Answer:
The answer is: C)$3,000
Explanation:
The standalone selling price is the price at which the company would sell warranty separately to its customer. In this case we need to find the stand alone price of the discount option.
We first find the difference between regular price and the discount option:
$25 - $20 = $5
Then we multiply by the possibility of the discount sale happening (60%) and the total number of goods sold with the discount option.
= $5 x 60% x 1,000 fryers
= $3,000
Answer:
Results in a transfer of retained earnings to common stock and additional paid-in capital.
Explanation:
A stock dividend can be defined as the dividend which is distributed to shareholders on the basis of their percentage of ownership. Stock dividend is paid in form of shares and not in form of cash.
A stock dividend can also be described as a dividend payment paid by a company to its existing stakeholders from the profit or earnings that has been derived from the company during a financial year period.
The main advantage of stock dividend is that taxes will not be paid on the stock dividends until the shares have been sold.
Answer:
Abstraction
Explanation:
Abstraction can be defined as the doing way of some details that are not too necessary so that the main subject or features have maximum attention.
absstraction is very important in the aspect of object oriented programming
It should be noted that the process of paying attention to important properties while ignoring nonessential details is Abstraction.
The accounting period is also referred to as reporting period. It is the time period for which a company or organization make reports about its financial performance and financial results.
Calendar year is the accounting period that follows the regular calendar year, from January to December.
Accounting period is the general term that describes accounting periods.
Fiscal year or financial year is the general term used to describe an annual accounting period.
Accounting cycle on the other hand is the process of making the financial reports.
According to these definitions,
<span>he 12-month period a business chooses for its accounting period is a fiscal year.</span>
