1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Alona [7]
3 years ago
11

Sujo Ltd. commenced operations in early 2019. The company incurred HK$60,000,000 of costs such as fees to underwriters, legal fe

es, governmental fees, and promotional expenditures during its formation. Prepare journal entries to record the HK$60,000,000 expenditure and 2019 amortization, if any.
Business
1 answer:
love history [14]3 years ago
3 0

Answer:

Explanation:

Dr Organization Expense 60mill

Cr Cash                                       60mill

You might be interested in
Is the cost of equity calculated from the CAPM model, pre -tax or post-tax?
Natasha_Volkova [10]
The existence of pre-tax cost of debt and post-tax cost of debt is due to the acknoledgement of the tax benefit from issuing debt.There is no tax benefit from paying divdends,so it makes no sense talking about pre-tax,post-tax cost of equity for a firm.When you think about cash flow to equity you can only assume that the taxes owed by the company have already been paid.Now, the taxation over the income of the shareholder is a whole different issue that does not take place in this discussion,since it is not taken in consideration either in cost of equity or cost of debt.
3 0
3 years ago
Hurricane Industries had a net income of $129,650 and paid 40 percent of this amount to shareholders in dividends. During the ye
oksano4ka [1.4K]

Answer:

a. 28390

Explanation:

Stockholders cash flow is the net of cash inflows from stockholders and cash outflows to stockholders.

Net Income = $129,650

Payout Ratio = 40%

Cash outflow

Amount of Dividend Paid = $129,650 x 40% = $51,860

Cash Inflow

Common stock issue = $80,250

Net Stockholder's cash flow = $80,250 - $51,860

Net Stockholder's cash flow = $28,390

8 0
2 years ago
Read 2 more answers
Consumer demand for personal computers or smart devices ultimately determines the demand for the parts and materials involved in
Aliun [14]

Answer:

The correct answer is c. Derived demand .

Explanation:

Derived demand is the demand for goods and services that is generated as a result of the demand for other goods and services. This type of demand usually corresponds to the demand for factors or products, since the demand for a good or service may be related to the process necessary to produce another good or service, although it can affect both producers and consumers.

Derived demand can sometimes lead to an increase in the price of a marginal product, since the demand for the resources needed to produce a physical product also increases.

8 0
2 years ago
From 1970 to 1998 the U.S. dollar Group of answer choices gained value compared to the Italian lira because inflation was higher
balu736 [363]

Answer:

A. Gained value compared to the Italian lira because inflation was higher in Italy.

Explanation:

8 0
3 years ago
If you calculate the cost of attendance (COA) at an institute of higher
lutik1710 [3]
The answer is tuition fees, room and board, books, supplies and other expenses.
6 0
2 years ago
Other questions:
  • Glavine Company issues 6,000 shares of its $5 par value common stock having a fair value of $25 per share and 9,000 shares of it
    10·1 answer
  • December 31 Total assets Total liabilities
    13·1 answer
  • A company must decide between scrapping or reworking units that do not pass inspection. The company has 16,000 defective units t
    12·1 answer
  • Billy owes a liquidated debt of $3000 to Rayna, his personal weight trainer. Billy sends Rayna a check for $300 on which he has
    9·1 answer
  • Describe a product, and then give an example of a time when the demand for this product night be high and the demand for this pr
    7·1 answer
  • What is a panel discussion
    12·1 answer
  • If the price of chicken feed decreases, the supply of chicken nuggets will shift
    12·1 answer
  • The growth of GDP may understate changes in the economy's economic well-being over time if the:
    13·2 answers
  • What is the study of business​
    11·2 answers
  • You gave some clothes for. dry cleaning. Your suit was spoiled you went to the dry cleaner and made the compliant .
    14·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!