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

Answer//the law of conservation of mass.;

Answer from: Quest

1. why does the same side of the moon always face earthc.the rotational period of the moon is equal to one revolution around earth2. which is greater the moons period of rotation or its period of revolution b.the moons revolution period around earth3.what was the major accomplishment of the apollo missions d.landing on and exploring the moon4. which of these space missions involved the deployment of lunar rovers d.apollo5. which scientists are going to explore next on kepler-186fd. evidence of existence of life6.which mission is not going to explore the outside of the solar systemb.safir7.which technology limit the future of space exploration b. scientist must first develop certain technologies before missions can be completed.

Another question on Chemistry

Chemistry, 22.06.2019 03:30

Explain why pure hydrogen cyanide does not conduct electricity, but become a conductor when it is dissolved in water? (at room temp, pure hcn exists as a volatile liquid)

Answers: 1

Answer

Chemistry, 22.06.2019 10:10

What shape would a molecule with two bound groups and two lone pairs have?

Answers: 1

Answer

Chemistry, 22.06.2019 12:00

An atom's configuration based on its number of electrons ends at 3p4. another atom has seven more electrons. starting at 3p, what is the remaining configuration? 3p63d34s2 3p43d54s2 3p64s23d3 3p44s23d

Answers: 3

Answer

Chemistry, 22.06.2019 12:30

Acontrol during an experiment. might change remains constant does not exist does change

Answers: 1

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

Chemistry, 08.01.2021 19:30

Mass is usually measured using ? ...