Answer: Im not doing the math but Option 2 is the better option
Explanation:
Answer:
Dr Cash 800,100
Cr Preferred stock 622,300
Cr Additional paid in capital, preferred stock 177,800
Explanation:
Preferred stocks and common stocks are part of stockholders' equity. Whenever they are sold above par value, the difference must be recorded as additional paid in capital. You must also specify which stocks were sold at a higher value.
Answer:
ABC net income for the year is $42,500
Explanation:
Beginning total assets = $400,000
Ending total assets = $450,000
Average total assets = Beginning total assets + Ending total assets ÷ 2
= ($400,000 + $450,000) ÷ 2
= $425,000
Return on assets = 10%
Therefore,
Net income ÷ Average total assets = Return on assets
Net income = Return on assets × Average total assets
Net income = 0.1 × Average total assets
= $425,000 × 0.1
= $42,500
Answer:
Boston
Explanation:
Based on the information provided within the question it can be said that A similar concentration has appeared around the city of Boston in the eastern United States of America. Similar to how "Silicon Valley" started, Boston has seen a drastic increase in Startup companies setting up shop in their city. This large amount of startups has attracted a lot of tech savy individuals to Boston and has created a similar environment to Silicon Valley.
