Answer:
c. An agency relationship
Explanation:
An agency relationship is a mutual relationship, in which one person (i.e the principle ) gives a permission to an agent so as to act on their behalf.
In this relationship the agent must consent to the instructions of the person i.e the principle.
Here in the question, Stefanie acting as Principal who has directed the agent (which is the bank in the given case ) to execute a task.
Answer:
The question is missing some vital points, which are found in the spreadsheet attached
Senbet's net income is $185,172.00
Cash flow from operations is $ 340,772.00
Explanation:
Find in the attached,complete questions and necessary computations.
Answer:
$2.50
Explanation:
The Earnings Per Share of a company is determined by using the formula:
EPS= (Net Income of the Company - Dividend to Preferred Shareholders) ÷ Average Outstanding Shares of the Company
Since there is no dividend to preferred shareholders
EPS= Net Income of the Company - ÷ Average Outstanding Shares of the Company
=30000 ÷ 12000
=$2.50
Answer: D) It increases liabilities and decreases stockholders' equity by $1.2 million each.
Explanation:
Even though the company has not paid for the advertisement, the expense has already been incurred and by the Accrual principle of accounting it needs to be recorded.
It will therefore be recorded as an expense which will reduce the Income for the year which is a Stockholder equity account so therefore it will reduce the Stockholder account by $1.2 million.
Because the company has not yet paid for the advert, the amount have to be recorded as a liability to the company so liabilities will increase by $1.2 million.
I think is d that what i think