Answer:
d.$8,327
Explanation:
The computation of the amount used in the adjusting entry is shown below:
= Beginning balance of office supplies + supplies purchased - ending balance of office supplies
= $7,362 + $3,421 - $2,456
= $8,327
The adjusting entry is
Supplies expense $8,327
To Supplies A/c $8,327
(Being the supplies expense is recorded)
For recording this transaction we debited the supplies expense as it increased the expense account and credited the supplies account as it reduced the asset account
<span>They can file the bankruptcy code under chapter 11.
</span>This chapter of the Bankruptcy Code generally provides for reorganization, usually involving a corporation or partnership. A chapter 11 debtor usually proposes a plan of reorganization to keep its business alive and pay creditors over time. People in business or individuals can also seek relief in chapter 11<span>.
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I hope my answer has come to your help. God bless and have a nice day ahead!
Answer:
Under the installment sales method, the total contract price is $85,000
gain on the sale is $58,800 ( 85,000 + 15,000 - 40,000 - 1,200)
and the amount of gain reported in 2018 is $3,459.
Answer:
d) 89.0
Explanation:
The value of the company today is the present value of its cash flows in perpetuity which is the cash flows divided by the required rate of return.
value of the firm=$1000/10%=$10,000
share price=value of the firm/shares outstanding
share price=$10,000/100=$100
number of shares to be repurchased=$1000/$100=10
number of shares after repurchase=100-10=90
note that when 90.91 is rounded to a whole, it turns out to be 92 while 89 is rounded to 90
