Answer:
Option (d) is correct.
Explanation:
Given that,
Beginning common stock = $98,300
Common stock sold = $25,700
Beginning balance of retained earnings = ($42,100)
Net Income = $21,100
Dividends = $7,000
Ending balance of common stock:
= Beginning common stock + Common stock sold
= $98,300 + $25,700
= $124,000
Ending balance of retained earnings:
= Beginning balance + Net Income - Dividends
= ($42,100) + $21,100 - $7,000
= $28,000 debit
Ending balance of total stockholder's equity account:
= Ending balance of common stock + Ending balance of retained earnings
= $124,000 - $28,000
= $96,000
True, because its better for to know ahead than to sc**w your self over in the long run
<span>Accountants must abide by a strict code of ethics that defines their responsibilities to their clients and to the public interest. Hope this answers the question. Have a nice day. Feel free to ask more questions. Thank you.</span>
Answer:
Deductible interest expense of $1440 and deductible education expense of $4000.
Explanation:
There are certain tax laws which allows a tax payer to deduct his expenses from the taxable amount. The tax payer can deduct interest expense from the taxable amount since it is a tax shield. Lionel can deduct an interest expense of $1440 from the taxable amount and he can deduct $4000 for his education from the taxable amount.
Answer:
A company's net profit tells you how much money the company has left over after subtracting all expenses.
Explanation:
A net profit, is when all of the companies money is spent on the things they need... and then it shows you what is left over. A company's profit is called net income or net profit. Net profit or income, is the total money remaining after accounting all of the cash flows, positive and negative numbers included.
Hope this helps! Brainliest plz? :)
