Questions from Financial Accounting

Q: What is the function of the stock certificate?

What is the function of the stock certificate?

Q: What is the difference between return on investment and return on equity

What is the difference between return on investment and return on equity?

Q: Does depreciation expense affect net cash flow? Explain.

Does depreciation expense affect net cash flow? Explain.

Q: What is the concept of financial leverage?

What is the concept of financial leverage?

Q: On May 1, Year 1, Love Corporation declared a $

On May 1, Year 1, Love Corporation declared a $50,000 cash dividend to be paid on May 31 to shareholders of record on May 15. Required: a. Record the events occurring on May 1, May 15, and May 31 in...

Q: Discount Drugs (one of the three largest drug makers) just

Discount Drugs (one of the three largest drug makers) just reported that its Year 2 third-quarter profits are essentially the same as the Year 1 third-quarter profits. In addition to this announcement...

Q: Lake Inc. and River, Inc. reported net incomes of

Lake Inc. and River, Inc. reported net incomes of $800,000 and $1,000,000, respectively, for the most recent fiscal year. Both companies had 200,000 shares of common stock issued and outstanding. The...

Q: Write a memo explaining why one company’s P/E ratio may

Write a memo explaining why one company’s P/E ratio may be higher than another company’s P/E ratio.

Q: Advance Auto Parts, Inc. is “a leading automotive aftermarket

Advance Auto Parts, Inc. is “a leading automotive aftermarket parts provider in North America. We were founded in 1929 as Advance Stores Company. As of January 2, 2016, we operated 5...

Q: Faith Busby and Jeremy Beatty started the B&B partnership on

Faith Busby and Jeremy Beatty started the B&B partnership on January 1, Year 1. The business acquired $44,000 cash from Busby and $66,000 from Beatty. During Year 1, the partnership earned $42,000 in...