The following balances were taken from the books of Splish Corp. on December 31, 2017. Interest revenue $87,550 Accumulated depreciation-equipment $41,550Cash 52,550 Accumulated depreciation-buildings 29,550Sales revenue 1,381,550 Notes receivable
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FCOJ, Inc., a prominent consumer products firm, is debating whether to convert its all-equity capital structure to one that is 30 percent debt. Currently, there are 5,000 shares outstanding, and the price per share is $86.
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