Reference no: EM132832237

Question 1: Harrison Company owns 20,000 of the 50,000 outstanding shares of Taylor, Inc. common stock. During 2015, Taylor earns $1,200,000 and pays cash dividends of $1,000,000. If the beginning balance in the investment account was $625,000. the balance at December 31, 2015, should be

Question 2: What does having negative working capital mean?

Question 3: If cash collected from customers is not yet recorded as revenue, what happens to it?

Question 4: What's the difference between deferred revenue and accounts receivable?

Question 5: When do you capitalize rather than expense a purchase?

Question 6: Under what circumstances does goodwill increase?

Question 7: How do you record PPE and why is this important?

Question 8: How does an inventory write-down affect the three statements?

Question 9: What is convertibles

Question 10: liquidity dividends