Answer:
$21,950
Explanation:
Based on the information given Assuming both of them do not live in a community property state Eugene's taxable income will be calculated as:
Income Earned (Velma) $30,000
Less Eugene's itemized deductions ($4,000)
Less Standard deduction ($4,050)
Eugene's taxable income$21,950
Therefore Eugene's taxable income will be $21,950
Answer:
The correct option is the acquisition of these treasury shares decreased total stockholders' equity.
Explanation:
Initially the total stockholders' equity is $133,900
($13*10,300) which comprised of $82,400 common stock ($8*10,300) $51,500 paid in capital in capital in excess of par value.
By repurchasing 1,030 treasury stock at $10,the total stockholders' equity decrease by $10,300,which leaves a balance of $123,600 ($133,900-$10,300).
In other words,the first option is the correct choice of answer
Answer and Explanation:
Please find answer and explanation attached
Answer:
The correct answer is post the information to the ledger.
Explanation:
In accounting, the general ledger is a document where all the transactions of corporations are recorded in chronological order. Each account must have a different book, which must be affected each time the accounts are involved in this process. These records make it possible to know the movements in a more detailed way, since unlike the journal in this case, only a single group of accounts is known and not the whole.
