Answer:
The correct entries would as follows:
Dr Organization/legal fees(3000*$4.5) $13,500
Cr Common stock($1*3000) $3,000
Cr paid in capital in excess of par($4.5-$1)*3000)) $10,500
Explanation:
The total cost incurred has increased to $13,500 since the stock needs to be recorded at its fair value on the date of the agreement and the approximate fair value is the market price.
As a result,legal fees expenses is debited with $13,500 while the common stock account is credited with par value of $1 per share and the excess over par value of $3.5 is credited to paid in capital in excess of par.
Answer:
AT&T was accused of selling real-time customer data and location.
Explanation:
Electronic Frontier Foundation (EFF) and Pierce Bainbridge Beck Price & Hecht LLP will file a class action lawsuit against AT&T on behalf of some of their clients.
The legal remedy is before a court in California with the aim of preventing AT&T and two companies specialized in aggregating data that can have unauthorized access to information and even the real-time location of the company's mobile clients telecommunications. According to the information, EFF alleges that AT&T sold the real-time geolocation data of the clients to credit agencies, bonds and other third parties without the required client's consent and without any legal authority.
Answer: The basic tendencies in personality are in the following case:
1. Carol
2. Devon
and the characteristic adaptions are as follows:
1. Bob
2. Lauren
3. Jeanne
Explanation: Characteristic adaptions are the changes in the behavior with the change in situational demands based on skills and roles. It includes the motives, plans, goals, strategies,values, developmental tasks, etc. It represents the psychological core of the individual.
Traits theorists believe that personality can be studied on the basis of habits, trend or characteristics. Trait theory of personality says that the personality is based biologically.
Answer: $200
Explanation:
To qualify as a Casualty loss, the event that led to the damage or destruction must have been unexpected such as an accident, hurricane, fire etc.
When calculating for the Casualty loss deduction, we simply deduct the money received from the insurance from the Adjusted basis,
Casualty loss deduction = Adjusted basis - Cash received from the Insurance company
= $14,000 - $10,000
= $4,000
Since it is After any limitations, we also deduct a cost per event floor of $100 and 10% of the AGI
=4,000 - 100 - (37,000*0.1)
= $200
Belinda's casualty loss deduction (after any limitations) is $200.
Answer:
Price of stock is $18.57
Explanation:
Dividend growth method measures the stock value by taking sum of present value of all future cash flows means present value of all future dividends.
Use following formula to calculate the price of stock
Price = Dividend / Rate of return - Growth rate
According to given data
Dividend = $1.30
Required rate of return = 12%
Growth rate = 5%
Price = $1.3 / ( 12% - 5% )
Price = $1.3 / 7%
Price = $18.57
