milk. c. increase in the quantity of milk demanded. d. decrease in the demand for milk. e. increase in the demand for milk. Question 7. If the equilibrium price of wheat is $3 per bushel...
Question 6 (10 points) Suppose that the demand decreased for 4K TVs and, at the same...
Question 6 (10 points) Suppose that the demand decreased for 4K TVs and, at the same time, the supply of 4K TVs increased. What would happen in the market of 4K TVs? Equilibrium price would decrease, but the impact on the equilibrium quantity would be ambiguous Equilibrium price would increase, but the impact on the equilibrium quantity would be ambiguous Equilibrium quantity would decrease, but the impact on equilibrium price would be ambiguous Equilibrium quantity would increase, but the impact...
Exercise 20-10 Webb Corp. sponsors a defined benefit pension plan for its employees. On January 1,...
Exercise 20-10 Webb Corp. sponsors a defined benefit pension plan for its employees. On January 1, 2017, the following balances relate to this plan. Plan assets Projected benefit obligation Pension asset/liability Accumulated OCI (PSC) $480,000 600,000 120,00D 100,000 Dr As a result of the operation of the plan during 2017, the following additional data are provided by the actuary. Service cost Settlement rate, 9% Actual return on plan assets Amortization of prior service cost Expected return on plan assets Unexpected...
ABC Company is preparing its 2018 financial statements. Income from Continuing Operations (ICO) for 2018 was determined...
ABC Company is preparing its 2018 financial statements. Income from Continuing Operations (ICO) for 2018 was determined to be $1,800,000, but upon further review, ABC's accountant is not certain this number is accurate. ABC has a corporate tax rate of 30%. Additionally, the company reports one year of financial data on the face of the financial statements. Use the following information to determine the adjustments, if any, to correctly report Income From Continuing Operations. 1. During 2018, ABC experienced a labor...
Question 2 To measure how long it takes customers to pay their balances we would look...
Question 2 To measure how long it takes customers to pay their balances we would look at the Question 2 options: a) Inventory turnover ratio b) Current ratio c) Average collection period d) Receivables turnover Question 3 A company with a decreasing interest expense would see what change to its times interest earned? Question 3 options: a) An increase b) A decrease c) No change d) Cannot be determined Question 4 As...
What is the correct answer? Question 3 Blue Spruce Corp. erected and placed into service an...
What is the correct answer?
Question 3 Blue Spruce Corp. erected and placed into service an offshore oil platform on January 1, 2020, at a cost of $9 million. Blue Spruce is legally required to dismantle and remove the platform at the end of its 9 year useful life. Blue Spruce estimates that it will cost $0.9 million to dismantle and remove the platform at the end of its useful life and that the discount rate to use should be...
Question 1 Other things remain unchanged, the market demand curve for a particular...
Question 1 Other things remain unchanged, the market demand curve for a particular expected to shift leftwards when the price of that product declines. . True False Question 2 Other things remain equal, which of the following factors causes the market supply curve of Blue-ray players to shift leftwards? The costs of producing a single Blue-ray player increases. The number of firms selling Blue-ray players increases. The sellers are expecting the price of Blue-ray players to decline in the soon future. Non of the above factors causes the...
* Question 3 Martinez Inc. reported income from continuing operations before tax of $2,058,500 during 2020....
* Question 3 Martinez Inc. reported income from continuing operations before tax of $2,058,500 during 2020. Additional transactions occurring in 2020 but not included in the $2,058,500 were as follows: 1. The corporation experienced an insured flood loss of $92,000 during the year. 2. At the beginning of 2018, the corporation purchased a machine for $67,200 (residual value of $15,600) that has a useful life of six years. The bookkeeper used straight-line depreciation for 2018, 2019, and 2020, but failed...
QUESTIONS What is the relationship between bond credit spreads and rating levels? Spreads increase as rating levels improve (going from CCC to MMA). Spreads decrease as rating levels improve (going from CCC to AAA) The relationship has no pattern d. There is no relationship QUESTION 6 The government of Venezuela announces that its GDP is declining, devalues its currency, and increases currency controls. You have also read reports about civil unrest after a recent election. What do you expect the...
Question 3 2 pts Bramble Corp. started the year with total assets of $318.000 and total liabilities of $258,000. During the year the business recorded $634,000 in revenues. $327,000 in expenses, and dividends of $62,000. The net income reported by Bramble Corp. for the year was 5187.000 $577,000. $245,000 $307,000 Question 2 2 pts If total assets increased by $51,000 and stockholders' equity decreased by $11,000 during a period of time, then total liabilities must change by what amount and...
Question 6 (10 points) Suppose that the demand decreased for 4K TVs and, at the same time, the supply of 4K TVs increased. What would happen in the market of 4K TVs? Equilibrium price would decrease, but the impact on the equilibrium quantity would be ambiguous Equilibrium price would increase, but the impact on the equilibrium quantity would be ambiguous Equilibrium quantity would decrease, but the impact on equilibrium price would be ambiguous Equilibrium quantity would increase, but the impact...
Exercise 20-10 Webb Corp. sponsors a defined benefit pension plan for its employees. On January 1, 2017, the following balances relate to this plan. Plan assets Projected benefit obligation Pension asset/liability Accumulated OCI (PSC) $480,000 600,000 120,00D 100,000 Dr As a result of the operation of the plan during 2017, the following additional data are provided by the actuary. Service cost Settlement rate, 9% Actual return on plan assets Amortization of prior service cost Expected return on plan assets Unexpected...
What is the correct answer?
Question 3 Blue Spruce Corp. erected and placed into service an offshore oil platform on January 1, 2020, at a cost of $9 million. Blue Spruce is legally required to dismantle and remove the platform at the end of its 9 year useful life. Blue Spruce estimates that it will cost $0.9 million to dismantle and remove the platform at the end of its useful life and that the discount rate to use should be...
* Question 3 Martinez Inc. reported income from continuing operations before tax of $2,058,500 during 2020. Additional transactions occurring in 2020 but not included in the $2,058,500 were as follows: 1. The corporation experienced an insured flood loss of $92,000 during the year. 2. At the beginning of 2018, the corporation purchased a machine for $67,200 (residual value of $15,600) that has a useful life of six years. The bookkeeper used straight-line depreciation for 2018, 2019, and 2020, but failed...
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