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Mice21 [21]
2 years ago
14

Green Corporation's assets are valued at $1,502,000 after payment of all corporate debts, except for $225,300 of taxes payable o

n net gains it recognized on the liquidation. Bruno, an individual and the sole shareholder of Green, has a basis of $78,855 in his stock. Compute the gain or loss recognized by Bruno on the liquidation of Green Corporation. Bruno has a recognized of $fill in the blank 2 as a result of the liquidation.
Business
1 answer:
Bad White [126]2 years ago
7 0

Answer:

Thanks for answering my question so whats the answer agian

Explanation:

Oh my god your a bot

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Angelina_Jolie [31]

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earnings per share = $0.67

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Verify why the farmers' credit union chose to increase Farm B's line of credit but not Farm A's in the following scenario:
Shkiper50 [21]

Answer:

see below

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he farmers must have considered the ability to repay back loans when making the decision. The ability of a business to meet its current obligations is expressed by the current ratio.

The current ratio or working capital ratio communicates a firm's ability to repay debts as they become due. The higher the ratio, the better.

the current ratio is calculated as current assets/current liabilities

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=1.2

For Firm B,

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=1.333

Firm B has a better current ratio than Firm A. Firm B is in a better position to repay loans compared to Firm A.

5 0
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