How would given affect a company assets or equity

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Question 1: If a company were to remove purchased goodwill from balance sheet....would it impact assets, liability, or equity? If so, how does it impact it and why. (example: decrease, increase, or NE).

Question 2: If a company were to add pension plan assets to the balance sheet, would it impact assets, liability, or equity? If so, how does it impact it and and why. (example: decrease, increase, or NE).

Question 3: Recognizing Off-Balance Sheet transactions. Example, a company is contingently liable for guarantees of indebtedness owed by some of its licenses and others, totaling approximately $133 million. How would this affect a company's assets, liability, or equity?

Question 4: If a company were to add back LIFO RESERVE TO INVENTORY......how would it affect assets (asset turnover), liability (debt ratio), equity ratios?

Question 5: How would the recognition of market value have an effect on assets, liability, or equity?

Reference no: EM132745666

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