financial statements4

financial statements4 - Balance sheet i . Answer: a The The...

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Balance sheet Answer: a Diff: E N i . All else equal, which of the following actions will increase the amount of cash on a company’s balance sheet? a. The company issues new common stock. b. The company repurchases common stock. c. The company pays a dividend. d. The company purchases a new piece of equipment. e. All of the statements above are correct. Balance sheet Answer: b Diff: E N ii . Below are the 2001 and 2002 year-end balance sheets for Kewell Boomerangs: Assets: 2002 2001 Cash $ 100,000 $ 85,000 Accounts receivable 432,000 350,000 Inventories 1,000,000 700,000 Total current assets $1,532,000 $1,135,000 Net fixed assets 3,000,000 2,800,000 Total assets $4,532,000 $3,935,000 Liabilities and equity: Accounts payable $ 700,000 $ 545,000 Notes payable 800,000 900,000 Total current liabilities $1,500,000 $1,445,000 Long-term debt 1,200,000 1,200,000 Common stock 1,500,000 1,000,000 Retained earnings 332,000 290,000 Total common equity $1,832,000 $1,290,000 Total liabilities and equity
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This note was uploaded on 08/04/2011 for the course COMM 101 taught by Professor Sy during the Spring '11 term at USC.

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financial statements4 - Balance sheet i . Answer: a The The...

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