Answer: a. Reports indicate that students are particularly vulnerable to these tactics. If you fail to pay off the balance, you end up paying much more than the original purchase price for your items.
Explanation:
Even though financial advice is usually tailormade for the individual, a financial expert would most likely give this advice to a student because students are indeed vulnerable to such tactics.
They would be more prone to spend more in the store as a result of the credit card and this will lead to them being unable to pay off balances which will then lead to them paying much more than the original price they would have paid.
Answer: the minimum of the range
Explanation:
From the question, we are informed that Denver Corporation has a probable loss that can only be reasonably estimated within a range of outcomes and that no single amount that is within the range is a better estimate than any other amount.
Based on the information that has been given in the question,the loss accrual should be the minimum of the range.
True I’m pretty sure that’s right
Answer:
A. March 1
Dr Cash $ $311,000
Cr Common Stock
$ 141000
Cr To Paid in Capital in Excess of Par $ 170,000
B.April , 01
Dr Cash $79,000
Cr Common Stock $79,000
C. April, 06
Dr Inventory $48,000
Dr Machienary $180,000
Cr To Note Payable $98,000
Cr Common Stock $58,000
Cr Paid in Capital in excess of par (Balancing Figure) $72,000
Explanation:
Preparation of the issuer's journal entry for each of the separate transactions.
A. March 1
Dr Cash $ $311,000
Cr Common Stock
(47,000 Shares " $ 3) $ 141000
Cr To Paid in Capital in Excess of Par $ 170,000
(311,000-141,000)
B.April , 01
Dr Cash $79,000
Cr Common Stock $79,000
C. April, 06
Dr Inventory $48,000
Dr Machienary $180,000
Cr To Note Payable $98,000
Cr Common Stock $58,000
(2,900 Shares * $ 20)
Cr Paid in Capital in excess of par (Balancing Figure) $72,000
($48,000+$180,000-$98,000-$58,000)