COLLEGE ACCT.,CH.1-9-W/CENGAGENOW2
COLLEGE ACCT.,CH.1-9-W/CENGAGENOW2
23rd Edition
ISBN: 9780357252314
Author: HEINTZ
Publisher: CENGAGE L
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Chapter 7, Problem 6SEA
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Prepare journal entry to record (a) establishment a petty cash fund (b) to replenish the petty cash fund.

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A company has received a loan from a bank with certain debt covenants that require the company to maintain specific financial ratios. Discuss the potential impact of these covenants on the company's financial statements and the steps the company can take to ensure compliance. What are the consequences of violating debt covenants? How can the company negotiate with the bank to modify the covenants if necessary?
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What is the opereting cash flow at this lavel of output?

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COLLEGE ACCT.,CH.1-9-W/CENGAGENOW2

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