Eagle Company used $50,000,000 of its cash to pay off debt, as a result, Eagle's stockholders' equity will decrease $50,000,000.
Answer the following statement true (T) or false (F)
False
Assets and liabilities would each decrease by $50,000,000; there is no impact on stockholders' equity.
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While some food preferences remain deeply embedded in culture, there is plenty of evidence that global dietary preferences are converging. Examples of such a change can be predicted from the:
A) popularity of Domino's Pizza in Italy. B) preference for local hamburgers from a local chain, Jollibee's, in the Philippines. C) growing number of McDonald's restaurants globally. D) increased sales of soups and noodles in Thailand. E) popularity of Chinese foods in Taiwan.
Special journals are used to divide accounting tasks, minimize errors, and to keep up-to-date records of customers and suppliers
Indicate whether the statement is true or false
When a withdrawing partner withdraws assets less than his or her capital balance, the excess is treated as a bonus to the remaining partners
Indicate whether the statement is true or false
Jia Hua Enterprises wants to issue sixty 20-year, $1,000 par value, zero-coupon bonds. If each bond is priced to yield 7 percent, how much will Jia Hua receive (ignoring issuance costs) when the bonds are first sold?
A) $11,212 B) $12,393 C) $15,505 D) $18,880