Answer:
1) The net income for the period ended December 31, 2018, is 68103.
2)The total liabilities and stockholders equity is 261615.
Explanation:
1) 1920 sales revenue is an unearned revenue since delivery will be made in 2019
Interest payable on note oct 1 :Interest =
[1 Oct - 31 Dec]
Interest receivable on march 1 :Interest=
[1 Mar -31 -Dec]
Supplies used = 1850 unadjusted -980 ending inventory = 870
Insurance expired for the period =
[1april -31 dec ]
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Answer: Option D
Explanation: In financial economics, the effective-market theory is a theory that asset values represent all available data. Strong inference is that this is difficult to reliably "outperform the market" on a threat-adjusted basis because market rates will respond only to new data.
Thus, consumer valuation is always taken into consideration as the prices are determined by the m,market forces which are dependent on consumer valuation.
In such markets resources are allocated to most efficient firms who are capable to make maximum output result.
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