• 2022-05-30
    the following amounts were drawn from the records of H company: total assets=$1400, common stock=$500, retained earnings=$300. based on this information, total liabilities must be equal to:
    A: $300
    B: $600
    C: $800
    D: $900
  • B
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    • 0

      Which of the following belongs to the long-term liabilities? A: retained earnings B: capital stock C: dividends payable D: bonds payable

    • 1

      The debt ratio indicates: A: a.the ability of the firm to pay its current obligations B: b.the efficiency of the use of total assets C: c.the magnification of earnings caused by leverage D: d.a comparison of liabilities with total assets

    • 2

      Dividends come at the expense of _____ A: interest B: retained earnings C: liabilities D: stock

    • 3

      If a company incures an expense on account: A: cash flows from operating are decreased. B: cash flows from operating are increased. C: total assets decrease. D: total assets are not affected.

    • 4

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