As of December 31, Year 2, Bristol Company had $100,000 of assets, $40,000 of liabilities and $25,000 of retained earnings. What percentage of Bristol's assets were obtained through investors?
A. 25%
B. 40%
C. 60%
D. 35%
Answer: D
You might also like to view...
Nelly Company sold its cattle ranching component on June 30, 2016, for a gain of $1,000,000. From January through June, the component had sustained operating income of $300,000. The income tax rate is 35%. How should Nelly report the income and the sale on its income statement?
A) as $300,000 operating income and a $1,000,000 gain on sale of component B) as a $1,300,000 gain in operating income C) as a net of tax gain of $845,000 after income from continuing operations D) as $195,000 operating income and a $650,000 gain on sale of the component
The type of transaction most suitable for batch processing is
a. airline reservations b. credit authorization c. payroll processing d. adjustments to perpetual inventory
Increasingly, small firms find that they must locate their operations abroad if they are to keep their contracts as suppliers to large companies.
Answer the following statement true (T) or false (F)
Which of the following is considered unethical on a résumé?
A) Misrepresenting a job title to make it sound more important B) Extending employment dates to avoid showing periods of unemployment C) Making your job duties sound more impressive and responsible than they really were D) All answer choices are unethical.