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Answer:
$131,000
Explanation:
Given that,
Stockholders’ equity at the beginning = $94,000
net income = $24,000
Dividends paid = $9,000
Common stock issued = $22,000
Stockholders' equity at the end:
= Stockholders Equity at the beginning + Net Income - Dividend + Common stock issued
= $94,000 + $24,000 - $9,000 + $22,000
= $131,000
Therefore, the total stockholders' equity at the end of the year is $131,000.
Answer:
The solution as per the given problem is provided below throughout the explanation portion below.
Explanation:
The given values are:
Debt issued,
= 120
Pretax earnings,
= 80
Tax,
= 35%
All equity firm,
= $320
Number of common stock,
= 50
(a)
Balance sheet before the debt issue's announcement will be:
<u>Assets </u><u> 320</u>
<u>Debt </u><u> 0</u>
<u>Equity </u><u> 320</u>
then,
The total will be "320".
(b)
The per share price will be:
= 
= 
= 
or,
After tax, the net income will be:
= 
= 
= 
= 
(c)
The return on equity will be:
= 
= 
= 
or,
= 
(%)
Answer:
The correct answer is letter "C": Select the type of transaction she wants to make recur.
Explanation:
QuickBooks is an online accounting tool useful for companies to have their record-keeping transactions in the cloud. QuickBooks allows access to financial information using mobile devices and provides different features among the most important having automated transactions.
To create a new automated transaction, the user must follow these steps: Choose the Gear icon > Recurring Transactions > New > Transaction Type. Among the transaction types available we can identify billing, deposits, transfers, and purchase orders.
Answer: $2,250
Explanation:
The Tax-Payer uses a cash-basis. This means that they recognize revenue or expenses only when they are actually paid as opposed to an Accrual basis entity that recognizes revenue or expenses when it is incurred.
As the Cash-Basis taxpayer is the majority shareholder of the company, Stone may not deduct the amount from income until they have paid the tax payer because tax regulations state that when an Accrual Basis entity owes a majority owner who uses the Cash basis, they may not recognize the deduction until they have paid the owner.
In year 2 they paid ½ of the rent which is,
= 4,500/2
= $2,250
They can therefore only deduct $2,250 in Year 2.
