ACC 201 Lecture Notes - Lecture 10: Income Statement, Deferred Tax

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Interpret: for every of bv of ppe, the company will generate. Bonds payable: sold to investors in the free market. 28,600 gross pay (cost of employment: 20,400 net pay (to employees, 2,000 fica tax, 5,000 income tax, 1,200 insurance. 1200 people purchased season ticket for 6 events at a price of . Balance of warranty account was ,000 on jan. 1, 2016 and ,400 on dec. 31, 2016. Warranty expense for the income statement for the year ended dec. 31, 2016. What were the actual costs of servicing the products under warranty during the year. Financial leverage - financial leverage refers to the use of debt to acquire additional assets. Financial leverage is also known as trading on equity. Shareholders require a larger return because they are taking a bigger risk (10%) Banks are debtholders not shareholders: require smaller rate of return (3% instead of 10%, bank passes along extra 7% of return.

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