Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

A firm reported in the statement of shareholders equity dividends of $800 in 2020. If dividends payable in 2019 and 2020 were $150 and $120

A firm reported in the statement of shareholders equity dividends of $800 in 2020. If dividends payable in 2019 and 2020 were $150 and $120 respectively, what is the amount of cash dividends paid by the firm in 2020?

a.

$800

b.

$830

c.

$920

d.

$770

e.

none of the above

The decision to develop undeveloped resources resembles a call option, where the strike price in this valuation model is:

a.

The exploration cost

b.

The initial cost of developing the resources

c.

Estimated value of resources

d.

Payoff on investment

e.

none of the above

If Sales were $8,000,000 and $9,000,000 in 2019 and 2020 respectively, ATO was 4 and 2 in 2019 and 2020 respectively, NFOs were $400,000 and $500,000 in 2019 and 2020 respectively, what was the change in CSE from 2019 to 2020?

a.

$2,500,000

b.

$100,000

c.

$900,000

d.

$2,400,000

e.

none of the above

If the interest on notes payable is higher than the market interest rate, the firm should treat them as:

a.

Operating assets

b.

Financial assets

c.

Operating liabilities

d.

Financial liabilities

e.

none of the above

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

More Books

Students also viewed these Finance questions