_____ is reported on the financial statements of publicly heldcompanies in the United States. a. The

_____ is reported on the financial statements of publicly heldcompanies in the United States.
a.     The current ratio
b.     Earnings per share
c.     Theprice-earnings ratio
d.     All of these answers arecorrect QUESTION TITLE :- is reported on the financial statements

 

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Dave Ryan is the owner and operator of Ryan s Arcade. Ryan s $450,000 and liabilities of $125,000 at 1 answer below »

Dave Ryan is the owner and operator of Ryan s Arcade. Ryan s $450,000 and liabilities of $125,000 at the year ended 31st Dec. using the accounting equation, determine the following amounts: (a). Owner s equity as of December 31 of the current year (b). Owner s equity as of December 31 at the end of the next year, assuming that assets increased by $65,000 and liabilities increased by $35,000 during the year.

 

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The key-entry operator keyed in the purchase order number as a nine-digit number instead of an…

Identify one or more control procedures (either general or application controls, or both) that would guard against each of the following errors or problems.

a. A bank deposit transaction was accidentally coded with a withdrawal code.

b. The key-entry operator keyed in the purchase order number as a nine-digit number instead of an eight-digit number.

c. The date of a customer payment was keyed 2001 instead of 2010.

d. A company employee was issued a check in the amount of $135.65 because he had not worked a certain week, but most of his payroll deductions were automatic each week.

e. A patient filled out her medical insurance number as 123465 instead of 123456.

f. An applicant for the company stock option plan filled out her employee number as 84-7634-21. The first two digits are a department code. There is no department 84.

g. A high school student was able to log onto the telephone company’s computer as soon as he learned what telephone number to call.

h. The accounts receivable department sent 87 checks to the computer center for processing. No one realized that one checkwas dropped along theway and that the computer therefore processed only 86 checks.

 

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At December 31, 2014, Giselle Company made an accrued expense adjusting entry of $1,700 for…

At December 31, 2014, Giselle Company made an accrued expense adjusting entry of $1,700 for salaries. On January 4, 2015, it paid salaries of $3,000: $1,700 for December salaries and $1,300 for January salaries. (a) Prepare the December 31 adjusting entry. (b) Prepare the December 31 closing entry for salaries. (c) Prepare the January 1 reversing entry and the January 4 journal entry to record the payment of salaries. (d) Indicate the balances in Salaries Payable and Salaries Expense aft er posting these entries.

 

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cost of rental equipment is $486,902, accum. amortization is $418,713, net book value for 2006 is $

cost of rental equipment is $486,902, accum. amortization is $418,713, net book value for 2006 is $68,169 and 2005 is $74,018. Amortization of rental equipment for the year amounted to $22,205 (2005 – $14,379). i need to calculate the cost for year 2007, the accum. amort. for 2007 and net book value for 2007. The declining balance rate is 30%. Any additions to rental equipment in the current year are amortized at one-half of the above rates.

 

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Round Grove Alarm Company provides security services to homes in 1 answer below »

Round Grove Alarm Company provides security services to homes in northwestern Indiana. At year-end 2009, after adjusting entries have been made, the following list of account balances is prepared:
Accounts Receivable ……………………………………..$ 37,000
Accounts Payable ………………………………………… 23,000
Accumulated Depreciation, Equipment ………………….. 124,000
Common Stock …………………………………………… 150,000
Depreciation Expense, Equipment ……………………….. 42,000
Dividends ………………………………………………… 6,000
Equipment ……………………………………………….. 409,500
Income Tax Expense …………………………………….. 24,300
Income Taxes Payable …………………………………… 24,300
Interest Expense …………………………………………. 4,800
Notes Payable (due in 2012) …………………………….. 34,000
Other Assets ……………………………………………… 7,700
Prepaid Rent …………………………………………….. 5,000
Rent Expense ……………………………………………. 30,000
Retained Earnings, 12/31/2008 …………………………. 29,400
Salaries Payable …………………………………………. 12,600
Salaries Expense ………………………………………… $144,000
Service Revenue ………………………………………… 605,500
Supplies Expense ………………………………………… 51,900
Supplies Inventory ………………………………………. 12,700
Utilities Expense ………………………………………… 48,800
Wages Expense …………………………………………. 186,500
Wages Payable ………………………………………….. 7,400

Required:
1. Prepare closing entries for Round Grove Alarm Company.
2. Prepare an income statement for Round Grove Alarm Company.

 

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Riley Company paid $60,000 cash to purchase land from Smally Company in 2018. Smally originally paid

Riley Company paid $60,000 cash to purchase land from Smally Company in 2018. Smally originally paid $60,000 for the land. Required a. Was this event an asset source, use, or exchange transaction for Riley Company? b. Was this event an asset source, use, or exchange transaction for Smally Company? c. Was the cash flow an operating, investing, or financing activity on Riley Company s 2018 statement of cash flows? d. Was the cash flow an operating, investing, or financing activity on Smally Company s 2018 statement of cash flows?

 

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MC Qu. 12 (LO10-3) At the beginning of 20X1, a company issues… At the beginning of 20X1, a company

MC Qu. 12 (LO10-3) At the beginning of 20X1, a company issues…

At the beginning of 20X1, a company issues 100,000 shares of 4%, $10 par value, cumulative preferred stock. All remaining shares outstanding are common stock. The company does not pay any dividends in 20X1, but pays dividends of $100,000 at the end of 20X2. How much of the dividend will be paid to common stockholders in 20X2?

 

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On January 1, 2015, Boston Enterprises issues bonds that have a $3,400,000 par value, mature in 2…

On January 1, 2015, Boston Enterprises issues bonds that have a $3,400,000 par value, mature in 20 years, and pay 9% interest semiannually on June 30 and December 31. The bonds are sold at par.

a.) How much interest will Boston pay (in cash) to the bondholders every six months

b.)Prepare journal entries to record the issuance of bonds on January 1, 2015; the first interest payment on June 30, 2015; and the second interest payment on December 31, 2015

c.)Prepare the journal entry for issuance assuming the bonds are issued at 98 and 102.

 

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Which method of cost data analysis is generally considered the most accurate? Select one: A. Scatter

Which method of cost data analysis is generally considered the most accurate?

Select one:

A. Scattergraph method

B. High-low method

C. Least-squares regression method

D. All of the above

E. None of the above

 

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