In vertical analysis of the balance sheet, total liabilities are shown as a percentage of the total stockholders' equity
Indicate whether the statement is true or false
F
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The person to whom bailed goods are to be delivered is called the bail:
A) Bailor. B) Warehouser. C) Consignor. D) Bailee.
When a seller keeps the goods for pickup, if the seller is a merchant, the risk of loss passes to a buyer on tender of delivery.
Answer the following statement true (T) or false (F)
Tom Creighton hired Destroy, Inc, a demolition company, to level an old building on a busy downtown lot. Destroy, Inc was given full rein to decide on the amount of explosives needed and the placement of the charges. Security for the site on the day of
the explosion was contracted out to a private security firm. When the appointed day arrived, the building was brought down. However, the building fell in a slightly different direction than that anticipated by Destroy, Inc Numerous pieces of adjoining property, both real and personal, were severely damaged. Creighton claims that the use of an independent contractor such as Destroy, Inc has insulated him from liability. How do you respond to Creighton's claim?
On December 1, 20X8, Winston Corporation acquired 10 deep discount bonds from Linked Corporation at a cost of $400 per bond. Winston classifies them as available-for-sale securities. On this same date, it decides to hedge against a possible decline in the value of the securities by purchasing, at a cost of $250, an at-the-money put option to sell the 10 bonds at $400 per bond. The option expires on February 20, 20X9. Selected information concerning the fair values of the investment and the options follow: December 1, December 31, February 20, 20X8 20X8 20X9Linked Corporation Per Bond: $400 ? ? Put Option (100 shares) Market Value $250 $400 $400 Intrinsic Value 0 ? 400 Time
Value $250 $100 ? Assume that Winston exercises the put option and sells Linked bonds on February 20, 20X9.Based on the preceding information, what is the market price of Linked Corporation bonds on February 20, 20X9? A. $360 B. $400 C. $350 D. $370