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 140 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!

kthug

  • Member
  • Posts: 332
Reply 3 on: Yesterday
:D TYSM

« previous next »
 

Did you know?

Only 12 hours after an egg cell is fertilized by a sperm cell, the egg cell starts to divide. As it continues to divide, it moves along the fallopian tube toward the uterus at about 1 inch per day.

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.

Did you know?

Illicit drug use costs the United States approximately $181 billion every year.

Did you know?

More than 4.4billion prescriptions were dispensed within the United States in 2016.

Did you know?

Glaucoma is a leading cause of blindness. As of yet, there is no cure. Everyone is at risk, and there may be no warning signs. It is six to eight times more common in African Americans than in whites. The best and most effective way to detect glaucoma is to receive a dilated eye examination.

This map shows the percentage of Protestants by state in Germany. When compared to the previous map This map shows the percentage of Protestants by state in Germany. When compared to the previous map
The end of a typical line wrench, which shows that it is capable of grasping most of the head of ... The end of a typical line wrench, which shows that it is capable of grasping most of the head of ...
Drawing shows what is occurring electrically at each part of the scope pattern. Drawing shows what is occurring electrically at each part of the scope pattern.
Removing the sheet from underneath the client. Removing the sheet from underneath the client.
Acid–Base Balance Acid–Base Balance
A phylogenetic tree showing the evolutionary relationships among hominoids. The evidence shows that A phylogenetic tree showing the evolutionary relationships among hominoids. The evidence shows that
Video: Medullary osmotic gradient - influencing factors

For a complete list of videos, visit our video library