The Due from Bnks subsidiry ledgers continll the debitsnd credits in theccounts oThe Due f
A.Right.
B.Wrong.
C.Doesn’t say.
A.Right.
B.Wrong.
C.Doesn’t say.
There are two firms with identical assets and thus the same EBIT equal to $10 million per year, differing only in their capital structure: Nodett Corp. issuing only 1 million shares of stocks, and Somedett Corp. issuing bonds with face value of $40 million at an interest rate of 8% per year and 0.6 million shares of stocks. Assume that Somedett’s bonds are in perpetuity and default free. In a frictionless environment, if Nodett’s stock price is $90 and Somedett’s stock price is $100, then you can ( ) to make riskless arbitrage profit.
A、buy 1,000 shares of Nodett and sell short 600 shares of Somedett
B、sell short 1,000 shares of Nodett and buy 600 shares of Somedett
C、sell short 600 shares of Somedett, borrowing $40,000 in perpetuity and buy 1,000 shares of Nodett
D、sell short 1,000 shares of Nodett, buy 600 shares of Somedett and bonds of Somedett with total face value of $40,000
A、The issuing bank pays the beneficiary when the importer fails to fulfill the payment obligation.
B、Bank credit
C、The issuing bank is only bound by the letter of credit and has nothing to do with the trade contract
D、The bank guarantees to provide qualified goods to the importer
After calculating net profit for the year ended 31 March 20X8, WL has the following trial balance. DR CR $ $ Land and buildings-cost 10,000 Land and buildings -accumulated depreciation at 31 March 20X8 2,000 Plant – cost 12,000 Plant - accumulated depreciation at 31 March 20X8 3,000 Inventories 2,500 Trade receivables 1,500 Bank 8,250 Trade payables 1,700 Rent prepaid 400 Wages accrued 300 Capital account 19,400 Profit for the year ended 31 March 20X8 9,750 34,650 36,150 A suspense account was opened for the difference in the trial balance. Immediately after production of above, the following errors were discovered: A payables account had been debited with a $300 sales invoice(which had been correctly recorded in the sales account). The heat and light expense account had been credited with gas paid $150 and the bank has been credited with $150 The saes ledger account of G Gordon had been credited with a cheque received from G Goldman for $800 prepare a journal entry to correct error(iii) Account name DEBIT CREDIT $ $ PICLIST: G Gordon , G Goldman , Bank , Trade receivables , Suspense account
A、applicant
B、importer
C、issuing bank
D、nominated bank
A.自身 意义
B.自身 意味
C.本身 意味
D.本身 意义
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