Which of the following items is required onboard a Personal Watercraft (PWC)?

Prepare a 2018 balance sheet for Rogers Corp. based on the following information: Cash = $250,000; Patents and copyrights = $720

spayn [35]

Answer:

Common stock balance= $1,039,000

Explanation:

A balance sheet can be described as a financial statement that presents the assets, liabilities and shareholders' equity of a company.

Common stock refers to the security such shares that represents ownership in a company.

In order to determine the common stock account balance for Rogers Corp., its balance sheet is first prepared as follows:

Rogers Corp.

Balance Sheet

For the year 2018

Particulars $ $

Intangible Assets:

Patents and copyrights 720,000

Tangible Assets:

Net fixed assets 3,400,000

Current Assets:

Cash 250,000

Accounts receivable 129,000

Inventory 345,000

Total Current Assets 724,000

Current Liabilities:

Accounts payable (530,000)

Notes payable (190,000)

Working Capital 4,000

Long-term Liabilities:

Long-term debt (1,830,000)

Net Total Assets 2,294,000

Financed by:

Common stock (w.1) 1,039,000

Accumulated retained earnings 1,255,000

Owners' Equity 2,294,000

Workings:

w.1: Common stock balance = Net total assets - Accumulated retained earnings = $2,294,000 - $1,255,000 = $1,039,000

4 0

4 years ago

What type of corporation sells millions of shares and must furnish complete information about its earnings, assets, and debts

White raven [17]

Corporation often sells shares periodically. The type of corporation sells millions of shares and must furnish complete information about its earnings, assets, and debts is known as Public Corporation.

The Public corporation is known to usually sells millions of shares of stock to many stockholders.

This is known to be a type of corporation make its financial information known to the general public and can be called an open corporation.

A public corporation is known as a corporation that is often owned and run by a government, set up for the administration of some specific public programs.

Learn more about Public corporation from

brainly.com/question/1361751

7 0

2 years ago

Can these two countries gain from trading oil and fish oil?

ozzi

These countries can gain from trade because norway has an absolute advantage producing fish oil.

6 0

3 years ago

In a college-level course, Mrs. Smith gives the lectures, sets the due dates, and is the expert on the material. Mr. Doe helps g

andre [41]

The Code of Hammurabi was one of the earliest and most complete written legal codes, proclaimed by the Babylonian king Hammurabi, who reigned from 1792 to 1750 B.C. Hammurabi expanded the city-state of Babylon along the Euphrates River to unite all of southern Mesopotamia. The Hammurabi code of laws, a collection of 282 rules, established standards for commercial interactions and set fines and punishments to meet the requirements of justice. Hammurabi’s Code was carved onto a massive, finger-shaped black stone stele (pillar) that was looted by invaders and finally rediscovered in 1901.

5 0

3 years ago

Heidi, the CEO and founder of Camp Bow Wow, believes that the best way to get people committed to a vision and executing that vi

seraphim [82]

Answer:

A. Consideration

Explanation:

Consideration in this context is the degree to which a leader shows genuine care and concern for the people he or she is leading and supervising. It is a situation whereby the leader adopts a open door policy allowing members equal opportunities and creating an environment that fosters team building, trust and harmony amongst members and with leadership within the group system. By allowing employees communicate their ideas and be part of the growth of the brand, Heidi leadership attitude points to consideration.

7 0

4 years ago