Another name for the plowback ratio is the ________ ratio
A) acid test
B) retention
C) payout
D) reinvestment
Ans: D) reinvestment
Business
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The following amounts are reported in the ledger of Bowers Company: Assets: $40,000 debit; Liabilities: $18,000 credit; Retained earnings: $6,000 credit. What is the balance in the contributed capital account?
A. $22,000 credit. B. $16,000 credit. C. $24,000 credit. D. $22,000 debit.
Business
Which of the following financial statements is not presented for a Debt Service Fund
24 . ? A. A balance sheet. B. A statement of cash flows. C. A budget-to-actual statement. D. A statement of revenues, expenditures, and changes in fund.
Business