(CMA adapted, Jun 90 #21) Regarding the information for Ramer Company and Matson Company, assume that some of the ratios and data for Ramer and Matson are affected by income taxes. Assuming no interperiod income tax allocation, which of the following items would be directly affected by income taxes for the period?
a. debt-equity ratio and dividend payout ratio
b. current ratio and debt-equity ratio
c. return on investment and earnings per share
d. interest coverage ratio and current ratio
e. none of the above
C
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______ ratios can help an organization to detect if it has obsolete or excessive inventory on hand.
A. Return B. Liquidity C. Debt management D. Asset management E. Activity
On September 1, 2018, Tri-Cities Company borrowed $125,000 by signing a nine-month, 7.2% note payable. Prepare the journal entry to accrue interest expense on December 31, 2018. Omit explanation.
What will be an ideal response?
What are formal and actual parameters?
What will be an ideal response?
The procedure for formal rulemaking provides for ________
A) an agency notice of proposed rulemaking to the public in the Federal Register B) an opportunity for all interested parties to submit written comments to the agency C) a hearing at which experts give their opinions on a rule proposed by the agency D) the appointment of counsel for persons unable to afford representation at the formal hearing