Make an analysis of the Consolidated Balance Sheets. What do you see? The Long-term Debt has increased considerably...does that concern you? How is that explained in the notes to the financial statements? Consider the reasonableness of your answer.
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Make an analysis of the Consolidated Balance Sheets. What do you see? The Long-term Debt has increased considerably...does that concern you? How is that explained in the notes to the financial statements? Consider the reasonableness of your answer.
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- Assets Current assets Cash and cash equivalents Accounts receivable, net Supplies Other current assets Total current assets Property and equipment Accumulated depreciation Net property and equipment Goodwill Deferred charges Other Total assets Liabilities and equity Current liabilities Accounts payable Accrued liabilities Current maturities of long-term debt Total current liabilities Operating lease liabilities non-current Long-term debt Other non-current liabilities Total liabilities Total liabilities Common stock Cummulative dividends Retained earnings Other Total equity Total liabilities and equities Revenue, net Operating charges Salaries, wages, and benefits Other operating expenses Supplies expense Depreciation and amortization Lease and rental expense Total operating charges Income from operations Interest expense, net Other (income) expense, net Income before income taxes Provision for income taxes Net income $61,268 1,560,847 Cost of debt (%) Cost of equity (%) Weighted…Liquid assets is determined by Select one: a. Current assets - current liabilities O b. Current liabilities- Bank overdraft c. Current assets +stock+ prepaid expenses O d. Current assets-stock-Prepaid expensesWhich of the following constitutes an internal source of funds Oa. Corporate bonds b. Common stock Oc Commercial paper O d. Retained earnings and amortization cash flow
- The realizable amount of notes receivable is considered. a. Income b. all of the above c. Noncurrent asset d. Current assetPaying off bonds payable is reported on the statement of cash flows undera. noncash investing and financing activities.b. financing activities.c. operating activities.d. investing activities.Reporting Issuance and Retirement of Long-Term Debt On the basis of the details of the following bonds payable and related discount accounts, indicate the items to be reported in the Financing Activities section of the statement of cash flows, assuming no gain or loss on retiring the bonds: ACCOUNT Bonds Payable ACCOUNT NO. Balance Date Debit Credit Jan. 1 Balance Retire bonds 112,000 June 30 Issue bonds ACCOUNT Discount on Bonds Payable Date Item Balance Retire bonds Issue bonds Amortize discount Jan. 1 2 June 30 Dec. 31 Item Debit 22,500 336,000 Credit 8,960 1,940 Debit Credit 560,000 448,000 784,000 ACCOUNT NO. Balance Debit 25,200 16,240 38,740 36,800 Credit
- Impact of Transactions Involving Bonds on Statement of Cash Flows In the following list, select each item as operating, investing, financing, or not separately reported on the statement of cash flows. Proceeds from issuance of bonds payable Financing Interest expense Redemption of bonds payable at maturity Financing Investing Not separately reported OperatingIf a company purchased avalaible for sale securities with cash, this would be reported on the statement of cash flows as? Select one: a. Financing Activities cash outflow b. Investing Activities cash outflow c. Financing Activities cash inflow d. Operating activities cash outflowWhich ratio measures the ability to pay current liabilities with current assets?a. Debt ratiob. Current ratioc. Liability ratiod. Asset ratio
- Dec. 31, 2020 Dec. 31, 2019 Assets Current assets: Cash and cash equivalents $248,005 $419,465 Accounts receivable 38,283 34,839 Inventory 15.043 15,332 Prepaid expenses and other current assets 39,965 34,795 Income tax receivable 58,152 16,488 Investments 415,199 338,592 Total current assets 814.647 859,511 Property, plant, & equipment, net 1,217.220 1,106,984 Long-term investments 622,939 496.106 Other assets 70,260 64,716 Total assets $2,725,066 $2,527,317 Liabilities and Shareholders' Equity Current liabilities: Accounts payable $85,709 $69,613 Accrued payroll and benefits 64,958 73,894 Accrued liabilities 129,275 102,203 Total current liabilities 279,942 245,710 Deferred liabilities 284.267 240,975 Other liabilities 32.883 28,263 Total liabilities 597,092 514,948 Shareholders' equity: Common stock 358 354 Additional paid-in capital 954,988 861.843 Retained earnings 1,172.628 1,150,172 Total shareholders' equity 2,127,974 2,012.369 Total liabilities and shareholders' equity…The balance sheet account that is usually reported at its fair market value is: a. Short-term marketable securities b. Accounts receivable c. Current liabilities d. InventoryThe valuation of a promise to receive cash in the future at present valueon the financial statements of a company is valid because of theaccounting concept of: a. entityb. materialityc. going concernd. neutrality