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Question - Real estate purchases are often financed with at least 80% debt. Most? corporations, however, have less than 50% debt financing. Assuming that firms decide their capital structure by considering the tradeoff between the tax benefits of debt and the costs of financial distress, which of the following provides the most plausible explanation for this empirical observation?
a. The financial distress costs of corporations are low because corporate assets are easy to? liquidate, whereas real estate assets are difficult to resell.
b. The tax savings from debt are likely to be much lower for real estate transactions than for corporations.
c. Real estate assets can generally be easily resold at their full market? value, whereas corporations typically face much higher distress costs.
Explain how Magrath should account for and report the accounts receivable factored on April 3, 2007 and why is this accounting treatment appropriate?
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Harry is a local trader who operates his petty cash on the imprest system. Write up and balance the Petty Cash Book for the month of April 2016. Bring down the balance of cash-in-hand at 1 May 2016 and restore the imprest. The last voucher number u..
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Hermann Enterprises reported the following information at December 31: Preferred Stock, $5 par, 10,000 shares authorized $35,500 Additional paid-in capital – preferred stock 9,900 Common stock, $1par, 6,000 shares authorized 3,600 Additional paid-in ..
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