Exam (elaborations)
ACCT 105 Act105 week 5 Review Exam 2023 Questions and Answers (100% Correct)
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Question 1 of 10 10.0/ 10.0 Points The most important reason for preparing a statement of cash flows is to compute the change in cash. A. True B. False Answer Key: False Question 2 of 10 10.0/ 10.0 Points What is the stockholders’ equity to debt ratio for the following data? Total current liabilities (noninterest bearing) - $300,000; bonds payable, 5% (issued in 2007, due in 20 years) - $600,000; preferred 6% stock, $200 par - $240,000; common stock, $20 par - $480,000; premium on common stock - $120,000; retained earnings - $420,000. Income before income taxes was $180,000 and income taxes were $78,000 for the current year. A.4:1 B.2.1: 1 C.0.7: 1 D.1.2: 1 E.1.4:
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Institution
American Public University
Course
ACCT 105
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American Public University
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ACCT 105
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