Issuing 25,000 shares of $5 par value common stock for $20 per share.
Cash (25,000 x 20) 500,000
Common stock (25,000 x 5) 125,000
Additional Paid-In Capital (25,000 x 15) 375,000
The net loss will only be reflected as a deduction from retained earnings. Retained earnings is where the net income or net loss of the company will be under in the year-end balance sheet. It is the balance of all income and loss the company has since its inception.
Answer:
$840
Explanation:
the question misses an important detail, number of motors.
I used 10 as the total number of cars. from the solution i believe you would be able to solve any other problem of this sort yourself.
n = 10
p = 1-probability of any 1 motor being defective
= 1-0.08
= 0.92
going further in solving this problem, i will use the binomial distribution
we have expected value as;
Σxp(x)
= $100 x p(of 100) - $100 x p(of losing 100)
= 100(0.92) - 100(0.08)
= 92 - 8
= $84
from here we multiply 84$ by n
remember n = total number of cars = 10
10 x $84
= <u>$840</u>
Answer:
The statement is: False.
Explanation:
Many people have the wrong idea that writing long paragraphs is better to provide a more professional look to a study or report. However, in business especially, the optimal rule to follow is to be short and concise. Managers need information that will help them make decisions. Thus, the data provided must give clear conclusions from where the decisions can be taken. Wordy reports seem unuseful for that purpose.
Answer:
It should be reported in the notes to the financial statements as a noncash transaction
Explanation:
