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ololo11 [35]
1 year ago
5

To convert a balance sheet into a commonsize balance sheet statement, we restate all the numbers as percentages of ________. a.

total liabilities b. total assets c. total owners' equity d. revenue
Business
1 answer:
k0ka [10]1 year ago
6 0

To convert a balance sheet into a common-size balance sheet statement, we restate all the numbers as percentages of total assets. A common-size financial statement shows line items as a percentage of a selected or normal figure. Creating common-size financial statements makes it easier to analyze a company over time and compare it to its peers. Using common-size financial statements helps you spot trends that a raw financial statement might not reveal.

All three primary financial statements can be laid out in a common-size format. Dollar amount financial statements can easily be converted to common-size financial statements using a spreadsheet. Below is an overview of each financial statement and a more detailed summary of the advantages and disadvantages such analysis can provide you.

Learn more about common-size financial statements:

brainly.com/question/27406789

#SPJ4

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Amanda Jones is a tax practitioner who is representing Sean and Diane Smith before the Wage and Investment Division of the Inter
algol13

Answer:B. Amanda must advise Sean and Dianne promptly of the inaccuracy and the consequences provided by Internal Revenue Code and Regulations.

Explanation:

Sean and Dianne have probably engaged Amanda at the end of the tax year and they are to face implications of the transactions as it relates to tax matters, Amanda is to provide them with legislation in relation to the matter to educate them in future tax transactions.

8 0
3 years ago
On January 2, Novation Corp. replaced its boiler with a more efficient one. The following information was available on that date
grandymaker [24]

Answer:

$136,000

Explanation:

Purchase price of new boiler = $120,000

Carrying amount of old boiler = $10,000

Fair value of old boiler = $4,000

Installation cost of new boiler = $16,000

The selling cost of old boiler = $4,000

Now,

Capitalized cost of the new boiler

= Purchase price of the new boiler + Installation cost the new boiler

= $120,000 + $16,000

= $136,000

3 0
3 years ago
Bedeker, Inc., has an issue of preferred stock outstanding that pays a $6.55 dividend every year in perpetuity. If this issue cu
navik [9.2K]

Answer:

The required rate of return is 7.20%

Explanation:

The price of a share that pays a particular dividend amount in perpetuity is given by the below formula:

price of share=dividend/required rate of return

price of share is $91.00 per share

dividend payable in perpetuity is $6.55

required rate of return is unknown

$91=$6.55/required rate of return

required rate of return =$6.55/$91

                                       =7.20%

to confirm the required of return,I divided the by the required rate of return as shown below:

6.55/0.0.72=$90.97 .approximately $91

That is a way to validate the computed required rate of return

4 0
3 years ago
Two benefits of a cloud-based system are
PSYCHO15rus [73]
The answer is data backup and collaboration.
7 0
3 years ago
For the year, Redder Company has cost of goods manufactured of $600,000, beginning finished goods inventory of $200,000, and end
nevsk [136]

Answer:

finished cost = $200,000

inventory cost=$250,000

manufactured cost= $600,000

cost of good= beginning inventory+purchase during period cost- ending inventory

$600,000+$200,000-$250,000

$550,000

7 0
3 years ago
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