Answer: the correct answer is a disclosure of $20,000
Explanation:
The annual preferred stock dividend is $15,000 = 3,000 x $100 x 5%. Total dividends in arrears at the end of 20X3 are therefore $20,000 = 2 years x $15,000 - $10,000 paid.
Dividends in arrears are footnoted only. They are not recognized as a liability until they are declared.
Answer:
Yes. Contract formed on June 18.
Explanation:
A contract is an agreement between two interest parties that has rights and obligations attached to them.
The fact that Brian mails a letter of acceptance on June 18 entails that an agreement has been reached.
Thus the date of the Contract is June 18.
Answer:
The answer is D.
Explanation:
Gross profit or margin is the profit a business generate after deducting cost of sales from its sales or revenue.
Gross profit or margin percentage is expressed as gross profit/sales(revenue) x 100
In the question, gross profit for company A is $400 and sales is $1000
Therefore, gross profit percentage is 400/1000 x 100
=40%
Answer:
2.
Explanation:
On March 15, 2017, it was raised by $1.7B. On September 30, 2017, the debt ceiling was suspended. On March 1, 2019, it was $22.03T and raised by $2.18B. On August 2, 2019, it was again, suspended.
