question 120
Multiple Choice
Comparative financial statements for Cross, Inc.are shown below:
Assets Current assets: Cash Accounts receivable Inventory Prepaid expenses Total current assets Property, plant and equipment, net Total assets Liabilities and Stockholders’ Equity Current liabilities: Accounts payable Other current liabilities Total current liabilities Long-term debt Total liabilities Stockholders’ equity: Common stock Retained earnings Retained earnings Total stockholders’ equity Total liabilities and stockholders’ equity Net sales Cost of goods sold Gross margin Operating expense Operating income Interest expense Earnings before tax Income taxes Net income December 312018$89,103142,00096,70821,203349,014822,576$1.171.590$85,44338,112123,555302,430425,985600,000145,60514,700745,605$1,171,590 Year Ended December 312018$17,005,85212,250,2574,755,5953,585,6571,169,93828,5001,141,438342,431$799,0072017$68,203135,00085,6945,118294,015718,144$1012,159$62,39433,50795,901290,324386,225600,00025,9348,000625,934$1,012,1592017$13,809,5859,825,6143,983,9713,400,258583,71327,300556,413166,924$389,489
Definitions:
Double Jeopardy
A legal principle that prohibits an individual from being tried twice for the same offense in a court of law.
Ethnic Minority
A sociodemographic group that has a smaller population and different cultural practices or origins compared to the prevailing majority in a society.
Anxiety Disorders
A group of mental health disorders characterized by significant and persistent anxiety and fear, often impacting daily functioning.
Later Life
Refers to the period in an individual's life typically associated with retirement and an increased likelihood of health-related issues due to aging.