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Answer:
20,000 shares
Explanation:
The computation of given question is shown below:-
Dilutive number of shares:-
Proceeds from the options issue = 50,000 × $15
= $750,000
Shares issued = 50,000
Treasury shares purchased from proceeds of the options
= ($750,000 ÷ $25)
= 30,000
Dilutive number of shares outstanding = Shares issued - Shares purchased back
50,000 - 30,000
= 20,000 shares
Answer:
Adjustment balance will be $13800
Explanation:
We have given estimated uncollectible accounts are $11,000
And doubtful account is $2800
We have to find the balance after adjustment
Balance after adjustment will be sum of uncollectible accounts and doubtful account
So the adjustment balance will be equal to $11000 + $2800 = $13800
So the adjustment balance will be $13800
Answer:
Permanent accounts
Explanation:
The post-closing trial balance consists only of permanent accounts. These permanent accounts are assets, liabilities, and equity. Permanent accounts are not closed when an accounting period ends. Temporary accounts (revenue, expense, dividend) on the other hand is a direct opposite as they are closed or cleared to zero when an accounting period ends.
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