Answer:
The answer is: D
Explanation:
Financial reports are prepared to provide useful information to the business' capital providers, that is, the investors and creditors. These two groups of stakeholders are responsible for providing financial resources which enable companies to start, continue or expand their operations. These reports, which contain accounting information, are generated by management and evaluated against reporting standards to meet the regulatory requirements set by regulators.
Answer:
Dec. 2.
Dr. Inventory $4,000
Cr. Troy $4,000
Dec. 3.
Dr. Rent Expense $2,600
Cr. Cash $2,600
Dec. 5.
Dr. Office Supplies $450
Cr. Rigby Supply $450
Dec. 8.
Dr. Utility Expense $590
Cr. Cash $590
Dec. 9.
Dr. Equipment $6,500
Cr. Alright Equipment $6,500
Dec. 10.
Dr. Alright Equipment $6,500
Cr. Equipment $6,500
Dec. 11.
Dr. Troy $4,000
Cr. Discount received $40
Cr. Cash $3,960
Explanation:
Dec. 11
The terms 1/10 n/30 mean there is a discount of 1% available on the payment to be made in 10 days of the purchase. The net credit period is 30 days. As the payment is made within the discount period, hence the payment will be made net of discount.
Discount on Purchase = $4,000 x 1% = $40
Payment = Total amount due - Discount = $4,000 -$40 = $3,960
Answer:
1. Net income available to common stockholders for 2017
= Net income - Preferred dividend
= $1,950,000 - $273,000
= $1,677,000
2. Basic EPS
= <u>Net income available to common stockholders</u>
Weighted average shares of common stock
= <u>$1,677,000</u>
300,000 shares
= $5.59 per share
Explanation:
The amount of net income available to common stock holders is net income minus dividend paid to preferred stockholders.
Basic earnings per share is the ratio of net income available to common stockholders to weighted average shares of common stock.
Answer: Why are offsets considered protectionist measures? A) Exporters must often find markets for goods outside their lines of expertise.
Explanation: When exports find markets for goods outside of their lines of expertise it allows them to expand but also protect their current market. It's common for importers and exporters to expand beyond their normal realm of consumers.
Answer:
The correct answer is "Conflict between professionalism and commercialism".
Explanation:
- As a professional service rather than partnership presents a condition that may impede the implementation including its independent review-this statement generates possible interest confliction as the impairment of the conclusion of the investigation contributes to the violation of conduct.
- A professional service produces a condition that may well compromise impartial judgment - The journalistic integrity of an external auditor should not be compromised according to the standard prohibition claim. This can then cause friction.
So that the given statement refers to the above solution.