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The current balance sheet of Apex reports total assets of $20 million, total liabilities of $2 million, and owners' equity of $18 million. Apex is considering several financing possibilities in order to expand operations. Each question based on this data is independent of any others.What will be the effect on Apex's debt ratio if Apex's owner invests an additional $2 million to finance its expansion?
The owner has asked that you do not make the adjusting entry to take the current portion from the long-term liabilities. You know if you make the adjusting entry Biker's Business' loan will need to be repaid immediately (or the loan called). What ..
Prepare all journal entries to record the preceding information. How the accounts related to BBB's factoring and assignment agreements be reported on BBB's year end financial statements
The JOhn Company purchased a machine on Nov 1, 2002, for 148,000. At the time of acquistion, the machine was estimated to have a useful life of ten years and an estimated salvage value of $4,000. JOhn has recorded monthly depreciation usiing the s..
the following are monthly totals taken from the log of laser printer used by the hardcopy printing international. cost
tom zuluaga company placed an asset in service on january 2 2012. its cost was 1350000 with an estimated service life
the trial balance of maritime company included the following account balances cash 25000 short-term investments 10000
inventories $4200,000 total $14000,000 current ratio 2.25 acid-test ratio 1.2 debt to equity ratio 1.8
prepare journal entries to record (a) the copier's sale; (B) the adjustment on December 31,2011, to recognize the warranty expense; and (c)the repairs that occur in November 2012.
Ratzlaff Company issues $2.2 million, 10-year, 8% bonds at 97, with interest payable on July 1 and January 1. Prepare the journal entry to record the sale of these bonds on January 1, 2008
What is the difference in the percentage of the firm's pre-tax income that investors actually receive and can spend under the corporate and partnership forms of organization?
dsl company has two manufacturing departments - the machining department and the assembly department. each department
Good Co. had a net loss of $75,000 from merchandising operations in 2007. Jane owns Good Co. and works 20 hours a week in the business.
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