Answer:
Recognize the assessments as assessments receivable and revenue.
Explanation:
Practically, this will result in a receivable in the reserve fund, if the amounts are not received when due.
This could be seen when an/a corporation may decide on the amount of an assessment years before the cash is been used.
But cannot really obtain the revenue at the time of the decision, since the corporation can change its decision up until the day the amount is due. Also there are no specific parties being assessed, until the owner on record is known on the day the assessment is due, also the assessment should be recognized as revenue of the reserve fund when due.
Answer:
(1) The number of shares of common stock that Francis should use in calculating basic earnings per share for 2019 :
= 24000 + 3000 + 2000
= 29000
(2) Basic EPS for 2019
EPS = net income / outstanding shares
= 72500 / 29000
= 2.5
(3) Diluted EPS for 2019
Diluted EPS = (net income - preferred stock dividned )/ (Common Shares Outstanding + Unexercised Employee Stock Options + Convertible Preferred Stocks + Convertible Debt + Warrants)
= 72500/(29000+ 2500 + 250 )
= 2.28
Answer:
False
Explanation:
Merchandise inventory is the stock that company have to kept in its godown while the account receivable is that when company sold the goods on credit basis to the customer
So here the company could received the payment within 12 months it can be in within month also
So the given statement is false
Answer:
As the population ages, with proportionally more older people and fewer younger people, demand patterns shift and opportunities arise in new markets. That means some industries will suffer or need to undergo dramatic shifts to remain relevant.
Explanation:
Hold you foot on the brakes, put key in Ignition twist key Clockwise until the Engine Starts, then just let the key go, and your car is up and running
