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Question - The following is a simplified financial position statement for a company:
Assets
$
Liabilities
Cash
230,000
Accounts payable
1,720,000
Trading securities
330,000
Accrued expenses payable
590,000
Accounts receivable
1,320,000
Taxes payable
150,000
Inventory
2,220,000
Long-term debt
3,850,000
Property
3,350,000
Shareholders' funds
2,340,000
Equipment
450,000
Required - Calculate the liquidity ratio?
The authorised share capital of the Excelsior Machine Co. Ltd. is £250,000 divided into 60,000 5 per cent preference shares of £1 each and 190,000 ordinary.
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Sunland also had 180,000 common shares outstanding during the year. Determine the Sunland's 2020 earnings per share
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Three months have expired since the 12-month insurance. Prepare journal entries to record each of the December transactions and events for Business Solutions.
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