Answer:
a higher balance can increase interest rate
It is a list of assets or it could detailing the balance of income of a business for a period of time.
<span>The records of completed continuing professional education (cpe) must be retained "f</span>or
a period of three years following the date of renewal of enrollment".
Continuing Professional education refers to a type of education that is directed for members in different expert fields that comprises of refreshed learning and other relevant data that will help these people to accomplish more extensive comprehension of their picked industry.
Race
Gender
Orientation
Age
Disabilities
Family
Religion/Beliefs
Political Opinion
Answer:
Felix Incorporated
Exchange of Preferred Stock for Land:
Journal Entries:
Debit Land $90,000
Credit Preferred Stock $81,250
Credit Additional Paid-in Capital - Preferred Stock $8,750
To record the issue of 1,250 of $65 par-value preferred stock for land with a fair price of $90,000.
Explanation:
Felix Incorporated will debit Land with the fair price of $90,000 and Credit the Preferred Stock account with $81,250 (1,250 x $65) at par-value. The difference between the fair price of land and the preferred stock at par-value is credited to additional paid-in capital account for preferred stock. Felix Incorporated cannot take into account the current market value of the stock at $75 in its accounting records. The current share price of $75 is for the benefit of investors, and can only serve as basis for Felix Incorporated to decide transactions with potential investors.