Question 37 (2 points) Gaulle Company began the year with a balance of $6,000 in...
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Question 37 (2 points) Gaulle Company began the year with a balance of $6,000 in Accounts Receivable and ended the year with $9,000 in the account Revenues for the period amounted to $38,000. Under the direct method, Gaulle will report cash collected from customers of $44.000. $35,000 $41,000. $47.000 Question 38 (2 points) Below are selected data from the financial statements of Moriarty Company. Total liabilities Common stock ($30 par) Paid-in capital in excess of parcommon stock Retained earnings 2018 $1,205,000 250,000 150,000 155,000 2017 $952,000 225,000 135,000 145,000 The debt-to-equity ratio for 2018 is increasing, which should be a major cause of concern for Moriarty Company. O increasing, which should be a good sign in investors' eyes. decreasing, which should be a major cause of concern for Moriarty Company. O decreasing, which should be a good sign in investors' eyes
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