A corporation reported cash of $25,800 and total assets of $455,000 on its balance sheet. Its common-size percent for cash equals:
A. 100.00%.
B. 5.67%.
C. 17.64%.
D. 56.70%.
E. 1764%.
Answer: B
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Interim financial statements report data for a period of more than one year
Indicate whether the statement is true or false
In comparing the isolated store to the unplanned business district and planned shopping center, the major disadvantage of the isolated store is _____
a. high rents b. the absence of flexibility in store operations c. the absence of affinities d. lack of convenience in planning
The mixed strategies used in sales and operations planning for services can be broadly classified into ______ categories.
a. three b. four c. five d. two
On January 30, Juan receives a nontaxable distribution of stock rights from Platinum Corporation. Each right entitles the holder to purchase one share of stock for $40. One right is issued for every share of stock owned. Juan owns 100 shares of stock purchased two years ago for $4,000. At the date of distribution, the rights are worth $1,000 (100 rights at $10 per right) and Juan's stock in Platinum is worth $5,000 (or $50 per share). On December 1, Juan sells all 100 stock rights for $12 per right. How much gain does Juan recognize on the sale?
A. $1,200 B. $533 C. $400 D. $0 E. None of these.