The december 31, 2011, post closing trial balance in thousands for libby corporations is preseted below
debit credit
cash 22,500
investments 55,000
accouts recievable 30,000
allownnce for uncollectible accounts 7,500
prepaid insurance 4,500
inventories 100,000
land 45,000
buildings 140,000
accumulated depreciation-buildings 50,000
equipment 132,500
accumulated depreciation-equipment 30,000
patents(unamortized balance) 5,000
accounts payable 37,500
notes payable, due 2012 65,000
interest payable 10,000
bonds payable due 2021 120,000
common stock 150,000
retained earnings 64,500
total 534,500 534,500
prepare a classified balance sheet for libby corporation at december 31,2011

Which of the following actions would be most likely to reduce potential conflicts of interest between stockholders and bondholders? a) compensating managers with stock options, b) financing risky projects with additional debt, c) the threat of hostile takeovers, d) the use of covenants in bond agreements that limit the firm's use of additional debt and constrain managers actions, e) abolishing the security and exchange commission

John novosel was employed by nationwide insurance company for fifteen years. novosel had been a model employee and, at the time of discharge, was a district claims manager and a candidate for the position of division claims manager. during novosel's fifteenth year of employment, nationwide circulated a memorandum requesting the participation of all employees in an effort to lobby the pennsylvania state legislature for the passage of a certain bill before the body. novosel, who had privately indicated his disagreement with nationwide's political views, refused to lend his support to the lobby, and his employment with nationwide was terminated. novosel brought two separate claims against nationwide, arguing, first, that his discharge for refusing to lobby the state legislature on behalf of nationwide constituted the tort of wrongful discharge in that it was arbitrary, malicious, and contrary to public policy. novosel also contended that nationwide breached an implied contract guaranteeing continued employment so long as his job performance was satisfactory. what decision as to each claim?

What cylinder head operation is the technician performing in this figure?