Q47. Example I-B Using the information presented below, calculate the liquidity and solvency ratios. [Financial information] Cash = $120,000 Accounts receivable = $260,000 Inventory =
Q46. Example I-A Using the information presented below, calculate the profitability and activity ratios. [Financial information] Cash = $120,000 Accounts receivable = $260,000 Inventory =
Q45. Cash dividend (1) On January 10, 20×1, Entity A declared a $1.50 per share cash dividend on 500,000 shares of common stock. (2) On
Q44. Common stock Entity A issued 20,000 shares of common stock at $14 per share. The par value of common stock is $1 per share.
Q43. Borrowings Entity A borrowed $20,000 from a bank and received the full amount in cash. The loan is due in 6 months. Prepare a
Q42. Sale of noncurrent assets Entity A sold equipment with the following information. (a) Cost of equipment = $200,000 (b) Accumulated depreciation = $180,000 (c)