Answer:
The question is not complete as the before information is missing:
Journalize the transactions and the closing entry for net income.
The journal showing the necessary entries in respect of share transactions that took place in the year as well as closing entry for net income are found in the attached spreadsheet.
Explanation:
Note that in determining the par value of the 5700 shares of treasury stock issued on the 14th April, reference is made to total par value of $52500 as well as total number of shares of 10500
Answer:
people will likely buy less cigarettes and liquor from them
Explanation:
Mark and Barry own the Warehouse Liquor Store in town. They are careful to pay all of their taxes in full and on time. Recently the local government has decided to raise the taxes imposed on the sale of cigarettes and liquor. Barry and Mark are upset about this because people will likely buy less cigarettes and liquor from them
The local government raising the tariff will cause their prices to go up thereby discouraging people form buying from themdue to the price hike
Answer:
1) 19 days
2) 109 days
Explanation:
1. Days of personal use = days in which he stayed in the house = 19
2. Days of rental use = actual days which was played for out days for elligible rent.
Where Fbr = favorite brother rent days = 11
Fbl = least favorite brother rent days = 12 days
Rfb = days of rent to friend = 14
Tpr = third party rent days = 72
Days of rental use = Fbr + Fbl + Rfb + Tpr = 11 + 12 + 14 +72 = 109days