Which of the following generally indicates a positive change?
a. Earnings per share decreases
b. The debt service coverage decreases
c. The acid-test ratio decreases
d. The number of days' sales in inventory decreases
d
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Susqua, Inc. has held-to-maturity debt securities it purchased in 2018. At December 31, 2019, Susqua, Inc. reported a $120,000 impairment loss related to these securities. During 2020, the debtor was successful in registering a new patent which improved the debtor's operating outlook. This change of events resulted in a reversal of $45,000 of the impairment loss. At December 31, 2020, the fair value of the debt securities had increased by $68,000 over the impaired value previously recorded. Susqua, Inc. uses IFRS for its external reporting. How much, if any, of this reversal can Susqua, Inc. report in its income for 2020?
A. $120,000. B. $68,000. C. $45,000. D. $ - 0 -
Locking petty cash in a safe is an example of __________________________
Fill in the blank(s) with correct word
Which of these companies does NOT have a major online retail presence?
A. Amazon B. eBay C. Marlboro cigarettes D. Walmart
Businesses are required to use Modified Accelerated Cost Recovery System (MACRS) for tax purposes
Indicate whether the statement is true or false