Explanation:
The journal entries are shown below:
1. Building A/c Dr $176
Equipment A/c Dr $270
To Cash A/c $408
To Note payable A/c $38
(Being the building and the equipment is purchased for cash and note payable)
2. Cash A/c Dr $345
To Common stock $240 (120 shares × $2)
To Additional paid in capital A/c - Common stock A/c $105
(Being the common stock is issued for cash)
3. Retained earnings A/c Dr $145
To Dividend payable A/c $145
(Being the dividend is declared)
4. Short - term investment A/c Dr $7,616
To Cash A/c $7,616
(Being the short term investment is purchased for cash)
5. No journal entry is required
6. Cash A/c Dr $4,413
To Short - term investment A/c $4,413
(Being the short-term investment is purchased)
Answer:
Explanation:one good example is an electrical wire,an electrical wire is usually coated with insulator to prevent the current from affecting the present environment.. Why the mechanical function is to transport electricity..so an electrical wire transport electricity and still it users from hazards
Answer:
Explanation:
To calculate the<em> tip</em> you must multiply the bill by the percentage and divide by 100.
This is:
- Tip = % tip × final bill / 100
- Tip = 20% × $92.50 / 100 = $18.50 ← answer
Then, Chav should leave $18.50 for a <em>20% tip.</em>
Also, notice that when you receive the bill you should find the total before taxes and calculate the tip over such total without taxes.
In this problem, you are only given the final bill, then you cannot discriminate the value of the meal as such so you use the total value of the bill.
Answer:
A short-form merger does not require the prior approval of shareholders because it involves the merger of a subsidiary corporation into its parent corporation. For a short-form merger to occur, the parent company must own at least 90% of all outstanding stock of the subsidiary.
Appraisal rights will be available when a shareholder of the subsidiary disapproves the merger. The shareholder has the right to dissent and the corporation should pay him/her the fair market value of their stock.
Shareholders of a corporation that ceases to exist when a merger or consolidation takes place and decides to exercise his/her appraisal rights is called a dissenting shareholder.
