<u>Calculation of amount of stockholders' equity at the end of the year:</u>
At the beginning of the year, Morales Company had total assets of $816,000 and total assets increased $178,000 during the year, hence Total Assets at the end of the year shall be 816000+178000 = $994,000
At the beginning of the year, Morales Company had total liabilities of $526,000 and total liabilities decreased $82,000 during the year. Hence Total Liabilities at the end of the year shall be 526000-82000 = $444,000
Now we can calculate amount of stockholders' equity at the end of the year as follows:
Equity = Assets – Liabilities
= 994,000-444,000
= $550,000
Hence, the amount of stockholders' equity at the end of the year shall be <u>$550,000</u>
The differences between Lila and Jillian's businesses are based on what they offer to the public, since one offers products and the other offers services, which makes their businesses different.
<h3>What is a product-based business?</h3>
A product-based business is a type of business in which the main purpose is to offer a specific product to the public, for example:
- Beauty products.
- Sport products.
- School products.
- Construction products.
<h3>What is a service-based business?</h3>
A service-based business is a type of business in which the main purpose is to offer a specific service to the public, for example:
- Satellite television service.
- Legal advice service.
- Sports training service.
- Nutrition service.
Based on the above, it can be inferred that the discussions between Lila and Jillian can include very varied topics because their businesses are different because they involve different value chains.
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The answer is A: Long-run aggregate supply curve.
True, an initial public offering (IPO) represents the first time a corporation's stock is offered and sold to persons outside of the company.
An initial public offering(IPO) or stock release is a public providing wherein stocks of an employer are offered to institutional investors and normally also to retail traders. An IPO is commonly underwritten by one or greater funding banks, who also arrange for the stocks to be indexed on one or extra stock exchanges.
Via IPO, colloquially known as floating, or going public, a privately held organization is transformed into a public organization. preliminary public offerings may be used to elevate new equity capital for companies, to monetize the investments of personal shareholders such as agency founders or personal equity buyers, and to permit smooth buying and selling of existing holdings or destiny capital elevating with the aid of becoming publicly traded.
A stock is a popular term used to describe the ownership certificates of any organization. A percentage, then again, refers to the stock certificate of a particular business enterprise. preserving a specific organization's share makes you a shareholder.
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Answer:
a) $0
b) $4,000
Explanation:
a)
No deduction will be allowed to samantha for the amount spent on CPA exam review course.
So, Samantha can deduct $0.
b)
Under section 222 of IRS Code, maximum amount of deduction allowed to tax payer (whose adjusted gross income is less than $65,000) on account of tuition fees and other education expenses is $4,000.
So, Samantha can deduct $4,000.
Hope this helps!
