Answer:
E. Debit Cash $4,000; credit Paid-in Capital in Excess of Par Value, Preferred Stock $1,900, credit Preferred Stock $2,100.
Explanation:
Journal Entry for Issuance of 70 shares of $30 par value preferred stock for $4,000 is -
Cash Debited - $4,000
Paid in Capital in excess of Par value Credited - $1,900
Preferred Stock (70 shares × $30 each) Credited - $2,100
The correct option is - E. Debit Cash $4,000; credit Paid-in Capital in Excess of Par Value, Preferred Stock $1,900, credit Preferred Stock $2,100.
Answer:
The Maigold's free cash flow can be calculated using the below formula:
Cash Provided by Operations-Capital expenditure-Dividends paid
Explanation:
Cash provided by operations $21700
Capital expenditure ($10100)
Dividends paid ($3500)
Free cash flow of Maigold's $8100
Answer:
i guess you can but don't post any valid information which might expose credit cards or so forth
Answer:
$14,250
Explanation:
Annual depreciation = (Cost - Salvage value) / Useful Life
Annual depreciation = ($60,000 - $3,000) / 8
Annual depreciation = $57,000 / 8
Annual depreciation = $7,125
Accumulated dep. at December 31, 2022 = $7,125 * 2
Accumulated dep. at December 31, 2022 = $14,250
So, the balance in accumulated depreciation using the straight-line method at December 31, 2022 is $14,250.
Answer:
b. $127,200
Explanation:
Both sales and variable cost are dependent on the number of units sold.
The sales less the variable cost gives the contribution margin. The contribution margin less the fixed cost gives the net operating income.
As such, the total fixed cost of the corporation not traceable to the individual divisions
= $168,500 + $48,800 - $90,100
= $127,200
