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Companies A and B are identical in all aspects with same earnings of $ 1000 each, their total assets worth $ 5000 each, but differ only in their capital structure. A is financed 30% by debt and 70% by equity. B is financed 10% debt and 90% equity. The debt of both companies is 10%.
Problem a. Jon owns 1% common stock (equity) of A. How can he use homemade leverage using B to replicate his current earnings in A?
Problem b. If Jon owned 2% common stock of B, how can he use homemade leverage using A to replicate his earnings in B?
Explain key business functions of revenue transactions. For each key function, provide at least two examples of internal controls.
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Identify and discuss the arguments presented by Chwastiak (1999) in her critique of the assumptions of positive accounting theory, and in her vision for a more transformative role of accounting.
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It reacquired 2,000 of these ordinary shares in the market and held them in the treasury. Determine the number of ordinary shares outstanding
termination is when a client leaves an institution for some reason or loses eligibility to receive social services
Describes the line of credit? A line of credit is an agreement between a bank and a firm that will allow a firm to cover cash shortages.
Which of the following is true about earnings per share? diluted earnings per share shows shareholders the potential reduction in earnings per share
Big Co. owns 60% of the stock of Little Co. On 1/1/22, Little Co sells land to Big Co for $50,000. What is the income to the NC Interest in 2023?
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