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VLD [36.1K]
2 years ago
7

Company x receives $10,000 from issuing common stock to its owners. the effect on the accounting equation is a(n) _____. (check

all that apply.)
Business
1 answer:
Varvara68 [4.7K]2 years ago
3 0

The effect on the accounting equation is a(n): increase in assets and equity by $10,000 each

What is accounting equation?

The accounting equation shows that all assets of a company are financed by combination of equity of the owners(an increase in equity of $10,000 in this case) and the liabilities, which are funds provided by external financiers.

In this case, the receipt of $10,000 from common stock issuance means that the cash balance, which is an asset has increased by $10,000, also, the equity of the owners has also increased by the same amount.

Find out more about accounting equation on:brainly.com/question/17090843

#SPJ1

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Managing because it's non profit
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The United States Bureau of Labor Statistics (BLS) conducts the Quarterly Census of Employment and Wages (QCEW) and reports a va
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Answer for the question:

The United States Bureau of Labor Statistics (BLS) conducts the Quarterly Census of Employment and Wages (QCEW) and reports a variety of information on each county in America. In the third quarter of 2016, the QCEW reported the total taxable earnings, in millions, of all wage earners in all 3222 counties in America.

is given in the attachment.

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7 0
3 years ago
Wildhorse Company accumulates the following data concerning a mixed cost, using miles as the activity level. Miles Driven Total
tangare [24]

Answer:

Variable cost per unit= $1.4 per unit

Explanation:

Giving the following information:

Miles Driven Total Cost Miles Driven Total Cost

January: 8,000 $14,120

March: 8,550 $14,979

February: 7,490 $13,495

April: 8,195 $14,490

To calculate the variable cost under the high-low method, we need to use the following formula:

Variable cost per unit= (Highest activity cost - Lowest activity cost)/ (Highest activity units - Lowest activity units)

Variable cost per unit= (14,979 - 13,495) / (8,550 - 7,490)

Variable cost per unit= $1.4 per unit

7 0
3 years ago
Bob was married to Sandy, and they have a 12-year-old son. Sandy passed away last year. Bob needs to complete his federal income
lukranit [14]

Answer:

Qualifying widower with a dependent child

Explanation:

By filing as a widower with dependent child (the child is a necessary qualification requirement), Bob can use the same tax bracket and retain the same benefits as filing as married. This means that his income will be taxed at a lower rate than if he had filed as single, and he will obtain the same deduction as a married couple (twice the deduction for a single filer).

6 0
3 years ago
Dunphy Company issued $20,000 of 8.5%, 10-year bonds at par value on January 1. Interest is paid semiannually each June 30 and D
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Answer:

(a)

January 1  Cash                      20000 Dr

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(b)

June 30    Interest expense    850 Dr

                          Cash                       850 Dr

Explanation:

a.

The bonds are issued at par value thus full cash equal to the par value of these bonds will be received on the issuance date.

b.

The ineterst is paid at 8.5% annually. The annual interest oayment equals 20000 * 0.085 = 1700

As this is paid semiannually in equal installments, the semi annual payment for interest on June 30 will be 1700 / 2 = $850

4 0
3 years ago
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