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A company shows common size comparisons for two years on balance sheets. There is almost a two-fold increase in cash and equivalents, a 3% decrease in inventories, a small decrease in net property and equipment, and a large increase in retained earnings.
What does this data indicate about the company?
A. Its financial strength has improved.B. Its financial strength has deteriorated.C. It is failing to maintain its financial strength and should have serious concerns about its net income.D. It is a stable company but it should be concerned about the performance of its assets in relation to income
Calculate the inflation-adjusted principal at the end of the second six months (on December 31, 2011), and the coupon payment to the investor for the second six-month period is the inflation-adjusted principal
If the collection period of a company is 31 days, and average receivables is $70,060, what is the total amount of the credit sales?
A company's income before interest expense and income taxes in 2010 and 2011 is $225,000 and $200,000, respectively. Its interest expense was $45,000 for both years. Calculate the company's times interest earned ratio for both years, and comment o..
If the standards are set in a process that often results in compromise between different parties, do the qualities of accounting information provide much value? How?
If the December 31 inventory is targeted at $41,500, budgeted purchases for the fourth quarter should be:
How should you account for the difference between the carrying value and the purchase price in the consolidated financial statements for 2011?
Based on the information given above, what amount of cost of goods sold did ABC record in 2008?
On January 1, 2010, Lauren Corporation issued $40,000, 9%, ten-year bonds payable at 108. Interest is payable each December 31.
Which is the primary assertion tested in conjunction with the obtaining of evidence regarding impairment? Answer a. Rights. b. Existence. c. Cutoff. d. Valuation.
Frantic Fast food had earnings after taxes of $390,000 in the year 2009 with 300,000 shares outstanding. On January 1, 2010, the firm issued 25,000 new shares. Because of the proceeds from these new shares and other operating improvements, earning..
In each of the following independent situations, determine Winston's filing status for 2012 and why. Winston is NOT married.
From past experience, the company has learned that 20% of a month's sales are collected in the month of sale, another 70% are collected in the month following sale, and the remaining 10% are collected in the second month following sale. Bad debts ..
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