Reference no: EM131265579
1. Which of the following is NOT one of the steps in financial? analysis?
A. Analyzing a? business' operations
B. Understanding a? business' model and strategy
C. Understanding the environment in which a business operates
D. Preparing a? business' financial statements
2. Which of the following stockholder rights is the one that allows a stockholder to participate in the management of a? corporation?
A. Vote
B. Liquidation
C. Preemption
D. Dividends
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Effective-interest method for discount-premium amortization
: Indigo Co. sells $390,000 of 12% bonds on June 1, 2017. The bonds pay interest on December 1 and June 1. The due date of the bonds is June 1, 2021. The bonds yield 10%. On October 1, 2018, Indigo buys back $120,900 worth of bonds for $124,900 (includ..
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Conversation with another vacationer
: While on vacation in July 2016, you had a conversation with another vacationer, Darryl Barnes, whom you had never met. You two were sitting on the beach and somehow the conversation turned into a discussion of a business scenario that involved a busi..
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Transaction involving the exchange of stock for land
: A transaction involving the exchange of stock for land would be classified as? a(n): On the date of? payment:
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Write the general journal entry recording your investments
: Assume you started a business corporation and invested (contributed) the following: Goodman Services Cash $3,500, Supplies $1,200, Store equipment $350. Write the general journal entry recording your investments in the business.
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The steps in financial? analysis
: Which of the following is NOT one of the steps in financial? analysis? Which of the following stockholder rights is the one that allows a stockholder to participate in the management of a? corporation?
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Under the indirect? method-net cash flows from operations
: Green Timber reported net income of $57,000?; depreciation expenses of $11,000?; a gain on a land sale of $1,000?; and a decrease in Accounts Receivable of $500. Under the indirect? method, net Cash Flows from operations? is
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Net income percentage
: Spirit's Signs reported Net Sales of $259,000?, Cost of Goods Sold of $110,500?, Operating Expenses of $63,400?, and Income Tax Expense of 18,500. ?Spirit's net income percentage? was: Round your final answer to two decimal? places, X.XX%.)
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Average common? stockholders equity
: For the current? year, Company A had sales of $350,000?, net income of $250,000 and average common? Stockholders' Equity of $900,000. During the same? year, Company B had sales of $210,000?, net income of $180,000 and average common? Stockholders' Eq..
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Prepare journal entries for initial entry for issuing bond
: A $4,000,000 bond with a 10% interest rate was issued for $4,540,000 with an effective interest rate of 8%. Interest is paid on December 31. Prepare the journal entries for the initial entry for issuing the bond on Jan 1, 2016, the first interest pay..
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