The operating cash flow/current maturities of long-term debt and current notes payable is a ratio that indicates long-term, debt-paying ability
Indicate whether the statement is true or false
F
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Because of its objective nature, historical cost is the attribute used to measure many of the assets recognized on the balance sheet
a. True b. False Indicate whether the statement is true or false
Which of the following is true for services?
A) All services are people-based, while goods are equipment-based. B) Service providers can be both for-profit or nonprofit. C) All service companies follow the same process to deliver their services. D) The client's presence is a hindrance during the service delivery process. E) Service providers develop similar marketing programs for personal services and business services.
On January 1, 20X7, Pisa Company acquired 80 percent of Siena Company by purchasing 40,000 shares of Siena's common stock. There was no differential related to this transaction. The noncontrolling interest had a fair value equal to 20 percent of book value. The book value of Siena on December 31, 20X7 was as follows: Common Stock ($10 par value)$500,000 Retained Earnings 350,000 Total$850,000 On January 1, 20X8, Pisa purchased an additional 12,500 shares directly from Siena for $25 per share.Based on the preceding information, the ending balance in Additional Paid-In Capital would be:
A. $187,500 B. $0 C. $312,500 D. $125,000
Clay Distribution Company has purchased 15 forklifts over the past two years. As it plans to place its next order for another five machines, management wonders if additional features may be needed in order to handle changes in the product lines it carries. For Clay, these new forklifts represent a ____ purchase.
A. new-task B. repetitive C. straight rebuy D. repetitive order E. modified rebuy