a. Company A has assets of $45,000, liabilities of $32,000, and a deficit of $7,000. How much have its shareholders contributed as share capital?

FINANCIAL ACCOUNTING
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Chapter1: Financial Statements And Business Decisions
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a. Company A has assets of $45,000, liabilities of $32,000, and a deficit of $7,000.
How much have its shareholders contributed as share capital?
b. Company B has current assets of $234,000, total assets of $459,000, and equity of
$100,000. The company wants to reorganize its liabilities so that is current ratio is
2: 1. If it does, what will its noncurrent liabilities be?
●
c. The Board of Directors of Company C wishes to declare a $75,000 dividend. The
company's retained earnings equal $257,000, and the company has $41,000 in the
bank, a $20,000 bank loan, and $55,000 in accounts receivable. The bank will lend
only $10,000 more, so the credit manager is told to collect some cash quickly from
customers, if necessary. How much cash does the credit manager have to collect, if
any?
Search
((.
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០១
Sat Apr 15 2:58 PM
Transcribed Image Text:Preview File Edit View V mgt120h-j17.pdf Page 7 of 10 Go Tools U Window Help ₁ V a. Company A has assets of $45,000, liabilities of $32,000, and a deficit of $7,000. How much have its shareholders contributed as share capital? b. Company B has current assets of $234,000, total assets of $459,000, and equity of $100,000. The company wants to reorganize its liabilities so that is current ratio is 2: 1. If it does, what will its noncurrent liabilities be? ● c. The Board of Directors of Company C wishes to declare a $75,000 dividend. The company's retained earnings equal $257,000, and the company has $41,000 in the bank, a $20,000 bank loan, and $55,000 in accounts receivable. The bank will lend only $10,000 more, so the credit manager is told to collect some cash quickly from customers, if necessary. How much cash does the credit manager have to collect, if any? Search ((. Ơ ០១ Sat Apr 15 2:58 PM
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