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Yuri [45]
3 years ago
11

The following balance sheet information is provided for Greene Company for Year 2: Assets Cash $ 7,600 Accounts receivable 13,75

0 Inventory 15,800 Prepaid expenses 2,600 Plant and equipment, net of depreciation 20,500 Land 14,400 Total assets $ 74,650 Liabilities and Stockholders' Equity Accounts payable $ 3,390 Salaries payable 7,230 Bonds payable (Due in ten years) 17,000 Common stock, no par 11,500 Retained earnings 35,530 Total liabilities and stockholders' equity $ 74,650 What is the company's quick (acid-test) ratio? (Round your answer to 2 decimal places.)
Business
1 answer:
xeze [42]3 years ago
7 0

Answer:

2

Explanation:

i dont know so stop asking me

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Which of the following statements is CORRECT?
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Answer:

E

Explanation:

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As both A and B have same beta hence they have same expected returns.

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3 0
3 years ago
For each of the following independent events, identify the account that would be debited and the account that would be credited.
My name is Ann [436]

Answer:

A. Received cash by issuing common stock

Debit: Cash

Credit: common stock

B. Received cash for services to be performed in the future.

Debit: Cash

Credit: unearned revenue.

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Debit: salaries payable

Credit: cash

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Debit: accounts receivable

Credit: service revenue

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Debit: operating expenses

Credit: cash

Explanation:

A. Received cash by issuing common stock

Debit: Cash

Credit: common stock

B. Received cash for services to be performed in the future.

Debit: Cash

Credit: unearned revenue.

C. Paid salaries payable

Debit: salaries payable

Credit: cash

D. Provided services on account.

Debit: accounts receivable

Credit: service revenue

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Credit: cash

6 0
3 years ago
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Answer:

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