Answer:
land 45,000 debit
building 95,000 debit
common stock 100,000 credit
additional paid-in 40,000 credit
--issuance of shares in exchange of land an the building on it--
Explanation:
common stock face value:
10,000 shares x $10 = $100,000
fair value of the acquired assets:
land 45,000
building 95,000
total 140,000
Additional paid-in calculation
140,000 recieved for the shares
<u> - 100,000 </u>
40,000 additional paid-in
We consider the face value as the incurred cos t five years ago are not relevant today. The land and building are appraised at their market value
Answer:
The correct answer is D. not able to be calculated from the information given.
Explanation:
The consumer surplus is the gap between the maximum price that the consumer is willing to pay and the price the consumer actually pay.
So, in this case, to get consumer surplus , we have to know the price that Mister Smith was willing to pay and the price he actually paid. We only have the price he paid and we don't know how much he was willing to pay.
Then , we are not able to calculate consumer surplus with the information given.
Answer:
OC. Radio.
Explanation:
In all the other ones you can see and know what you might be expecting. But in radio, you don't know what to look for or what to expect.
Answer:
D. A checking account comes with a credit card.
Explanation:
A checking account is opened to facilitate regular bank transactions such as deposits, withdraws, cash transfers, payments, among others. There are no limits to the number of transactions that one can perform per period. Bank's fee and charges are applicable per transaction. To facilitate payments, withdrawals, and deposits, banks provide debit cards to customers.
Savings accounts are designed to help customers accumulate funds for future use. Banks limit withdrawals and offer interest payments to encourage customers to save. Savings accounts have fewer charges and don't come with debit cards.
Russell Securities has $100 million in total assets and its corporate tax rate is 40 percent. The company recently reported that its basic earning power (BEP) ratio was 15 percent and its return on assets (ROA) was 9 percent. What was the company's interest expense? EBIT = $15,000,000.
Answer d.
If it’s not correct then I’m sorry
