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svetoff [14.1K]
3 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]3 years ago
7 0
The correct answer to the question is an "Increase of $2,000"
AveGali [126]3 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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On March 1, 2016, Beldon Corporation purchased land as a factory site for $60,000. An old building on the property was demolishe
MAXImum [283]

The amount that Beldon should capitalize as t<u>he cost of the land IS </u>

<u> $64,000 </u>

<u> The amount that Beldon should capitalize as the cost of the new building.is  </u> $517,000

Explanation:

Using the data from the question

Given that the

  • <u>Land  Purchase price</u> $60,000
  • <u> Demolition of old building</u> $2,000 ($ 4,000 - $2,000)
  • <u>Legal fees for title investigation of land </u>2,000

The amounts that Beldon should capitalize as t<u>he cost of the land IS </u>

<u> $64,000 </u>

<u>In case of New building -The given data is </u>

  • Architect’s fees (for new building) 12,000
  • Construction costs 500,000  
  • Interest on construction loan 5,000  

<u> The amounts that Beldon should capitalize as the cost of the new building.is  </u> $517,000

6 0
3 years ago
1. Which of the following is not characteristic of a corporation?
Oxana [17]
<span>1. Which of the following is not characteristic of a corporation?

d. Corporations are required to file federal income tax returns.

2. Characteristics of a corporation include

d. Shareholders who have limited liability

3. One of the main disadvantages of the corporate form is the

b. Double taxation of dividends


4. Under the corporate form of business organization

a. Ownership rights are easily transferred.


5. Those most responsible for the major policy decisions of a corporation are the

b. Board of directors.


6. Stockholders' equity

d. Is shown on the income statement

7. The price at which a stock can be sold depends upon a number of factors. Which statement below is not one of those factors?

b. Investor expectations of the corporation's earning power


8. Which of the following accounts below is reported in the paid-in capital/stockholders' equity section of the corporate balance sheet?

b. Stock Dividends


9. The excess of issue price over par of common stock is termed a(n)

d. Premium


</span>
8 0
3 years ago
Read 2 more answers
______________, a vast network of linked computers, had its origins in the late 1960s, when scientists at the United States Depa
ivann1987 [24]

Answer:

The internet.

Explanation:

The internet refers to a vast, global system of interconnected computer networks.

There's a standard framework for the transmission of informations on the internet, it is known as the internet protocol suite or Transmission Control Protocol and Internet Protocol (TCP/IP) model. One of the very basic rule of the TCP/IP protocol for the transmission of information is that, informations are subdivided or broken down at the transport layer, into small chunks called packets rather than as a whole.

Hence, the standard Internet communications protocols which allow digital computers to transfer (prepare and forward) data over long distances is the TCP/IP suite.

Additionally, WWW simply means World Wide Web. The World Wide Web was invented by Sir Tim Berners-Lee in 1990 while working with the European Council for Nuclear Research (CERN); Web 2.0 evolved in 1999. Basically, WWW refers to a collection of web pages that are located on a huge network of interconnected computers (the Internet). Also, users from all over the world can access the world wide web by using an internet connection and a web browser such as Chrome, Firefox, Safari, Opera, etc.

5 0
3 years ago
You have been hired as a marketing director for Terraineous, a hiking apparel and footwear company. Your most urgent problem is
Sphinxa [80]

Answer:

The answer is: People variable

Explanation:

In a traditional 4 Ps marketing mix (price, product, place & promotion), customer services is not dealt with appropriately. A more modern approach, called the 7 Ps of Service Marketing adds the process, people and physical evidence variables.

People variable refers to the task individuals perform to support the product. They include service providers, customer service, marketers, etc.

This more modern approach (proposed in 1981) is mostly used for selling services, but has gained importance with more modern and technical products.

5 0
3 years ago
In Year 8, Seda Corp. acquired 6,000 shares of its $1 par value common stock at $36 per share. During Year 9, Seda issued 3,000
Elena L [17]

Answer: Please see answer in explanation column

Explanation:

Using the  cost method,  treasury stock is credited for cost of the shares when it is reissued, while Cash is debited for amount received.  Also, additional paid-in capital from treasury stock  will be credited to show the difference.

journal entry to record the issuance of 3000 shares in year 9

Date             Account                        Debit                   Credit

Year 9      Cash (3,000x $50)          $150,000

Treasury stock (3,000x$36)                                       $108,000

Additional paid-in capital- treasury stock                   $42,000

( $150,000  -  108,000)

7 0
4 years ago
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