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Nesterboy [21]
3 years ago
5

The purpose of posting is to A. list the transactions in chronological order in the journal. B. provide an explanation of the tr

ansaction. C. update the account balances in the ledger. D. correct a previous entry.
Business
2 answers:
avanturin [10]3 years ago
7 0
The correct answer is
<span>C. update the account balances in the ledger.

Here, the word posting is used in its economic meaning which means what you wrote under C. It's not posting like when you post on facebook or similar. Updating the balance in the ledger is of extreme importance for avoiding problems with the law of avoiding things like bankruptcy.</span>
<span />
Irina-Kira [14]3 years ago
7 0
I think the answer is C. update the account balances in the ledger. 
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how much of a stock's $30 price is reflected in pvgo if it expects to earn $4 per share, has an expected dividend of $2.50, and
Kruka [31]

The amount of the stock price that will be reflected in the PVGO is $10

The value of an organization's potential future growth is symbolized by the acronym PVGO, or "present value of growth opportunities." It represents the potential value for the organization by reinvesting its earnings back into the business.

Expected Dividend payment (D) = $2.50

Total Earnings (E) = $4

Rate of return (ROR) = 20%

Step 1. Using no growth rate (GR), computing the stock price (SP)

Since the growth rate is not specified, 0% is taken as the default value.

The stock price (SP) = E/ROR

= $4 / 20%

Stock price = $20.

Step 2. Computing the SP reflected in PVGO.

So, total SP with no GR

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Stock price with no growth rate = $10

Hence, the $10 will be reflected in the PVGO

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7 0
1 year ago
Monte inherited 1,000 shares of Corporation Zero stock from his father who died on March 4, 2020. His father paid $44 per share
Marina86 [1]

Answer:

$6,000 LTCG

Explanation:

Calculation to determine the amount and character of the gain or loss that Monte recognizes

Using this formula

Recognized gain or loss =Amount realized -Basis

Let plug in the formula

Recognized gain or loss=(1,000 Shares*$54 per share)-(1,000shares*$48 per share)

Recognized gain or loss=$54,000-$48,000

Recognized gain or loss=$6,000 LTCG

Therefore the amount and character of the gain or loss that Monte recognizes is $6,000 LTCG reason been the any gain Amount on the sales of property that was inherited are often tend to be LTCG

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