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3 years ago

What do individual shareholders gain when they buy shares of a company’s stock?

1 answer:

8 0

<span>Individual shareholders will have the right to receive dividends declared. They can sell their shares and have the right to purchase issued shares. They can vote on the directors nominated by the board. They also have the right to the remaining assets after liquidation. </span>

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Bank Reconciliation

Karo-lina-s [1.5K]

Answer:

Cash balance according to the bank $23,557.98

+ deposits in transit $12,125.25

- outstanding check N⁰ 124 ($62)

- outstanding check N⁰ 125 ($42)

- outstanding check N⁰ 129 ($1,250)

adjusted bank balance = $34,329.23

Cash account balance $51,596.88

+ note collected by bank $15,250.75

- NSF check ($23,475.40)

- Bank fees ($250)

- Error in recording check N⁰ 125 ($9,000)

adjusted cash account balance = $34,122.23

two errors were detected:

outstanding check N⁰ 125 correct amount is ($24)
bank fees are $25

so the readjusted balances are:

adjusted bank balance = $34,329.23 + ($42 - $24) = $34,347.23

adjusted cash account balance = $34,122.23 + ($250 - $25) = $34,347.23

now both accounts are equal.

5 0

3 years ago

Centerpiece Arrangements has just completed operations for the year ended December 31, 2024. This is the third year of operation

zhenek [66]

Question Completion:

Centerpiece Arrangements has just completed operations for the year ended December 31, 2018. This is the third year of operations for the company. The following data have been assembled for the business (Click the icon to view the assembled data of Centerpiece Arrangements.) Prepare the income statement of Centerpiece Arrangements for the year ended December 31, 2018. (If a box is not used in the table leave the box empty, do not select a label or enter a zero.) Net Income

i Data Table $ $ Insurance Expense Service Revenue Utilities Expense Rent Expense Common Stock Cash Retained Earnings, January 1, 2018 6,500 92,000 800 13,000 7,000 6,400 Salaries Expense Accounts Payable Office Supplies Dividends Accounts Receivable Equipment 42,000 2,600 2,500 4,500 3,500 27,600 5,200

Answer:

Centerpiece Arrangements

Income Statement for the year ended December 31, 2024:

Service Revenue $92,000

Expenses:

Insurance expense $6,500

Utilities expense 800

Rent expense 13,000

Salaries expense 42,000

Total Expense $62,300

Net Income $29,700

Explanation:

a) Data:

Trial Balance as for December 31, 2024:

$ $

Insurance Expense 6,500

Service Revenue 92,000

Utilities Expense 800

Rent Expense 13,000

Common Stock 7,000

Cash 6,400

Retained Earnings,

January 1, 2018 5,200

Salaries Expense 42,000

Accounts Payable 2,600

Office Supplies 2,500

Dividends 4,500

Accounts Receivable 3,500

Equipment 27,600

Total $106,800 $106,800

7 0

3 years ago

What is accounting? and what is accounting all about?

Doss [256]

Accounting or accountancy is the measurement, processing, and communication of financial and non financial information about economic entities such as businesses and corporations.

4 0

3 years ago

Read 2 more answers

Consumers who take vitamin/mineral supplements should be aware that excessive intakes could pose hazards, and should refer to th

BaLLatris [955]

Answer:

estimated average requirement

Explanation:

Many people (if not almost everyone) believes that vitamins and minerals are good, and more of them are even better. But anything in excess, including good things can be bad for you. E.g. if you do not consume enough iron you might develop anemia, but excess iron can poison you.

The estimated average requirement (EAR) values are intake levels that meet at least 50% of the populations needs. Your individual requirement levels might vary depending on your height, weight, age or activity levels, but the EAR serves as a good starting point to calculate your own individual needs.

4 0

4 years ago

The demand for emeralds tends to be very elastic. This is because emeralds are more of a _____________. It also means that a 33%

Natalka [10]

Answer:

C) luxury item, an increase

Explanation:

Price elasticity of demand measures the responsiveness of quantity demanded to changes in price.

An elastic demand means a small change in price leads to a greater change in quantity demanded.

A luxury good is a good that isn't a necessity. They are usually bought as a status symbol.

Luxury goods usually have elastic demands.

Emeralds are luxury goods and if there's a fall in price of emeralds the quantity demanded of emeralds would rise.

I hope my answer helps you

8 0

3 years ago