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