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svetoff [14.1K]
2 years ago
9

If total liabilities increased by $6,000 and the assets increased by $8,000 during the accounting period, what is the change in

the owner’s equity amount?
Business
2 answers:
horrorfan [7]2 years ago
7 0
The correct answer to the question is an "Increase of $2,000"
AveGali [126]2 years ago
5 0
The change in owner's equity is $14,000, during the period. This is known by the equation - Assets = Liabilities + Equities.
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What is the gain or loss from purchasing a put option on $100,000 face value Treasury bonds with a strike price of $90,000 (90 p
Klio2033 [76]

Answer:

Profit of $8,500

Explanation:

Strike Price = $90,000

Premium = $1,500

Break even point = Strike price - Premium

Break even point = $90,000 - $150

Break even point = $88500

Profit = Break even point - Share price

Profit = $88,500 - $80,000

Profit = $8,500

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2 years ago
Alpha Wood Interiors announced that it is going out of business. As of today, no more regular dividends will be paid. The firm w
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Answer:

$44.52

Explanation:

The value of the stock today can be determined by finding the present value of the liquidating dividends

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Present value can be calculated using a financial calculator

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PV = $44.52

To find the PV using a financial calculator:

1. Input the cash flow values by pressing the CF button. After inputting the value, press enter and the arrow facing a downward direction.

2. after inputting all the cash flows, press the NPV button, input the value for I, press enter and the arrow facing a downward direction.  

3. Press compute  

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2 years ago
Scientific endeavors only come from the desire to meet societal needs
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This is a positive statement
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3 years ago
Stonewall Corporation issued $52,000 of 5%, 10-year convertible bonds. Each $1,000 bond is convertible to 10 shares of common st
zalisa [80]

Answer:

A January 1, 2020

Dr Cash $54,600

Cr Bonds payable $52,000

Cr Premium on bonds payable $2,600

B. December 21 2022

Dr Bonds payable $52,000

Dr Premium on bonds payable $1,820

Cr Common stock $26,000

Cr Paid in capital in excess of Par $27,820

Explanation:

Preparation of the entry for Stonewall Corporation

A January 1, 2020

Dr Cash $54,600

($52,000+$2,600)

Cr Bonds payable $52,000

Cr Premium on bonds payable $2,600

(5%*$52,000)

(To record issue of bonds for premium)

B. December 21 2022

Dr Bonds payable $52,000

Dr Premium on bonds payable $1,820

(100%-30%*$2,600)

Cr Common stock $26,000

(52*10*50)

Cr Paid in capital in excess of Par $27,820

($52,000+$1,820-$26,000)

(To record conversion of bonds into Common Stock)

7 0
3 years ago
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Answer:

D

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3 years ago
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