Given:
<span>stockton company adjusted trial balance december 31
cash 7,530
accounts receivable 2,100
prepaid expenses 700
equipment 13,700
accumulated depreciation 1,100
accounts payable 1,900
notes payable 4,300
common stock 1,000
retained earnings 12,940
dividends 790
fees earned 9,250
wages expense 2,500
rent expense 1,960
utilities expense 775
depreciation expense 250
miscellaneous expense 185
To determine the total assets, we only have to consider the following:
</span>cash 7,530
accounts receivable 2,100
prepaid expenses 700
equipment 13,700
<span>accumulated depreciation <u> (1,100) </u>
</span>Total assets: 22,930 CHOICE D.
NET INCOME:
fees earned 9,250
<span>wages expense (2,500) </span>
<span>rent expense (1,960) </span>
<span>utilities expense (775) </span>
<span>depreciation expense (250) </span>
<span>miscellaneous expense <u> (185)</u>
</span><span>Net Income 3,580
LIABILITIES AND S.H.E
</span>accounts payable 1,900
<span>notes payable 4,300 </span>
<span>common stock 1,000 </span>
<span>retained earnings 12,940 </span>
<span>dividends (790)
</span>Net Income <u> 3,580</u>
TOTAL LIABILITIES & SHE 22,930
The options are:
The Virginia police arrest Gene in Texas and take him to Virginia.
HThe Virginia police arrest Gene in Texas and take him to Virginia.
Helen could disguise her voice and phone Gene, telling him he has won $10,000 and must pick up the money in Richmond, Virginia, then have him served in Richmond.
Helen could have Gene served with a summons while he is driving through Tennessee.
Helen can have Gene served with a summons in Texas and he must appear in Virginia court.
Helen could disguise her voice and phone Gene, telling him he has won $10,000 and must pick up the money in Richmond, Virginia, then have him served in Richmond.
Helen could have Gene served with a summons while he is driving through Tennessee.
Helen can have Gene served with a summons in Texas and he must appear in Virginia court.
Answer:
Helen could disguise her voice and phone Gene, telling him he has won $10,000 and must pick up the money in Richmond, Virginia, then have him served in Richmond.
Explanation:
Since Gene is suing Gene in a Virginia State court, Gene must be served in Virginia where the court has jurisdiction. If the case was on Federal Court he could have been served in any state.
Helen has to convince Gene to come to Virginia. She can do this by calling him and saying he has won some money in Richmond, Virginia. When he is in Virginia he can now be served.
Answer:
In a Chapter 11 bankruptcy, a class of creditors is considered to have accepted the bankruptcy plan when:
one-half of the class in number and two-thirds of the class in dollar amount agree.
Explanation:
In a Chapter 7 bankruptcy, the business assets are liquidated to pay the creditors. In a Chapter 11 bankruptcy, the business assets are not liquidated. Instead, the business is refinanced as the assets and debts are reorganized, making it possible for the continued existence of the business. This is the reason the agreement of the creditors are usually paramount in the decision to undergo a Chapter 11 bankruptcy, unlike a Chapter 7 bankruptcy.
True. This demonstrates that buyer has confidence on buying products that are branded. She has trust that the product can satisfy her because the brand already earned a reputation in its field. It also shows that she passed scrutiny on the bought product.
