The following information has been taken from the consolidation worksheet of graham company and its 80% owned subsidiary, stage company. (1) graham reports a loss on sale of land of $5,000. the land cost graham $20,000. (2) non-controlling interest in stage's net income was $30,000. (3) graham paid dividends of $15,000. (4) stage paid dividends of $10,000. (5) excess acquisition-date fair value over book value was expensed by $6,000. (6) consolidated accounts receivable decreased by $8,000. (7) consolidated accounts payable decreased by $7,000.

What are the forecasted levels of the line of credit and special dividends? (hints: create a column showing the ratios for the current year; then create a new column showing the ratios used in the forecast. also, create a preliminary forecast that doesn’t include any new line of credit or special dividends. identify the financing deficit or surplus in this preliminary forecast and then add a new column that shows the final forecast that includes any new line of credit or special dividend.) now assume that the growth in sales is only 3%. what are the forecasted levels of the line of credit and special dividends?

10.     lucy is catering an important luncheon and wants to make sure her bisque has the perfect consistency. for her bisque to turn out right, it should have the consistency of a. cold heavy cream. b. warm milk. c. foie gras. d. thick oatmeal. student d   incorrect

Lucy is catering an important luncheon and wants to make sure her bisque has the perfect consistency. for her bisque to turn out right, it should have the consistency of a. cold heavy cream. b. warm milk. c. foie gras. d. thick oatmeal.