Answer:
The preparation is presented below:
Explanation:
The preparation of the stockholder equity section of the balance sheet is presented below:
Common stock $1,900,000
Add: Additional paid in capital $16,100,000
Total paid in capital $18,000,000
Add: Retained earnings $9,100,000
Less: Treasury stock - $902,000
Total stockholders equity $26,198,000
We simply added the additional capital and retained earning and deduct the treasury stock so that the correct value could arrive
Answer:
The current ration for 2018 will be "1.55".
Explanation:
The given values are:
The total current assets of 2018 is:
= $310,000
The total current liabilities of 2018 is:
= $200,000
Now,
The current ratio of 2018 will be:
=
On substituting the estimated values in the above formula, we get
=
=
Answer:
the acid-test ratio is 0.75 times
Explanation:
The computation of the acid-test ratio is shown below:
We know that
Acid-test ratio is
= Quick assets ÷ current liabilities
= $6,123,000 ÷ $8,144,000
= 0.75 times
Hence, the acid-test ratio is 0.75 times
basically we divided the quick assets from the current liabilities so that the acid-test ratio could come
Answer:
AIDA stands for: attention, interest, desire, and action
Two of the major advantages of a pass-through entity are that investors can assume the tax deductions and losses earnings.
An option to lower taxable income is a tax deduction. A standard deduction is a single, predetermined deduction. Higher-income taxpayers frequently have considerable deductible expenses, such as state and local taxes paid, mortgage interest, and charitable contributions, which is why itemized deductions are popular.
Any expense that is deemed "ordinary, necessary, and reasonable" and aids in the revenue generation of a firm is tax deductible. Usually, it is subtracted from the business's income before taxes.
Learn more about tax deduction here
brainly.com/question/17395659
#SPJ4