The Data of Franklin Brothers Corp

question 130

Multiple Choice

The data of Franklin Brothers Corp. for two years are given below: Based on the above information, which of the following statements is true?

• A)Cash ratio has increased from 0.02 in 2014 to 0.03 in 2015.
• B)Cash ratio has increased from 0.05 in 2014 to 0.08 in 2015.
• C)Cash ratio has increased from 0.417 in 2014 to 0.225 in 2015.
• D)Cash ratio has increased from 0.225 in 2014 to 0.417 in 2015.

Prepare journal entries for partnership transactions, including capital contribution, withdrawals, income allocation, and closing of drawing accounts.

Calculate dividends rate, dividends per share, and eligible shares for dividends under different stock scenarios.

Evaluate the financial statement impacts of cash and stock dividends.

Prepare journal entries for stock transactions, including sales, issuance, and dividend declarations.

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Definitions:

Sexual Needs

Refers to the desires or urges that are related to sexual activity, encompassing physical, emotional, and psychological aspects of sexuality.

Hypothalamus

A region of the brain below the thalamus that coordinates both the autonomic nervous system and the activity of the pituitary, controlling body temperature, thirst, hunger, and other homeostatic systems.

Biological Motives

Innate impulses driving behavior, such as hunger, thirst, and the need for shelter, aimed at survival.

Long-Term Mechanisms

Strategies or processes that are employed over an extended period to manage or cope with tasks, changes, or stresses.