Answered step by step

Verified Expert Solution

Link Copied!

Question

1 Approved Answer

Posted on Sep 03, 2024

Balsam Company has a debt-to-assets ratio of 0.60. Which of the following, if it occurred on the last day of the accounting period, would increase

Balsam Company has a debt-to-assets ratio of 0.60. Which of the following, if it occurred on the last day of the accounting period, would increase the company's debt-to-assets ratio?

A) Paying off some accounts payable.

B) Lending money to employees on a promissory note.

C) Issuing shares.

D) Borrowing with a short-term promissory note.

Step by Step Solution

There are 3 Steps involved in it

Step: 1

Get Instant Access to Expert-Tailored Solutions

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

Step: 2

Step: 3

Ace Your Homework with AI

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

Get Started

Students also viewed these Accounting questions

Question

74. Consider the following data on active repair time (hours) for a sample of n 46 airborne communications receivers: .2 .3 .5 .5 .5 .6 .6 .7 .7 .7 .8 .8 .8 1.0 1.0 1.0 1.0 1.1 1.3 1.5 1.5 1.5 1.5...

Answered: 1 week ago

Question

★★★★★

Marion Company is an 80% owned subsidiary of Lange Company. The interest in Marion is purchased on January 1, 2015, for $680,000 cash. The fair value of the NCI was $170,000. At that date, Marion has...

Answered: 1 week ago

Question

★★★★★

the answers to the nearest dollar. a. $7,722 b. $3,283 within the discount period. debit or credit entries. CNOW journals will automatically indent a credit entry when a credit amount is entered

Answered: 1 week ago

Question

★★★★★

Following are two income statements for Alexis Co. for the year ended December 31. The left number column is prepared before any adjusting entries are recorded, and the right column includes the...

Answered: 1 week ago

Question

★★★★★

According to the predictions of quantum mechanics, could atomic clocks also have errors, and there would be no instrument at all to point out the errors, still due to quantum mechanical limitations?

Answered: 1 week ago

Question

★★★★★

250 mL of a waste solution obtained from the workshop of a goldsmith contains 0.1 M AgNO 3 and 0.1M AuCl . The solution was electrolyzed at 2V by passing current of 1A for 15 min .The metal/metals...

Answered: 1 week ago

Question

★★★★★

If you have two vibrating tuning forks that create a binaural beat of 440 Hz, would they be able to make a third tuning fork calibrated to 440 Hz resonate?

Answered: 1 week ago

Question

★★★★★

The following is a pedigree of PKU that is associated with a mutation in the PAH gene. Note: Filled squares or circles represent PKU patients. Assume that no other mutation arises within the...

Answered: 1 week ago

Question

★★★★★

The diagram below shows a signaling pathway that is activated following the binding of adrenaline to the -adrenergic receptor. The major steps of this signaling pathway are outlined below and also...

Answered: 1 week ago

Previous Question Next Question