In terms of communicative competency, effective leaders attempt to force their own ideas into group discussions.

Flow of Accounts into Financial StatementsThe balances for the accounts that follow appear in the Adjusted Trial Balance columns

Drupady [299]

Answer:

Explanation:

The income statement records only revenues and the expenses during a given period of time

The balance sheet records the assets, liabilities and the stockholder equity

Where

The current assets comprise cash, stock, account receivable, etc

Fixed assets involve plant & machinery, land, building, equipment, furniture & fittings, etc.

And, the intangible assets include patents, copyrights, trademark, and other intellectual properties.

The current liabilities include the wage payable, account payable, unearned rent, etc

The stockholder equity represents the capital account

So, the categorization is shown below:

1. Accounts Payable = Balance sheet in a current liabilities side

2. Depreciation Expense = Income statement in the debit side

3. Nat Hager, Capital (beginning of period) = statement of owner's equity

4. Office Equipment = Fixed assets in the balance sheet

5. Rent Revenue = Income statement on the credit side

6. Supplies Expense = Income statement in the debit side

7. Unearned Rent = Balance sheet in a current liabilities side

8. Wages Payable = Balance sheet in a current liabilities side

4 0

3 years ago

Denber Co. acquired 60% of the common stock of Kailey Corp. on September 1, 2019. For 2019, Kailey reported revenues of $810,000

777dan777 [17]

Answer:

correct option is b. $22,000

Explanation:

given data

reported revenues = $810,000

expenses = $630,000

annual amount of amortization = $15,000

solution

we get here net income 2019 is

net income 2019 = revenue - expenses - amortization ........1

put here value

net income 2019 = $810,000 - $630,000 - $15,000

net income 2019 = $165,000

and

as here acquired stock on September

so we get here income for September to December that is

net income = $165,000 × $\frac{4}{12}$

net income = $55000

and

non controlling interest is

non controlling interest = 40% of $55000

non controlling interest = $22,000

so correct option is b. $22,000

5 0

4 years ago

Scubapro Corporation currently has 500,000 shares of common stock outstanding and plans to issue 200,000 more shares in a season

Ivan

Answer:

Scubapro Corporation

The investor who currently has 20,000 shares has the right to buy this number of shares, if she exercises her preemptive right:

E) 8,000 shares.

Explanation:

Data and Calculations:

Outstanding common stock = 500,000

Planned issue of additional shares = 200,000

Proportion of new issue to outstanding = 0.40 (200,000/500,000)

For an investor with 20,000 shares, she has the right to buy 8,000 (20,000 * 0.40) additional shares.

3 0

3 years ago

Bacchus Enterprises has $12B in book value of common stock selling at a book to market rate of 1.35 and a beta of 1.5. The combi

goldfiish [28.3K]

Answer: 16.3%

Explanation:

Given the details in the question, the cost of preferred capital can be calculated using the CAPM method.

Cost of preferred stock using the Capital Asset Pricing Model is:

= Risk free rate + Beta * ( Market return - Risk free rate)

= 4% + 1.23 * (14% - 4%)

= 16.3%

7 0

3 years ago

Question 14 of 20

charle [14.2K]

Answer:

C

Explanation:

8 0

3 years ago