A corporation issues $100,000,000 of 10% convertible debentures, convertible at $50. Upon issuance, which of the following are affected?
I Total Assets
II Total Liabilities
III Net Working Capital
IV Stockholders' Equity
Answer: I, II, and III
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Fundamental Analysis
- Stockholders' Equity (Net Worth) is affected by all of the following EXCEPT:
- A corporation buys furniture and fixtures, paying cash. Which of the following choices are affected?
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- A corporation is preparing a registration statement for a new issue offering consisting of 300,000 new shares and 200,000 existing shares held by officers. The Public Offering Price is $30 per share. The spread taken by the underwriters is $2 per share. Which of the following will be changed as a result of the offering?
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- ABC Corporation splits its stock 3:1. As a result of the split, which of the following will occur?
- A corporation issues a stock dividend. Which of the following statements are TRUE?
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- Which of the following will affect the reported net income per share of a corporation?
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- Bond interest expense of a corporation is deductible:
- Which item would NOT be found on a corporation's income statement?
- Which of the following are components of total long term capital of a corporation?
- All of the following terms are synonymous EXCEPT:
- Accelerated depreciation deductions:
- All of the following are methods of depreciation EXCEPT:
- Which ratio is the least stringent test of liquidity?
- What is DEF Corporation's Quick Ratio?
- What is PDQ Corporation's Current Ratio?
- Current assets minus current liabilities equals:
- All assets minus all liabilities equals: