1 | Liabilities of a company are owed to | Creditors | |||||
2 | Stockholder's equity can be described as | ownership claim on total assets. | |||||
3 | Stockholder's equity is often referred to as | Residual Equity | |||||
4 | When assets are distributed to the owners of a corporation,these distributions are termed | Depletion | |||||
5 | Dividend is | a distribution of companies earnings to its shareholders | |||||
6 | Revenues would not result from | Issuance of common stock | |||||
7 | Souces of Increasing shaeholdrs equity | additional investment by owners | |||||
Bo 4 Questions JIWITE. CICLE Ther Answers From#1-7 e Pi Liabilities of a company are owed...
Can you plese help me with my review sorry for posong so many attachments but this is my last answer. Thank you Factors that shape an accounting information system include the a nature of the business. b. size of the firm. c. volume of data to be handled. d. All of these answer choices are correct. LO Bloom KDificuity Easy Min: 2, AACSB: None, AICPA BB None, AICPA FC Raporting AICPA PC None M Management, IFRS: None W The process...
Hi, I wanna know those questions how to solve step by step. I put solutions on the below, but I don't know where those numbers came? Is there any ways to calculate them more easily? Thank you. 89. c [BC1] = $2,053,000 (CV of retired bonds) $2,053,000 – ($2,000,000 × .98) = $93,000. 90. b [BC2] = $4,036,000 (CV of retired bonds) $4,036,000 – ($4,000,000 .96) = $196,000. 91. b $2,850,000 + [($2,850,000 × .06) – ($3,000,000 × .05)] = $2,871,000 (CV of bonds) $2,871,000...
only the final answers plz 1. Which definition below best describes financial accounting? A. Process of measuring income taxes owed to the government. B. System of maintaining communication with a company's customers and suppliers. C. Procedures designed to enhance the company's image to potential investors. D. Measuring business activities and communicating them to external parties. 2. Liabilities can be best described as: A. The amount of expenses over the past year. B. The amount expected to be distributed to stockholders....
The following events occurred for Favata Company: a. Received $17,000 cash from owners and issued stock to them. b. Borrowed $14,000 cash from a bank and signed a note due later this year. C. Bought and received $1,500 of equipment on account. d. Purchased land for $26,000; paid $2,400 in cash and signed a long-term note for $23,600. e. Purchased $10,000 of equipment; paid $2,400 in cash and charged the rest on account. Required: For each of the events (a)...
help pleaas HSA 4170 Exam 2 Study Guide-80 Questions Chapter 4: 1. At ABC company, if assets equal $50,000 and liabilities equal $30,000, what is the total of liabilities and net worth? A) $20,000 B) $50,000 C) $70,000 D) None of these is correct 2. At XYZ corporation, amount? etaned earnings are $10.000 and labases are $25,000, what is the total asset A) $35,000 B) $50,000 C) An unknown figure D) None of these is correct 3. At the General...
Easy Problems 1-6 4-1 DAYS SALES OUTSTANDING $7 300,000. What is its accounts receivable balance? Assume DEBT TO CAPITAL RATIO is $14 per share and it has 5 million shares outstanding, The firm's total capital is $125 million and it finances with only debt and common equity. What is its d DuPONT ANALYSIS ROE of 15%. What is its total assets turnover? what is its equity multiplier? Baker Brothers has a DSO of 40 days, and its annual sales are...
Chapter 1 Homework Submit your answers in CANVAS before it is due When Inputting your answers in CANVAS do not include S signs or commas in your answers. DO NOT include words in your answer unless specifically asked. Use the following information to answer questions 1-10 For each item, determine the type of account (Asset, Liability, Stockholder's Equity, Dividends, Revenue or Expense) and the type of activity Operating Investing or Financing When answering the question, Input ONLY the first letter,...
1. At the start of the current year, Dave Company had a credit balance in the Allowance for Doubtful Accounts of $6,000. At the end of the year, a provision of 2% of sales was made for estimated bad debts. Sales for the year were $2,000,000 and $37,000 of accounts receivable were written off as worthless. No recoveries of accounts previously written off were made dring the year. After the year-end bad debts adjustment, The year-end financial statements should show:...
Problem 8-31 Completing a Master Budget [LO8-2, LO8-4, LO8-7, LO8-8, LO8-9, LO8-10] Hillyard Company, an office supplies specialty store, prepares its master budget on a quarterly basis. The following data have been assembled to assist in preparing the master budget for the first quarter: a. As of December 31 (the end of the prior quarter), the company's general ledger showed the following account balances: $ Cash Accounts receivable Inventory Buildings and equipment (net) Accounts payable Common stock Retained earnings 53,000...
QUESTION 1 Manuela has worked as an accountant in her own accounting business, a sole proprietorship, for more than seven years. Among the services she offers is tax return filing and personal investment advising. Which of the following is true of Manuela’s business? A. Manuela has little control over the management and operations of her business. B. Manuela has unlimited liability. C. Outside funding for the business has been easy for Manuela to obtain. D. Manuela had varied and complicated...