Chemistry, 14.02.2020 19:01 7obadiah

The firm has never paid a dividend on its common stock, and it issued $2,400,000 of 10-year, non-callable, long-term debt in 2013. As of the end of 2014, none of the principal on this debt had been repaid. Assume that the company's sales in 2013 and 2014 were the same. Which of the following statements must be CORRECT?

Answers: 3

Show answers

Answers

Answer from: erica437

This question is incomplete, I googled the correct question content as:

Below are the 2012 and 2013 year-end balance sheets for Tran Enterprises:

Assets: Year 2013 Year 2012

Cash $ 200,000 $ 170,000

Accounts receivable 864,000 700,000

Inventories 2,000,000 1,400,000

Total current assets $3,064,000 $2,270,000

Net fixed assets 6,000,000 5,600,000

Total assets $9,064,000 $7,870,000

Liabilities and equity:

Year 2013 Year 2012

Accounts payable $1,400,000 $1,090,000

Notes payable to bank 1,600,000 1,800,000

Total current liabilities $3,000,000 $2,890,000

Long-term debt 2,400,000 2,400,000

Common stock 3,000,000 2,000,000

Retained earnings 664,000 580,000

Total common equity $3,664,000 $2,580,000

Total liabilities and equity$9,064,000$ 7,870,000

The firm has never paid a dividend on its common stock, and it issued $2,400,000 of 10-year, non-callable, long-term debt in 2012. As of the end of 2013, none of the principal on this debt had been repaid. Assume that the company's sales in 2012 and 2013 were the same. Which of the following statements must be CORRECT?

The firm issued long-term debt in 2013.

The firm issued new common stock in 2013.

The firm had negative net income in 2013.

The firm increased its short-term bank debt in 2013.

The firm repurchased some common stock in 2013.

Answer

Explanation:

b : The firm issued new common stock in 2013.

At the end of 2012 , common stock balance is $ 2000000 and at the end of 2013 common stock balance is 3000000. Thus, the firm increased the new common stock in 2013

Answer from: Quest

North atlantic current or north atlantic drift is the answer

Answer from: Quest

b. examine and describe cells

Another question on Chemistry

Chemistry, 22.06.2019 03:00

In the 1800s, one of the statements in john dalton's atomic theory was that atoms are indivisible. later experimental evidence led to the discovery of subatomic particles such as neutrons, electrons, and protons. what happened to the indivisible atom part of dalton's atomic theory, and why?

Answers: 3

Answer

Chemistry, 22.06.2019 10:50

How many grams of oxygen gas are contained in a 15 l sample at 1.02 atm and 28°c? show your work.

Answers: 1

Answer

Chemistry, 22.06.2019 13:10

The last few miles of the marathon are the most difficult for heather, her hair plastered to her head, sweat clinging to her arms, and her legs already feeling as if they had nothing left, just dead weight. after grabbing a cup of ice water, she feels the ice cubes smash against her nose as she gulps some cool refreshment and keeps on running. in these last few miles, the breeze kicks up and she finally feels some coolness against her skin. drips of sweat, once clinging to her forehead, now spill down, and heather feels more pain as the sweat flows into her eyes.which of the following is the most likely reason why the ice struck heather’s nose when she took a drink? a) water can function as a solvent. b) water can store large amounts of heat. c) water can moderate temperatures through evaporative cooling. d) the density of water decreases when it freezes. e) water has a cohesive nature.sweat remained on heather’s forehead and arms because of the a) high salt content of sweat b) cohesive nature of water c) ability of water to moderate heat d) high evaporative cooling effect of water e) ability of water to act as a solvent

Answers: 1

Answer

Chemistry, 22.06.2019 13:30

Why does asexual reproduction result in offspring with identicle genetic variation

Answers: 2

Answer

You know the right answer?

The firm has never paid a dividend on its common stock, and it issued $2,400,000 of 10-year, non-cal...

Questions