ACC 561 Course Great Wisdom / tutorialrank.com ACC 561 Course Great Wisdom / tutorialrank.com | Page 15

Multiple Choice Question 86
Swifty Corporation has assets of $ 3590000 , common stock of $ 941000 , and retained earnings of $ 600000 . What are the creditors ’ claims on their assets ?
Multiple Choice Question 102
The following information is available for Bradshaw Corporation and Newell Corporation :
( in millions ) Bradshaw Corporation Newell Corporation
2017 2016 2017 2016 Preferred dividends 25 10 0 30 Net income 500 480 490 520
Shares outstanding at the end of the year
200
180
150
200
Shares outstanding at the beginning at the year 180 150 200 220
Based on the information for both Bradshaw and Newell over the two-year period , the earnings per share calculations ( rounded to two decimals ) indicate that
Multiple Choice Question 128
A company with $ 60,000 in current assets and $ 35,000 in current liabilities pays a $ 1,000 current liability . As a result of this transaction , the current ratio and working capital will
Multiple Choice Question 131
Splish Brothers Inc . had a balance in the Accounts Receivable account of $ 766000 at the beginning of the year and a balance of