If a company issues 1,000 shares of $1 par value common stock for $20 per share, what would be the effect on the balance sheet?

Recent financial statement data for Bethell Foods Incorporated is shown below: Current liabilities$ 180Income before interest and taxes$ 12510% Bonds, long-term360Interest expense36Total liabilities540Income before income tax expense89Stockholders’ equity Income tax expense27Common stock200Net income$ 62Retained earnings280 Total stockholders’ equity480 Total liabilities and equity$ 1,020 What is the debt to equity ratio?Note: Round your answer to two decimal places.

Excerpts from Andre Company’s December 31, 2024 and 2023, financial statements are presented below: 20242023Accounts receivable$ 40,000$ 36,000Inventory28,00035,000Net sales (all credit)190,000186,000Cost of goods sold114,000108,000Total assets425,000405,000Total stockholders’ equity240,000225,000Net income32,50028,000 What is the average collection period for 2024?Note: Use 365 days and round your final answer to the nearest day.

The number of shares outstanding is equal to the number of shares issued by the company minus the number of the company’s own shares that it has purchased.

True or False: In an infant diagnosed with Tetralogy of Fallot, the degree of cyanosis is directly related to the degree of right ventricular outflow obstruction. 

A company issued 15,000 shares of $1 par value stock for $20 per share. What is true about the journal entry to record the issuance?

The balance sheet of Logan Company reports total assets of $750,000 and $800,000 at the beginning and end of the year, respectively. Sales revenues are $1.5 million ($1.2 million in the previous year), net income is $150,000, and net cash flows from operating activities are $175,000. What is Logan’s cash return on assets?

We use horizontal analysis to analyze trends in financial statement data, such as the dollar amount of change and the percentage change, for one company over time.

We report treasury stock at the cost of the shares acquired.

Earnings per share (EPS) measures the net income earned per share of common stock outstanding.