The order of the steps to prepare the worksheet are: a. complete the adjustments, prepare the adjusted trial balance, prepare the trial balance, extend the respective totals to the income statement and balance sheet columns. b. prepare the adjusted trial balance, complete the adjustments, prepare the trial balance, extend the respective totals to the income statement and balance sheet columns. c. extend the totals to the income statement and balance sheet columns, prepare the trial balance, complete the adjustments, prepare the adjusted trial balance. d. prepare the trial balance, complete adjustments, prepare the adjusted trial balance, extend the respective totals to the income statement and balance sheet columns.

ernst's electrical has a bond issue outstanding with ten years to maturity. these bonds have a $1,000 face value, a 5 percent coupon, and pay interest semiminusannually. the bonds are currently quoted at 96 percent of face value. what is ernst's pretax cost of debt?

Miko willingly admits that she is not an accountant by training. she is concerned that her balance sheet might not be correct. she has provided you with the following additional information. 1. the boat actually belongs to miko, not to skysong, inc.. however, because she thinks she might take customers out on the boat occasionally, she decided to list it as an asset of the company. to be consistent, she also listed as a liability of the corporation her personal loan that she took out at the bank to buy the boat. 2. the inventory was originally purchased for $27,500, but due to a surge in demand miko now thinks she could sell it for $39,600. she thought it would be best to record it at $39,600. 3. included in the accounts receivable balance is $11,000 that miko loaned to her brother 5 years ago. miko included this in the receivables of skysong, inc. so she wouldn’t forget that her brother owes her money. (b) provide a corrected balance sheet for skysong, inc.. (hint: to get the balance sheet to balance, adjust stockholders’ equity.) (list assets in order of liquidity.)

Why do police officers get paid less than professional baseball players?