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?

Where would purchased treasury stock with cash be classified on the Statement of cashflows?

Revenues are deferred to a balance sheet liability account until they are earned in a later period. The account is called:

Compared to its 2004 cash-basis net income, Potoma Co.'s 2004 accrual-basis net income increased when it:

Which is equivalent to Horizontal analysis?

How are funds used for development of a patent that are NOT expensed on the Income Statement accounted for on the Cashflow statement?

Acme company has a beginning year Retained earnings balance of $10,000, Net income for the year of $5,000 and declares dividends totaling $3,000. What is the ending Retained earnings balance?

What is wages payable considered?

A decrease in liabilities is recorded as a:

The following items are current assets except:

What is additional paid-in-capital considered?