Which of the following is true of Altman's Z-Score Boundaries?
A) If a publicly traded non-manufacturing firm has a Z-score of 1.81, it predicts bankruptcy.
B) If a publicly traded manufacturing firm has a Z-score of 2.60, it indicates non-bankruptcy.
C) If a publicly traded manufacturing firm has a Z-score of 1.42, the firm is in the zone of ignorance.
D) The zone of ignorance for privately held manufacturing firms is 1.23 to 2.90.
Question 2
J. Jefferson invested 15,000 cash in his business. The accountant would record the following journal entry:
a. Cash 15,000
J. Jefferson, Capital 15,000
b. J. Jefferson, Capital 15,000
Cash 15,000
c. Cash 15,000
Income from Services 15,000
d. J. Jefferson, Drawing 15,000
Cash 15,000
