Accounting Chapter 9

liability

A landlord records the collection of a tenant's security deposit as a(n):

The par value of the stock is changed in reverse proportion as the stock split.

As a result of a stock split,

0.60

Axle Corporation's balance sheet showed the following amounts: total assets, $240,000, current liabilities, $45,000; total liabilities, $90,000. The debt to equity ratio is:

1.44

Jackson Corporation's balance sheet showed the following amounts: current liabilities, $2,500; bonds payable, $6,000; lease obligations, $2,300. Total stockholder's equity was $7,500. The debt to equity ratio is:

obligations that extend beyond one year.

Long-term debt generally includes:

Number of shares that are currently held by stockholders.

Outstanding stock represents the:

Decrease retained earnings and increase dividends payable.

When the board of directors approves a dividend be paid to its

Lease accounting rules will result in more assets and liabilities being recognized on the balance sheet

Which of the following statements regarding accounting for leases