Total liabilities and stockholders equity 375000

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220,000Total Liabilities and stockholders’ equity$375,000Income StatementSales$ 90,000Cost of goods sold45,000Gross margin45,000Operating expenses10,000Net income$ 35,000Number of shares of common stock6,000000Market price of common stock$20Dividends per share1.00Cash provided by operations$40,000What is the rate earned on stockholders’ equity? Round answer to a single decimal point.A.9.3%B.15.9%C.24.0%D.40.9%
126. Corporate annual reports typically do not contain which of the following?
127. The independent auditor's report does which of the following?
128. The purpose of an audit is to
129. Which of the following is required by the Sarbanes-Oxley Act of 2002?A.A price-earnings ratio.B.A report on internal control.C.A vertical analysis.D.A common-sized statement.
130. All of the following are typically included in the Management’s Discussion and Analysis in annual reports except:
131. Which of the following should be reported net of the related income tax effect on the income statement?
132. Which of the following would appear as an extraordinary item on the income statement?
C.loss from land condemned for public useD.liquidating dividend133. A loss on disposal of a segment would be reported in the income statement as a(n)A.administrative expenseB.other expenseC.deduction from income from continuing operationsD.selling expense

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Term
Winter
Professor
N/A
Tags
Accounting, Balance Sheet, Income Statement, The Land, Net Income, Generally Accepted Accounting Principles

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