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Problem 1: A compensating balance
a. is part of "cash" account
b. which is legally restricted and related to a long-term loan is shown as non-current assets
c. which is legally restricted and related to a short-term loan is shown separately as current assets
d. all of the above
Problem 2: A withdrew from his current bank account the sum of P20,000 and exchanged it for the bank's certified check in payment of obligation. In the preparation of the bank reconciliation of A, the outstanding certified check of P20,000 should be:
a. included among the outstanding checks
b. included among the deposits in transit
c. ignored
d. answer not given
Twice Shy Industries has a debt-equity ratio of 1.4. Its WACC is 9.4 percent, and its cost of debt is 6.7 percent. The corporate tax rate is 35 percent.
Which two systems on which Accounting based. Name and explain them. What is the difference between 'Expense' and 'Expenditure'?
problem 1-nbsp you must use an excel spreadsheet for your answer.axion corporationbalance sheetdecember 31
Klean Fiber Company is the creator of Y-Go, a technology that weaves silver into its fabrics to kill bacteria and odor on clothing while managing heat. Y-Go has become very popular in undergarments for sports activities.
Illustrate what is the total dividend that will be paid for Preferred stock? If the Preferred stock listing stated $3 instead of 3% would that change the total dividend amount? Why?
Using the FDIC website, access a UBPR for U.S. bank. Also, access the summary of deposits for their MSA, county and/or state (Illinois) to get an idea of where the bank sits in comparison to the local competition. Is this bank performing well compare..
During the year, Davis Company acquired $1,000,000 of equipment to start a new product line. $500,000 of equipment was purchased for cash. $300,000 of equipment was acquired for a $30,000 downpayment with the balanced financed over 3 years.
The executor sold the stock two months after the decedent’s death for $2,200,000. The bonds were sold seven months after the decedent’s death for $4,630,000. What valuation should be used for the gross estate?
King Company owns a 90 percent interest in the outstanding voting shares of Pawn Company. No excess fair-value amortization resulted from the acquisition. Pawn reports a net income of $110,000 for the current year. Intra-entity sales occur at regu..
finding unit product cost for the month.jamil company which has only one product has provided the following data
Description and discuss the importance and the role of the related notes to the financial statements included in a financial statements and suitable example
Which would not be defined as a liability under the Conceptual Framework? Money owing to a supplier for goods purchased. / Wages owing to employees.
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