Stock investments |
80,000 |
Land |
95,000 |
Buildings |
$ 100,000 |
Common stock |
$ 120,000 |
Less: Accumulated |
Retained earnings |
250,000 depreciation |
( 30,000) |
85,000 |
Total stockholders‘ e |
quity |
$ 370,000 |
Trademarks |
70,000 |
Total liabilities an |
d Total assets |
$ 535,000 |
stockholders‘ equ |
ity |
$ 535 |
· Question 25 Which of the following is the least likely consideration that manageme nt uses when deciding whether to pay a dividend?
ACC 556- Midterm part 2
· Question 1 Which of these would cause the inventory turnover ratio to increase th e most?
· Question 2 Bad Debt Expense is considered
· Question 3 A trial balance proves
· Question 4 Fehr Company sells merchandise on account for $ 5,000 to Kelly Comp any with credit terms of 2 / 10, n / 30. Kelly Company returns $ 1,000 of merchandise that was damaged, along with a check to settle the accou nt within the discount period. What is the amount of the check?