Stockholders' equity consists of which of the following? Multiple Choice O O Paid-in (or contributed) capital and retained earnings. Retained earnings and cash. Long-term assets. Paid-in (or contributed) capital and par value. Premiums and discounts.
Q: capital balance of Lucky after admission?
A: WHEN A NEW PARTNER IS AADMISTED INTO THE PARNERSHIP, NEW PROFIT SHARING RATIO WILL BE CALCULATED,…
Q: owed on April 1 Apr. 16. Issued Invoice No. 796 to Pinecrest Co., $5,500. Post revenue and…
A: Journal entry: Journal entry is a set of economic events which can be measured in monetary terms.…
Q: Thompson Company gathered the following reconciling information in preparing its October bank…
A: Cash: The term "cash and cash equivalents" refers to the line item on the balance sheet that…
Q: Characteristics of a corporation include
A: Shareholders are the owner of the shares issued by the company. They have the power to vote and…
Q: 19) On 1 July 2014, Andrew decided to open up a sole proprietorship with the following items: Cash…
A: Introduction: In the proprietorship business, there is a single person who owns 100% of the…
Q: A company uses a machine to manufacture its product. The operating results of the company for a…
A: Lets understand the basics. When management have more than one alternative then management need to…
Q: Find the profit sharing ratio of A, B. C, and D
A: A partnership is a written contract between two or more people in which they agreed to do business…
Q: Explain the principle of matching and realisation
A: Accounting principal or standards are the principles and rules that organizations should follow when…
Q: Xavier Chemicals processes resin from fir trees into three products: printing inks, varnishes, and…
A: Lets understand the basics. When in the single process, different type of product get produce then…
Q: Exercise 5. Determine the salaries paid The salaries payable and salaries expense accounts at…
A: Salaries paid = salaries expense - Salaries payable
Q: In August, the real estate company indicated that it wanted to increase the mileage allowance to…
A: The real estate company decided to increase the mileage allowance to $ 0.48 per kilometre in August.…
Q: Entries for Waterway 25-Apr-20 inventory on consignment inventory 30-Jun-20 cash ? ? ? ? ? ? סיי ?
A: Journal- Journalizing is the process by which businesses record their transactions in a systematic…
Q: Sunshine Corp. was organized on Jan. 1 with authorization of 20,000 shares of $5 preferred stock,…
A: The shares issued at the higher amount as compared to par value are the shares issued at premium.…
Q: Within corporate governance, discuss the agency theory, stewardship theory, and stakeholder theory.…
A: Corporate governance refers to the system which formulates the desired set of rules and regulations…
Q: The capital balances of the partners on December 31, 2021 were: Noble (50%) - P200,000; Obedient…
A: The partnership comes into existence when two or more persons agree to do the business and further…
Q: On 1" July 2014, Andrew decided to open up a sole proprietorship with the following items: Cash…
A: The accounting equation states that assets equals to sum of liabilities and shareholders equity.…
Q: Do you want to make a double entry? On November 7, 2021, a fire broke out at the store, destroying…
A: When there is a loss of goods by fire, an expense account is debited named loss by fire account and…
Q: Exercise 6. Effect of omitting adjusting entry Accrued salaries of P3,100 owed to employees for…
A: Comment- We’ll answer the first question since the exact one wasn’t specified. Please submit a new…
Q: - A total of 40,000 units were in beginning WIP Inventory. All were completed and transferred out…
A:
Q: a Income statement for the year ended April 30. b. Statement of changes in equity for the year ended…
A: An income statement is a financial report that indicates the revenue and expenses of a business. It…
Q: llocate the costs incurred by Mitzu to the appropriate columns and total each column.
A:
Q: ind and Lucky formed a partnership by contributing cash amounting to P240,000 and P480,000…
A: Partnership : It is the relationship between two or more person who carried on business with the…
Q: a. Furniture & fixtures was purchased on credit for Php50,000. b. Merchandise costing Php202,560 was…
A:
Q: Assess the truth of this statement: The day-by-day transactions of a partnership are recorded in…
A: A partnership is a form of business where two or more partners are agreed to carry a business and…
Q: You own and manage a small hotel. The annual costs are the following: • electricity, phone, internet…
A: Accounting income means total revenue less total expenses. It only consider cash inflows and out…
Q: ABC Corp purchased land and building at a lump price of P6M. ABC demolished the building and…
A: Cost of building refers to the cost which includes the purchase price which involves price paid to…
Q: Champion Contractors completed the following transactions involving equipment. Year 1 January 1 Paid…
A: The journal entries are prepared to record the transactions on regular expenses. The major expenses…
Q: Tally, Inc., sold $200,000 in inventory to Merna Company during 2015 for $250,000. Merna resold…
A: Lets understand the basics. When inter company transactions are happen then there are need to…
Q: Aone lights, a manufacturer of head lights Manager is considering making the 5,000 headlights it…
A: Buy or make plays an important role in taking decision for the mangement to have a say about making…
Q: Q.4) Write short notes on the following: Attempt a) Limitations of financial Accounting Convention…
A: Accounting refers to the practice of timely as well as accurately reporting, classifying, analyzing…
Q: ▪ Issued 4,800 shares of $2 par value common stock for $26. It authorized 20,000 shares. • Issued…
A: The balance sheet shows the financial position of the company. It involves the assets, liabilities,…
Q: Q3. (Horngren) Inorganic Chemicals (IC) processes salt into various industrial products. In July…
A: Comment Since we only answer up to 3 sub-parts, we’ll answer the first 3. Please resubmit the…
Q: Built-Tight is preparing its master budget for the quarter ended September 30. Budgeted sales and…
A: Budgeting - Budgeting is the process of estimating future operations based on past performance. %…
Q: contractor makes up his accounts on 31st December in each year. Contract No. 21 commenced on 1st…
A: Contract Costing : Contract costing means to calculate the cost of work which is doing or completed…
Q: se all the Cost-Volume-Profit related applications to analyse the company and then determine the…
A: Cost Volume Profit Analysis: Profit is the excess of income over expenditure during given period of…
Q: A special right often granted to preferred stock is additional voting privileges. True or False True…
A: STOCKHOLDERS WITH PREFERRED STOCK HAVE HIGHER CLAIM ON DISTRIBUTIONS ( DIVIDENDS) THAN COMMON…
Q: The remaining undepreciated capital investment in year t is called: Select one: O a BVT O b. P OC B…
A: Note: As per the Policy, we’ll answer the first question at a time, since the first question seems…
Q: 1. Classify the above costs into variable costs, fixed costs and mixed costs. Use high-low method to…
A: 1. Fixed Costs - These are costs which do not change in the change in the level of activity. These…
Q: Melissa recently paid $640 for round-trip airfare to San Francisco to attend a business conference…
A: Given: - Registration for conference = $590 Miles drove = 107 miles Parking fees = $181
Q: Allowance for Doubtful Accounts has a debit balance of $1,653 at the end of the year (before…
A: Lets understand the basics. Journal entry is required to make to record event and transaction in…
Q: The forward rate is 0.8500-0.8650 euros to the 1$ What will a euro 2,000 receipt be converted to at…
A: As per forward rate, the sell rate is 0.865 If 2000 euros converted to $ at forward rate then it…
Q: 1- On Mar 1, the company borrowed $360,000 from a local bank on a 10-years mortgage with annual…
A: The act of recording or keeping track of any financial or non-financial action is referred to as a…
Q: Increase (Decrease) (Decrease) Cash $79,000 Accounts Payable $(51,000) Accounts Receivable (net)…
A: Changes in stockholders equity can be found out by subtracting the change in assets with change in…
Q: Over the past year Meredith and Shunt Manufacturing had an average quarterly sales for the past 5…
A: Total average= Total seasonal average/4 Seasonal index= Season average/Total average
Q: c. Cost Control The partners believed that controlling cost is critical to their long term…
A: Cost Accounting- A cost accounting system is a type of perpetual inventory accounting system that is…
Q: Question 4 dzio erit aterize of aldol sit mor A CNC machine centre costs £100,000. Its value…
A: X = 1.1 Therefore, depreciation rate is 10% Y = 2 years Cost of CNC machine = 100,000 Depreciation…
Q: What is the purpose of depreciation
A: The depreciation expense is charged on fixed assets as reduced value of the fixed asset with usage…
Q: ew merchandising business, Dazzle Corporation started its operations last January 1, 2020. Presented…
A: Income Statement: This statement is also known as Statement of Profit and Loss or Profit and Loss…
Q: Sunshine Corp. was organized on Jan. 1 with authorization of 20,000 shares of $5 preferred stock,…
A: The journal entries are prepared to keep the record of day to day transactions of the business of…
Q: FIND: Assume that the rework is due to customer’s specifications: How much should be charged to…
A: 1) The Amount that should be charged to work in process to record production before rework: Material…
Step by step
Solved in 2 steps
- Stockholders equity consists of which of the following? A. bonds payable B. retained earnings and accounts receivable C. retained earnings and paid-in capital D. discounts and premiums on bond payableWhich is a component of stockholder's equity? a. Sinking funds b. Deferred charges c. Accumulated other comprehensive income d. Realized capitalCapital structure refers to Select one: a. Total assets minus Liabilities b. Shareholders' equity c. Long-term debt, preferred stock, and common stock equity d. Current assets and Current liabilities
- Questions: 1. Return on total assets 2. Return on common stockholder's equity 3. Book value per shareThe return on equity is calculated using which of the following formulas? Multiple Choice Net income Stockholders' equity Net income - Average stockholders' equity Net income ÷ Common Stock Net income ÷ Retained earningsD) return on common stockholders equity.
- What are the distributions to the stockholders by a firm called? A. retained earningsB. net incomeC. dividendsD. capital paymentsWhich of the following may take the form of dividend income and/or capital appreciation? a. bond investments b.gain from an investment c.equity investments d.expected rate of returnStockholders’ equity consists of which of the following?A. bonds payableB. retained earnings and accounts receivableC. retained earnings and paid-in capitalD. discounts and premiums on bond payable
- Return on Capiatal employed = O a. Return on Total Assets O b. Return on Equity Oc. Return on Investment O d. Return on Equity CapitalThe return on equity is calculated using which of the following formulas? Multiple Cholce Net Income - Common Stock Net Income + Retalned earnings Net Income + Stockholders' equity Net Income - Average stockholders' equityMatch each of the following terms with the correct definition: a. additional paid-in capitalb. issued and outstandingc. retained earningsd. treasury stocke. authorized share capitalf. par value Correct Definitions:A. The price at which each share is recorded in the company’s booksB. Held by investorsC. Cumulative amount of profits that have been plowed backD. The difference between the amount of cash raised by an equity issue and the par value of the issueE. The maximum number of shares that can be issued without shareholder approvalF. The amount that the company has spent buying back stock that it has not subsequently resold