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3 years ago

Choose all that apply. Reliable financial information includes _____.

1 answer:

6 0

Hello,

Here is your answer:

The proper answers to your question is options A,B, and D (information from experts in the field, information from recognized and reputable organizations, and <span>information that can be verified by other sources!

Your answers are A, B, and C!

If you need anymore help feel free to ask me!

Hope this helps!</span>

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Crane Corporation has 2,000 shares of stock outstanding. It redeems 500 shares for $370,000 when it has paid-in capital of $300,

Lera25 [3.4K]

Answer:

E&P $1,200,000 × 25%= $300,000 reduction

Crane Corporation would reduce its E & P in the amount of $300,000 as a result of the redemption.

This represents a 25% decrease in the amount of the E & P corresponding to the 25% stock redemption.

When a stock redemption results in sale or exchange treatment for the shareholder, the E & P account of a corporation is reduced in an amount not in excess of the ratable share of the E & P of the distributing corporation attributable to the stock redeemed.

As such, none of the expense of $13,000 of accounting and legal fees or other is deductible.

4 0

3 years ago

If a policyowner unintentionally pays premiums in excess of the MEC guidelines, the excess premium can be refunded by the insure

dangina [55]

Answer:

End of the contract year.

Explanation:

Calendar year deductibles (and refunds) operate on a regular calendar year basis, starting on January 1st and ending on December 31st. Generally refunds should be made during January and February of the next year.

If the policy works on a plan year basis, both the deductibles and the refunds will be based on the renewal date of the policy, and not the calendar year basis.

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4 years ago

Exhibit 15.1 Zorn Corporation is deciding whether to pursue a restricted or relaxed working capital investment policy. The firm'

FrozenT [24]

Answer:

difference between ROEs = 10.83% (restricted) - 9% (relaxed) = 1.83%

Explanation:

total annual sales = $4,400,000

EBIT = $150,000

net income = $150,000 x (1 - 40%) = $90,000

restricted policy:

asset turnover = 2.5

sales = $3,740,000

EBIT = $135,000

net income = $81,000

assets = $3,740,000 / 2.5 = $1,496,000

equity = $1,496,000 x 50% = $748,000

ROE = $81,000 / $748,000 = 10.83%

relaxed policy:

asset turnover = 2.2

sales = $4,400,000

EBIT = $150,000

net income = $90,000

assets = $4,400,000 / 2.2 = $2,000,000

equity = $2,000,000 x 50% = $1,000,000

ROE = $90,000 / $1,000,000 = 9%

difference between ROEs = 10.83% - 9% = 1.83%

4 0

4 years ago

What is true in a market structure characterized by monopolistic competition?

nataly862011 [7]

Answer:

C)Many firms operate in the market and produce similar, but differentiated products.

Explanation:

A monopolistic market structure has many firms competing for the same customers. Although the firms sell similar products, each tries to make their products different from the rest. Each firm can set its price because the products are differentiated. Other characteristics of monopolistic competition include

Freedom of entry and exit.
There many sellers and buyers
Each firm sets its product price

8 0

3 years ago

The gross profit must cover these types of costs: (complete all answer boxes.)

IRINA_888 [86]

I need the boxes in order to help.

3 0

4 years ago