If assets are $365,000 and equity is $120,000, then liabilities are:
A. $610,000.
B. $245,000.
C. $120,000.
D. $365,000.
E. $485,000.
Answer: B
You might also like to view...
Authority based on a person's expertise has been labeled a "soft" influence tactic, and authority derived from one's position is labeled a "harsh" tactic.
Answer the following statement true (T) or false (F)
A firm's usage rate is 25 units and its lead time is 10 days. Its safety stock requirement is 40 units. Its reorder point is _____ units
a. 250 b. 290 c. 400 d. 425
Weston Company had the following stock investments with insignificant influence in its portfolio at December 31, Year 1. Weston had several investment transactions during year 2.(1) Determine the amount Weston should report on its December 31, Year 1 balance sheet for its stock investments.(2) Determine the amount Weston should report on its December 31, Year 2 balance sheet for its stock investments.(3) Prepare the necessary adjusting entry to record the fair value adjustment at December 31, Year 2.Stock InvestmentsCostFair Value40,000 shares of Beach common stock$ 497,500$ 488,90015,000 shares of Danfield common stock410,200412,60018,000 shares of Cardinal common stock399,600382,500Jan. 22Sold 9,000 shares of Cardinal common stock for $202,150. Nov. 01Purchased 12,000 shares of Cliff
common stock for $223,950. The shares represent a 10% ownership.Dec. 31At December 31, Year 2, the fair values of its investments are: Beach, $502,500; Danfield, $411,800; Cardinal, $203,100; Cliff, $224,750. What will be an ideal response?
Which of the following dividend payment policies represents a compromise between a stable, predictable dividend policy and a constant payout ratio policy?
A. Free cash flow dividend policy B. Residual dividend policy C. Dividend reinvestment policy (DRIP) D. Equity dividend policy E. Low regular dividend plus extras policy