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Author Question: NICO Corporation had net current assets of 2,000,000 at the end of 2015 and 1,800,000 at the end of ... (Read 134 times)

jman1234

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on: Jul 10, 2018
NICO Corporation had net current assets of 2,000,000 at the end of 2015 and 1,800,000 at the end of 2014. In addition, NICO had net spontaneous current liabilities of 1,000,000 in 2015 and 1,500,000 in 2014.
 
  Using this information, NICO's net current asset investment for 2014 was ________.
  A) 700,000
  B) -300,000
  C) 300,000
  D) -700,000

Question 2

A firm issued 10,000 shares of 2 par-value common stock, receiving proceeds of 40 per share. The amount recorded for the paid-in capital in excess of par account is ________.
 
  A) 420,000
  B) 380,000
  C) 400,000
  D) 800,000


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kbennett34

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Reply #1 on: Jul 10, 2018
Answer to Question 1

B

Answer to Question 2

B


jman1234

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Reply #2 on: Jul 10, 2018
Correct answers!


kbennett34

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Reply #3 on: Jul 10, 2018
Great! Please up vote :D


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