Pass-through entities include all of the following types of entities except
A. S corporations.
B. partnerships.
C. C corporations.
D. limited liability companies (LLCs).
Answer: C
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Common shares outstanding are increased as a result of a stock dividend or stock split. For purposes of calculating the earnings per share, when is the stock dividend or stock split considered to have occurred?
A) at the beginning of the earliest comparative period for which earnings per share information is presented B) at the end of the earliest comparative period for which earnings per share information is presented C) at the beginning of the year declared D) as of the date of declaration
Explain how Monte Carlo simulation uses random numbers
What will be an ideal response?
Which of the following statements is CORRECT?
A. If one firm has a higher total debt to total capital ratio than another, we can be certain that the firm with the higher total debt to total capital ratio will have the lower TIE ratio, as that ratio depends entirely on the amount of debt a firm uses. B. A firm's use of debt will have no effect on its profit margin. C. If two firms differ only in their use of debt-i.e., they have identical assets, identical total invested capital, sales, operating costs, interest rates on their debt, and tax rates-but one firm has a higher total debt to total capital ratio, then the firm that uses more debt will have a lower profit margin on sales and a lower return on assets. D. The total debt to total capital ratio as it is generally calculated makes an adjustment for the use of assets leased under operating leases, so the debt ratios of firms that lease different percentages of their assets are still comparable. E. If two firms differ only in their use of debt-i.e., they have identical assets, identical total invested capital, operating costs, and tax rates-but one firm has a higher total debt to total capital ratio, then the firm that uses more debt will have a higher operating margin and return on assets.
Golden Enterprises started the year with the following: Assets $50,000; Liabilities $15,000; Common Stock $30,000; Retained Earnings $5,000. During the year, the company earned revenue of $2,500, all of which was received in cash, and incurred expenses of $1,500, all of which were unpaid as of the end of the year. In addition, the company paid dividends of $500 to owners. Assume no other activities occurred during the year.The amount of Golden's assets at the end of the year is:
A. $54,000. B. $52,500. C. $52,000. D. $53,500.