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spin [16.1K]
1 year ago
6

Which of the following accounts are classified as shareholders' equity?

Business
1 answer:
vazorg [7]1 year ago
5 0

The following accounts which are classified as shareholders' equity are Additional paid-in capital, Common stock ,Retained earnings.

Option A, B, C is correct.

<h3>Shareholder Equity:</h3>

Shareholder Equity is the amount invested in the business by the owner of the business. This includes the money they have invested directly and the accumulation of earnings earned by the company that has been reinvested since its inception.

<h3>Is equity a liability or an asset?</h3>

Equity is the company's total assets minus total liabilities. It can be defined as the total amount of dollars that a company would be left with if it liquidated all its assets and paid off all its liabilities. This is then distributed to shareholders.

Learn more about shareholder equity:

brainly.com/question/14032844

#SPJ1

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Foyert Corp. requires a minimum $6,900 cash balance. If necessary, loans are taken to meet this requirement at a cost of 2% inte
tekilochka [14]

Answer:

answer is attached

Explanation:

     

Download xlsx
7 0
3 years ago
Journalize the following transactions for Powell Company using the gross method of accounting for sales discounts. Assume a perp
Marianna [84]

Answer:

Jan 7

Dr Cost of Good Sold     7,860

Cr Inventory                    7,860

(to record the cost of good sold)

Dr Account Receivable          13,100

Cr Revenue                            13,100

( to record revenue and receivable owed from Stewart)

Jan 13

Dr Sales Returns                  2,620

Cr Account Receivable       2,620

(to record sales return from Stewart)

Dr Inventory                      2,620

Cr Cost of good sold       2,620

(to record inventory returns and decrease in cost of good sold due to sales return from Stewart)

Jan 18

Dr Cash                                10,480

Cr Account Receivable      10,480

( to record full collection from Stewart after 11 days)

* further working note on Jan 18 transaction: As Stewart had return $2,620 sales; the Receivable from Stewart is just $10,480 ( 13,100 - 2,620). Also, the term of receivable is 5/10, n/30; the repayment after 10 days received from Steward is not eligible for discount.

Explanation:

3 0
3 years ago
On January 1, 2022, Austin Company received a 12-month, $100,000 note with a stated rate of 7%. On April 30, 2022, Austin discou
Olin [163]

Answer:

$101,293

Explanation:

$100,000 face amount + $7,000 interest to maturity ($100,000 x 7%) = maturity value less the discount for the time remaining to maturity of $5,707 ($107,000 x 8% x 8/12) = $101,293

8 0
2 years ago
An activity on a PERT network has these time estimates: optimistic =2, most likely = 3, and pessimistic 8. Its expected time and
Talja [164]

Answer:3.67,1

Explanation:

TE = (O + 4T + P) / 6

where,

TE = Pert Expected Time Duration,

O = Optimistic estimate, =2

T = Typical estimate,=3

P = Pessimistic estimate=8

TE = (O + 4T + P) / 6

=(2+4*3+8)/6

3.6666=3.67

σ = (P – O)/6

=(8-2)/6

=1

5 0
3 years ago
Franchisor supplies all of the following except
bija089 [108]

Franchisor supplies all of the following except land to place the 4 on.

Further Explanation:

Franchisor supplies:

So as to maintain your business the franchisor gives a nitty gritty tasks manual that incorporates directions for doing their working framework. It builds up the principles, benchmarks and details of the establishment and powers the franchisor to sort out and characterize explicit occupation duties and assignments.  

Points of interest for the franchisor:  

Advantages to the franchisor incorporate customary eminence installments, extension with decreased money related hazard, and a more noteworthy topographical nearness. Franchisee advantages incorporate lower chance, lower startup costs, existing brand acknowledgment, and parent organization showcasing support.  

The Franchisor's Process:  

The franchisor possesses the brand and the working framework that they permit to their franchisees. ... Incredible franchisors give preparing to new franchisees and their administration, and furthermore offer help in the preparation of the franchisee's staff.  

franchisor gain:

The franchisor does not procure salary exclusively from merchandise or administrations sold by the organization possessed organizations alone, yet in addition from establishment charges and sovereignties from the establishments they offer to franchisees.  

franchisor ought to give:

A franchisor will typically offer the accompanying help to a franchisee: Financial help. Not all franchisors offer money related help but rather some have financing programs accessible to franchisees.

Subject: business

Level: High School

Keywords: Franchisor supplies, Points of interest for the franchisor, The Franchisor's Process, franchisor gain, franchisor ought to give.  

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8 0
3 years ago
Read 2 more answers
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