Answer:
- A. Working capital will remain the same at $18,964,118
- C. Chesters' long-term debt will rise by $9,000,000
- E. Total liabilities will be $139,957,573
Explanation:
You included no balance sheet for Chester so I will answer based on inference.
Option A is most likely correct because Working capital relates to Current Assets less Current liabilities so Plant and Equipment (fixed assets) and bonds (long term liabilities) will not affect it.
Total assets rising to $235,525,291 is also quite possible if the assets were previously $225,525,291 so just check for that but this is most likely correct.
Option C is wrong because the long term debt should rise by $10,000,000 which is the value of the bonds.
Option D is wrong as well as this relates to long term bonds not investment by shareholders.
Total liabilties rising is probably correct if the current figure on the balance sheet is $129,957,573 because that would mean that it increased by $10,000,000 which is the price of the bond.
So just check your given balance sheet for Options C and E for my notes and if correct, they are your answers as well as A.
Answer:
The correct answer is True.
Explanation:
In the context of the audit of financial statements, fraud consists of recording intentional errors in the financial statements. The two main fraud categories are: fraudulent financial reports and asset misappropriation.
Fraudulent financial reports are characterized by containing errors or intentional omissions in the amounts with the intention of deceiving users. Most cases of fraudulent financial reports overestimate assets and income or omit financial liabilities and expenses to show higher income.
Life is while you are living Death is when you are dead
Answer:
The Workmen's Compensation Act, 1923 provides for payment of compensation to workmen (or their dependants) in case of personal injury caused by accident or certain occupational diseases arising out of and in the course of employment and resulting in disablement or death. The Act was last amended in 1976.
Hope this answer is right!
In accumulation to an general intelligence score, the WAIS offers distinct scores for such skills as working memory. The working memory is a system for temporarily storage and management of the information necessary to carry out complex cognitive responsibilities such as knowledge, cognitive and intellectual capacity.