Examlex
On December 31, 2010, Cocoa Incorporated had total liabilities of $80,000 and total shareholders' equity of $100,000, resulting in a debt/equity ratio of 0.80 before executive bonus expense is recognized. During 2010, Cocoa's CEO earned a 5% bonus on net income before bonus of $100,000. If Cocoa pays the bonus due its CEO on December 31, 2010, what is Cocoa's debt/equity ratio after the bonus expense and what related liability is recognized?
Young Adults
Individuals in the transitional phase between adolescence and full adulthood, generally aged 18 to 25, facing unique social, financial, and emotional challenges.
Teenagers
Individuals in the age group typically ranging from 13 to 19 years, marked by the transition from childhood to adulthood and associated with significant physical, psychological, and social changes.
Genetic Factors
Components within genes that influence an individual's traits, behaviors, and susceptibility to certain conditions.
Homicidal Tendencies
A predisposition or inclination towards committing murder.
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