Answer:
The correct aswer is B) 20 million shares.
Explanation:
The issuance of shares is widely used by companies when it comes to seeking capital, that is, to capitalize. The initial issuance of shares is known as "primary placement." Once the first issue is finished, the company may continue to issue shares as a way to increase its capital.
In the case described, regardless of the shares that are put up for sale, the minutes clearly state that the maximum number that can be sold is 20 million. When the information is updated in the future, this value will change.
Answer:
A a decrease in the amount of money they receive
Explanation:
If the seller levies the tax on the customer, the tax will increase the price of a product and in turn decrease the demand for the product. Decreased demand, in turn, will reduce the total revenue.
But if the seller levies the tax on themself, it will not increase the product price but lower the seller revenue directly. Either way, the revenue of the seller will be decreased.
Answer:
The correct answer is letter "A": Division of Corporate Finance.
Explanation:
The Division of Corporate Finance is a body of the U.S. Securities and Exchange Commission (SEC) in charge of monitoring if publicly traded companies disclose enough information for investors to make informed decisions. The Division of Corporate Finance is also responsible for reviewing new institutions filings to go public by checking their Financial Statements, Form 10-Ks -company's performance, Form 10-Qs -quarterly financial reports, and proxy materials for voting among others.
The division does not disclose the criteria of evaluation to ensure integrity in the process.
Answer: $1,063,000
Explanation:
Net realizable value is the value of an asset that a company will get when the asset is sold minus the cost that came with the asset sales.
The net realizable value of the accounts receivable will be the accounts receivable of $1,100,000 minus the allowance for uncollectible accounts which was given as $37,000.
= $1,100,000 - $37,000
= $1,063,000
Journal entries
A.
Dr Cash $6,871.50
DrCash Exceed and Short $50.75
Cr Sales Revenue ($6,871.50+ 50.85) $6,922.25
B.
Dr Cash ($6,922.25 +28.32) $6,950.57
Cr Sales Revenue $6,922.25
Cr Cash Exceed and Short $28.32