Directors of a limited company are under an obligation to:

Under SFAS 115, which is not a category for securities?

On July 1, 2014, PQR Company received a $150,000 simple interest note for 5 months at 12% simple interest from ABC Trading. After 3 months, PQR needed cash so it discounted the note at the MEBank at a discount rate of 14%. How much will PQR receive as a proceeds from the discounting of the notes?

What is a definition of appropriated retained earnings?

Miller Investments has $50,000 in liabilities and $50,000 in stockholders’ equity. If Miller issues debt with warrants of $50,000, and attached warrants are valued at $10,000, the firm’s debt-to-equity ratio after the issue will be:

MJG Company has the following information: *Net Loss = 100,000 *Total Assets = 3,000,000 *Common Stock, Dec 31 = 1,000,000 *Additional Paid in Capital = 500,000 *Dividends Declared = 700,000 The debt-to-equity ratio is 50% at December 31. What was the retained earnings on January 1?

Why are income taxes not incorporated into the breakeven unit sales calculation?

What is the Balance Sheet version of the accounting equation?

Which of these is a Debit account?

Which of the following is a long term asset?

The personal assets of the owner of a company will not appear on the company's balance sheet because of which principle/guideline?