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3 years ago

Flintlnc. provided the following information for the year 2017.

Business

1 answer:

gtnhenbr [62]3 years ago

8 0

Answer: See explanation

Explanation:

1. Prepare a single-step income statement for 2017. Shares outstanding during 2017 were 100,000. (Round earnings per share to 2 decimal places, e.g. $1.48.)

The income from continuing operations for earnings per share was calculated as:

= 285000/100000

= $2.85

The loss on discontinued operations was calculated as:

= 35190/100000 shares

= 0.35

Check the attachment for the solution.

2. Prepare aretained earning statement for 2017. Shares outstanding for 2017 were 100000.

Check the attachment for the solution

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The government decides to increase its spending by $6 billion. Over time the real GDP increased by $9 billion. The expenditure m

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Answer:

c. Equals to 1.5

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Expenditure multiplier = Change in real GDP / Change in spending

Expenditure multiplier = 9/6

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Thus, the expenditure multiplier is equal to 1.5

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3 years ago

The overhead volume variance relates only to

Fofino [41]

D fixed overhead cost

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2 years ago

Because of limited liability, individuals are more willing to invest in corporations than in other forms of business.

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The answer to this question is TRUE

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2 years ago

Rick's Internet Corporation's balance in Retained Earnings is $30,000. The board of directors directs that $15,000 be appropriat

gtnhenbr [62]

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Rick's Internet Corporation balance in retained earnings = $30,000

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3 years ago

Clothing Emporium was organized on January 1, 2021. The firm was authorized to issue 140,000 shares of $8 par value common stock

natka813 [3]

Answer:

$728,000

Explanation:

Paid in capital can be described as the payments ac company received in exchange for its stock from investors.

From the question, the total paid in capital can be calculated as follows:

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By adding the two above together and have:

Total paid-in capital = $420,000 + $308,000 = $728,000.

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3 years ago