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Thepotemich [5.8K]
3 years ago
10

A customer owns 210 shares of ABC common stock. ABC declares a rights offering, with the terms being that for every 20 rights te

ndered, a shareholder may purchase one additional share at $20 per share. Any fractional rights holding may be rounded up to buy an additional share. If this shareholder wishes to subscribe, which statement is TRUE?
Business
1 answer:
snow_tiger [21]3 years ago
5 0

Answer:

B. The shareholder can buy a maximum of 11 shares by paying $220

Explanation:

There is an option below the question ask for details:

The computation is shown below:

First, we have to determine the fraction value which is shown below:

= Total shares ÷ rights shares

= 210 shares ÷ 20 shares

= 10.5 shares rounded off = 11 shares

Now for additional shares, the total value would be

= Number of shares × per share value

= 11 shares × $20

= $220

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On July 1, 2019, Sunland Company purchased new equipment for $80,000. Its estimated useful life was 5 years with a $10,000 salva
Paraphin [41]

Answer:

On December 31,2019

Depreciation expense Dr $7,000

          To Accumulated depreciation $7,000

(Being the depreciation expense is recorded)

Explanation:

The journal entry is shown below;

On December 31,2019

Depreciation expense Dr $7,000

          To Accumulated depreciation $7,000

(Being the depreciation expense is recorded)

The computation is shown below:

= ($80,000 - $10,000) ÷ 5 years × 6 months ÷ 12 months

= $7,000

For recording this we debited the depreciation expense as it increased the expenses and decreased the assets so the accumulated depreciation is credited

And, the six months is taken from July 1 to December 31

     

4 0
3 years ago
Suppose that a chicken farm uses a nearby stream to dispose of the wastes released by its chickens. These wastes flow downstream
fredd [130]

Answer:

The answer is letter D.

Explanation:

Charities. It’s important to note that sometimes private solutions to externalities do not work. For example, this occurs when one party repeatedly holds out for a better deal. This describes the problem of (transaction cost, breakdown in bargaining, property held in common)

8 0
3 years ago
Which customer is an internal customer of Eureka Computer Solutions?
alexandr1967 [171]

Nowzer, a sales distributor for Eureka Computer Solutions is an internal customer of Eureka Computer Solutions.

<h3>Who is an internal customer?</h3>

For a company, an internal customer is the one who has direct relationship with the company hence dependent on them.

Hence, Nowzer, a sales distributor for Eureka Computer Solutions is an internal customer of Eureka Computer Solutions.

Learn more about internal customers here : brainly.com/question/2040044

#SPJ1

6 0
1 year ago
The adjusting entry for accrued interest on a note receivable would include a __________ to __________.
poizon [28]
C. The adjusting entry for accrued interest on a note receivable would include a credit to interest revenue
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2 years ago
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zloy xaker [14]

Answer: Routine problem solving

Explanation:

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Routine problem solving is a form of decision making in purchase where consumers purchase products they are familiar with, without paying much considerations to other options available.

3 0
2 years ago
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