Equipment costing $100,000 with accumulated depreciation of $40,000 is sold at a loss of $10,000. This implies that $40,000 cash was received from the sale.

An advantage of bonds is:

The comparison of a company’s financial condition and performance across time is known as:

Intra-company analysis is based on comparisons with competitors.

The direct method for the preparation of the operating activities section of the statement of cash flows:

Use the following selected information from Dealer, LLC to determine the 2017 and 2016 common size percentages for operating expenses using Net sales as the base.    2017 2016 Net sales $ 276,200   $ 231,400   Cost of goods sold   151,900     129,590   Operating expenses   55,240     53,240   Net earnings   27,820     19,820  

A corporation reported cash of $27,000 and total assets of $461,000 on its balance sheet. Its common-size percent for cash equals:

A company records the fees for legal services paid in advance by its clients in an account called Unearned Legal Fees. If the company fails to make the end-of-period adjusting entry to move the portion of these fees that has been earned to a revenue account, one effect will be:

Roland has already projected his company’s sales. The next step in forecasting his company’s income is to project

Businesses that operate in the home