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During June 2005, Bextra Inc. recorded sales of $55,000 but only $20,000 was collected in cash from customers. Cost of goods sold of $38,000. What was the effect of these sales on Bextra's current ratio? A- Current ratio increases B-Current ratio decreases C-Current ratio remains...
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Patnode recorded a 2005 tax expense of $3,000. What amount did it pay to the tax authorities during 2005? Taxes payable is $9400. A $2,400 B $7,000 C $600 D $5,400 I am really confused here, I think the answer might be a or d. I don't know how to actually calculate this. Is there a...
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Retained earnings, December 31, 2011 $ 490,400 Net decrease in total assets during 2011 View more questions Search
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