Assume Verizon reports the following selected balance sheet and income statement information. 2014 2013 Current assets $16,448 $19,479 Current liabilities 25,063 23,129 Total liabilities 101,696 103,345 Equity 66,434 62,613 Earnings before interest and taxes 12,787 12,496 Interest expense 2,180 2,384 Net cash flow from operating activities 22,012 21,820 Compute the current ratio for 2014.

Which of the following best describes the economic effect that results from the government having a budget surplus? a. consumers save more and spend less, enabling long-term financial planning. b. overall demand decreases, reducing the incentive for producers to increase production. c. banks have more deposits, enabling them to make more loans to investors. d. government spending increases, increasing competition for goods and services and driving prices up.

Warren company plans to depreciate a new building using the double declining-balance depreciation method. the building cost $870,000. the estimated residual value of the building is $57,000 and it has an expected useful life of 20 years. assuming the first year's depreciation expense was recorded properly, what would be the amount of depreciation expense for the second year?

On december 1, 2017, bigham corporation pays a dividend of $4.00 on each share of its common stock. vanessa and gena, two unrelated shareholders, each own 5,000 shares of the stock. vanessa has owned her stock for two years while gena purchased her stock on november 3, 2017. how does each shareholder treat the $20,000 dividend from bigham