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slega [8]
3 years ago
9

Below is the common equity section (in millions) of Fethe Industries' last two year-end balance sheets:

Business
1 answer:
Arisa [49]3 years ago
6 0

Answer: b. The company issued common stock in 2015.

Explanation:

Common Stock is recorded at par value in the books and so the only things that can affect it are more stock being issued which would increase it or treasury stocks being purchased which would decrease it.

As the common stock increased in 2015 from 2014 by $1,000 more, it shows that the company issued $1,000 worth of stock in 2015.

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g Brief Exercise 5-13 Bridgeport Company reported 2017 net income of $158,800. During 2017, accounts receivable increased by $18
Serhud [2]

Answer:

16,000

Explanation:

I had this on my test

8 0
2 years ago
What effect will the increase in electricity price have on the manufacture industry output?
irina [24]
It will cause the price of whatever said company is manufacturing to go up to cover the extra expense. This may also invoke a decline in sales due to higher prices.
5 0
3 years ago
Which one is a disadvantage of the process structure? *
Westkost [7]

Answer: Add and delete divisions

Explanation:

The process structure in organizations is when the organization is divided into different departments such that they're all related to each other for organizational goals to be achieved.

The divisions can include sales, research, manufacturing etc. It brings about more competition among the departments, focuses on customers and brings about flexibility.

Therefore, the disadvantage will be "Add and delete divisions".

4 0
2 years ago
he following information was taken from the 2018 financial statements of Jenny Gardner Corporation: Inventory, January 1, 2018 $
Volgvan

Answer:

$770,000

Explanation:

Purchase = Ending inventory +Cost of goods sold- Beginning inventory Purchased

= $240,000+$800,000-$180,000= $860,000

Cash paid to suppliers = Beginning AP+ Purchased -Ending AP Cash Payments

= $150,000+$860,000-$240,000 =

$770,000

Therefore the amount that Jenny Gardner should report as cash payments to suppliers is $770,000

4 0
3 years ago
Shontelle owns an apartment house that has an adjusted basis of $760,000 but is subject to a mortgage of $192,000. She transfers
Alex787 [66]

Answer:

(a) $332,000

(b) $312,000

(c) $760,000

Explanation:

(a) Her realized gain or loss

Mathematically, Realized gain or loss = Amount realized - Adjusted Basis = (120000 + 780000 + 192000) - 760000.

= 1092000 - 760000

= $ 332000

(b) Her Recognized gain.

Mathematically, her recognized gain = Amount received in cash + Amount received in Mortgage = 120,000 + 192,000 = $312,000

(c) Basis of newly acquired office Building.

Mathematically:

Basis of newly acquired building = Fair market value of building - (realized gain - recognized gain) = (780,000)-(332,000-312,000) = 780,000-20,000 = $760,000

8 0
3 years ago
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