FINANCIAL ACCOUNTING
10th Edition
ISBN: 9781259964947
Author: Libby
Publisher: MCG
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1. Find the Ratio of FIxed Assets to long term liabilities
2. Find the ratio of liabilities to
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- Which of the following will result when a dividend is paid? A debit to dividends payable. A credit to dividends payable. A debit to capital. A credit to capital.arrow_forwardDirections: Fill in the following table using the equation: ∆Cash = - ∆Noncash Assets + ∆Liabilities + ∆Stockholders Equity. Indicate the name of the noncash asset, liability, or equity account affected by the transaction and if change in cash is classified as operating (O), investing (I), financing (F), or noncash (NC). The first line has been completed for you as an exampleItem∆Cash = - ∆Noncash Assets + ∆Liabilities + ∆Stockholders Equity1. Prepaid office rent for cash -O = - + Prepaid Rent + + 2. Sale of land held for cash = - + + 3. Cash payment of taxes payable = - + + 4. Issue preferred stock to investors for cash = - + + 5. Purchase equipment that is financed directly by the seller = - + + 6. Paid cash dividend = - + + 7. Pay notes payable = - + + 8. Pay interest payable = - + +arrow_forwardfind assets, liabilities, and stockholders equityarrow_forward
- How to calculate working capital, current assests, current liabilities, quick assets, quick ratio and current ratio.arrow_forwardIdentify whether the statement are True or False. 1. Insurance companies use replacement value as a basis to determine the appropriate insurance premium to be charged to their clients. * 2. To get book value per share, total liabilities are deducted from total assets, and the resulting figure is divided by total authorized shares * 3. For real properties, it is more important to look at the age of the asset than its size. * 4. Fair Market value is the term used to describe the value derived from the amounts reflected in the financial statements. * 5. Risk identification is important to allow investors to assess the impact of the risk on their investment. * 6. Brownfield investments are easier to evaluate as information is already available from prior years * 7. The book value method is a transparent approach since value can be easily verified by looking at the financial statements * 8. If there are no comparable assets found in the market, it is more appropriate to use the replacement…arrow_forwardWhich among the following is an example of a personal financial statement? Select one: O a. Budgeting b. None of the option c. Insurance O d. Income and Expense Statement O e. Bank Loan Clear my choicearrow_forward
- a) Calculate the equity (total asset – total liability) to asset ratio of the bank (Hint: equity to asset ratio = total equity/total asset) %3D b) Calculate the duration and convexity of the both asset and liability sidesarrow_forward(participation expected < You would find asset, liability, and equity accounts on which of the following statements? OA. Statement of cash flows B. Balance sheet OC. Statement of retained earnings OD. Income statementarrow_forwardPlease help with a, b, and c.arrow_forward
- Which are the Important Issues in Accounting and Financial Disclosure: Equity REITs2arrow_forwardQ: Explain Following Financial terms•:1) Financial Environment2) Financial planning3) Annuity & itstypes4) TVM5) Business Riskarrow_forwardMost of the users of financial statements are concerned about what will happen in the future. Explain the statement with an example?arrow_forward
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