This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: The balance sheet of Ranger Inc shows its liabilities and owners' equity as 150,000 and 75,000, ... (Read 74 times)

bobbie

  • Hero Member
  • *****
  • Posts: 592
on: Jul 14, 2018
The balance sheet of Ranger Inc shows its liabilities and owners' equity as 150,000 and 75,000, respectively. In this case, Ranger's _____.
 A) total assets are 225,000
  B) total income is 75,000
  C) net income for the current year is 225,000
  D) net cash flow for the current year is 75,000

Question 2

Which of the following is a requirement for an S-corporation?
 A) The S-corporation must be incorporated in Delaware.
  B) The S-corporation can have no more than 100 stockholders.
  C) Only common and preferred stock can be sold to investors.
  D) At least 30 percent of the investors must be nonresident aliens.
  E) Only individuals can be stockholders.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

sailorcrescent

  • Sr. Member
  • ****
  • Posts: 334
Reply #1 on: Jul 14, 2018
Answer to Question 1

A

Answer to Question 2

B


bobbie

  • Member
  • Posts: 592
Reply 2 on: Jul 14, 2018
Gracias!

adammoses97

  • Member
  • Posts: 337
Reply 3 on: Yesterday
:D TYSM

« previous next »
 

Did you know?

The average person is easily confused by the terms pharmaceutics and pharmacology, thinking they are one and the same. Whereas pharmaceutics is the science of preparing and dispensing drugs (otherwise known as the science of pharmacy), pharmacology is the study of medications.

Did you know?

All patients with hyperparathyroidism will develop osteoporosis. The parathyroid glands maintain blood calcium within the normal range. All patients with this disease will continue to lose calcium from their bones every day, and there is no way to prevent the development of osteoporosis as a result.

Did you know?

In the United States, an estimated 50 million unnecessary antibiotics are prescribed for viral respiratory infections.

Did you know?

Between 1999 and 2012, American adults with high total cholesterol decreased from 18.3% to 12.9%

Did you know?

During pregnancy, a woman is more likely to experience bleeding gums and nosebleeds caused by hormonal changes that increase blood flow to the mouth and nose.

Figure 7.1 shows the rapid decline in the trust of Americans in government since the 1960s. This de Figure 7.1 shows the rapid decline in the trust of Americans in government since the 1960s. This de
Acid–Base Balance Acid–Base Balance
Acid–Base Balance Acid–Base Balance
This image shows a normal third-trimester fetal brain This image shows a normal third-trimester fetal brain
A comparison of a trait (height) that shows discontinuous and continuous phenotypes in different pla A comparison of a trait (height) that shows discontinuous and continuous phenotypes in different pla
Fluid–solute balance in freshwater and marine bony fishes Fluid–solute balance in freshwater and marine bony fishes
Video: Structures that affect circulation - heart and systolic/diastolic BP

For a complete list of videos, visit our video library