Answer:
A <u>customs union</u> is an intermediate step in the transition from a free trade area to a common market.
Answer:
The answer is D.
Explanation:
Value of cash received is :
10,000 shares x $75
=$750,000
And that's a debit as it is shown in the question because cash was received.
Now the credit side.
Value of preferred stock is $50
So we have:
$50 x 10,000 shares
=$500,000 preferred shares.
Paid-in Capital in Excess of Par ValuePreferred Stock is $25 ($75 -$50)
So the value will be $25 x $10,000
=$250,000
Making decisions are always an important part. But failure in making decision may cause something unexpected. in most of the time a right decision at right time helps a lot... so for making a good decision one should follow some steps- like what are the good aspect if someone take this decision and what are the negative impact of this decision and if the probability of positiveness is more... than one should take that decision.. and if someone have confusion between what to do? and have to decide which decision to take among many ideas in mind one should do the same steps but this time he/she should write them in a page for each decision a single page and than take the one which is prominent..
Answer: I don’t think there’s anything else, maybe That’s why a lot of people don’t like baruto because it’s kinda unfinished.
Explanation:
Answer:
Lake Co.
Current Liability for Advances from Customers in Dec. 31, 2021 balance sheet:
Amount to report as current liability for advances from customers:
= $127
Explanation:
Advances from Customers:
Dec. 31, 2020 balance $120
Cash received 189
Total liability $309
Earned Revenue 182
Current liability $127
Advances, which Lake Co., received from customers for orders not yet fulfilled are recorded as deferred revenue or liabilities because Lake Co. is still owing the respective customers until the services or goods are provided. Earned Revenue is the value of revenue that would be reported in the income summary for which exchange of value or promises had been completed.
