Answer:
The authorized common stock shares remain 1,000,000 shares.
Explanation:
The authorized shares are not affected by movements in the shares, like issue of shares, repurchase, and resale of treasury stock shares. The authorized shares, therefore, represent the number of shares that the company is legally bound to issue without exceeding. The implication is that the company is free to issue shares less than or equal to the authorized shares, but it may not issue more than the authorized until it obtains a new authorization.
The movements are accounted for in separate accounts called Issued Common Stock Account and Treasury Stock Account. The treasury stock account is a contra account to the Common Stock.
Answer:
The correct answer is A.
Explanation:
Giving the following information:
Dubberly Corporation's cost formula for its manufacturing overhead is $31,100 per month plus $50 per machine-hour. For March, the company planned for activity of 8,000 machine-hours, but the actual level of activity was 7,930 machine-hours. The actual manufacturing overhead for the month was $454,110.
activity variance for manufacturing overhead= (50*8000) - (454,110 - 31,100)= 23,010 unfavorable.
Answer:
The correct answer is A. Mortgages are loans, whereas mortgage-backed securities are bond-like debt instruments.
Explanation:
The mortgage loan is the product that allows you to have the necessary amount to buy or rehabilitate a home or other property.
As we said, credit institutions require a guarantee before granting a loan. In the case of mortgages, the owner of the loan guarantees the property itself (mortgage), which will be passed to the financial institution in case of default. In addition to this mortgage guarantee you offer, as in a personal loan, your personal guarantee.
On May 1, Pierce Company purchased $60,000 of Stanton Company's 12% bonds at 100 plus accrued interest of $2,400. On June 30, Pierce received its first semiannual interest. On February 1, Pierce sold $50,000 of the bonds at 103 plus accrued interest.
The journal entry Pierce will record on February 1 will include the total proceeds from the February 1 sale credit to Gain on Sale of Investments for $1,500
(this would also include a
Dr: Cash for $51,500
Cr: Investment-Stanton Company for $50,000)
Interest is the monetary fee for the privilege of borrowing money, usually expressed as an annual rate (APR). Interest is the amount a lender or financial institution receives for lending money.
In finance and economics, interest is a payment made by a borrower or deposit-taking financial institution to a lender or depositor in excess of the repayment of principal at a specified rate. It is different from a fee that a borrower can pay to a lender or a third party. Interest is usually given as an annual percentage of the loan amount. This percentage is called the interest rate on the loan. For example, if you deposit money in a savings account, the bank will pay you interest. Banks pay you to hold your money and use it to invest in other transactions.
Learn more about interest here
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The answer you are looking for is IMPLIED CONSENT.
