Answer and Explanation:
The journal entries are shown below;
On March 1
Cash A/c $303,500
To Common Stock $3 Par value (44,500 × $3) $133,500
To Paid in capital in excess of par value $170,000
(Being the common stock issued is recorded)
On April 1
Cash $74,000
To Common Stock, no par value $74,000
(Being the common stock issued is recorded)
On April 6
Inventory $43,000
Machinery $155,000
To Common Stock (2,400 ×$20) $48,000
To Notes payable $93,000
To Paid in capital in excess of par value $57,000
(Being the shares are issued)
Explanation:
what is the first tink sol do you with your money ? g i v e TRUE ore false You should save first , give second and sens third false
Answer:
Please find the detailed answer as follows:
Explanation:
Step 1. Given information.
Carrying amount 310.000
Fair Value 160.000
Step 2. Formulas needed to solve the exercise.
Impairment loss = Carrying value - Fair Value
Step 3. Calculation.
Impairment loss = $310.000 - $116.000 = $194.000.
Step 4. Solution.
The carrying amount of $310.000 > fair value of $160.000. To measure the impairment loss, just do CV-FV. hence $310.000 - $116.000 = $194.000.
Loss on impairment $194.000
Patent $194.000
Answer:
The correct answer is D
Explanation:
Empirical rule is the rule in statistics, which defined as that for the normal distribution, that is as:
68% of the data fall under one standard deviation of mean.
Data which is 95% lie under the two standard deviations of the mean.
Data (All) which is 99.7% lie under the three standard deviations of the mean.
So, in this case, the sample mean fall under second category, which is as:
= Sample mean ± 2 (Standard deviation)
= $150 ± 2($20)
= $150 ± $40
= $150 + $40 and $150 - $40
= $190 and $110
