Answer:
C
Explanation:
If Long-term debt to total assets ratio = 0.30 and total liability = $45000 and total assets =
$120000. The Long-term debt equalj
Answer:
Value of preferred stock will be $140
Explanation:
We have given par value of preferred stock = $100
Dividend rate = 14 %
Discount rate on preferred stock = 12%
Preferred stock dividend
We have to find the value of preferred stock
Value of preferred stock
So value of preferred stock will be $140
Answer:
- $88,000 gain in dollars
- €0 gain (loss) in Euros
Explanation:
Last year, the value of the inventory in dollars was;
= 440,000 * 1.12
= $492,800
This year with the new exchange rate this value has gone to;
= 440,000 * 1.32
= $580,800
The Gain (loss) in dollars is;
= Current value - Last year value
= 580,800 - 492,800
= $88,000
The value of the Euro both last year and this year is still €440,000 so the change is gain is €0.
Answer:
The answer is b) generally accepted accounting principles
Explanation:
GAAP implies a series of procedures, principles and procedures that companies and their contacts must follow when they write the financial statements. Consult both the rules imposed by regulators, and the accepted principles for transmitting accounting information. The main objective of the GAAP is to establish a basis in the transmission of accounting information, so that it can be interpreted by all. The GAAP principles are mainly used in the United States, since in Europe the regulators affected another set of standards, such as IFRS (International Financial Reporting Standards).
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