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Over [174]
3 years ago
8

Which of the following is not one of the factors to consider in determining whether a business entity meets the definition of a

reportable segment:
1.It engages in sales activities with unaffiliated entities.
2.It engages in business activities from which it may earn revenues and incur expenses
3.Its operating results are regularly reviewed by the entity's chief operating decision maker.
4.Its discrete financial information is available
Business
1 answer:
alexgriva [62]3 years ago
3 0
2. It engages in business activities from which it may earn revenues and incur expenses.
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On January 1, 2021, Cullumber Inc. granted stock options to officers and key employees for the purchase of 21,000 shares of the
Alenkinab [10]

Answer & Explanation:

December 31, 2021

Compensation Expense                                              164,200

                        Paid-in Capital (328,400 x 0.5)                        164200

                      To record compensation expense

April 1, 2022

Paid-in Capital                                                               32,840

          Compensation Expense (328,400 x 2100/21000)    32,840

         To record termination of stock option

December 31, 2022

Compensation Expense                                                147,780

          Paid-in Capital (328,40 x 1/2 x 18900/21000)              147,780

        To record compensation expense

March 31 , 2023

Cash ( 12,600 x $25)                                                        315,000

Paid-in Capital (328,400 x 12,600/21,000)                      197040

            Common Stock (21,000 x $10)                                            126,000

             Paid-in Capital in Excess of Par                                         386,040

         To record exercise of stock option

December 31, 2023

6,300 stock options not exercised (21,000 - 2,100 - 12,600)

5 0
3 years ago
Edie's Health Supply has 125,000 shares of stock outstanding with a par value of $1 per share and a market value of $5 a share.
Umnica [9.8K]

The Par value per share after the split will be 2,500 shares.

<h3><u>What is a Share?</u></h3>
  • Shares are fractional ownership interests in a corporation. For some businesses, shares are a type of financial instrument that allows for the equitable distribution of any declared residual profits in the form of dividends.
  • A stock with no dividend payments does not distribute its income to its shareholders. Instead, they look forward to further stock price growth as business profits rise.
  • Shares are an organization's equity capital, and there are two primary kinds of shares: common shares and preferred shares.
  • As a result, the terms "shares" and "stock" are frequently used synonymously. Owners of a corporation have the option of issuing preferred shares or common stock to investors.

A single common share's par value is determined by the charter of a corporation. It usually has nothing to do with the shares' actual worth. Actually, it's frequently lower. The par value is stated on each stock certificate that is issued for shares that are bought.

Know more about Shares with the help of the given link:

brainly.com/question/13931207

#SPJ4

3 0
2 years ago
QUESTION 26 Which of the following statements are true? A. Because coupon payments on municipal bonds are exempt from federal in
OleMash [197]

Answer:

D

Explanation:

A municipal bond is a debt instrument issued by a state or municipality to finance its capital expenditures.

Municipal bonds are usually exempt from federal income tax. This makes these bonds attractive to individuals with a high income tax bracket

If tax rate increases, investors would prefer to invest more in municipal bonds because it is exempt from tax. The increase in demand for these bonds would lead to decrease in its interest rate.

Due to tax exemption, the interest rate on municipal bonds is lower than on comparable bonds

<em><u>Types of municipal bonds</u></em>

  1. General obligation bonds : these bonds are not secured by any form of asset. Instead they are backed up by the credit worthiness of the issuer.
  2. Revenue bonds : these bonds are secured by revenue from a particular project. e.g. revenue from highway tolls
7 0
3 years ago
Mogul ships inventory with a cost of $80,000 to Ski Outfit and pays shipping costs of $8,000. By the end of the year, $60,000 of
Bezzdna [24]

Answer:

D $22,000.

Explanation:

Mogul ships inventory

Cost of goods = $80,000+$8,000=$88,000

Cost of goods old = $60,000+$6,000=$66,000

Inventory =$88,000-$66,000

=$22,000

Therefore the amount of inventory will Mogul report at year end will be $22,000

4 0
4 years ago
In your own words, identify two different stock exchanges in the United States. Describe the similarities and differences betwee
MArishka [77]

Answer:

Two different stock exchanges in the US:

(1) NASDAQ

(2) NYSE

Explanation:

SIMILARITIES:

<em>Both stock exchanges trade on stock.</em>

DIFFERENCES:

<em>NASDAQ transact stock trading with dealers.</em>

<em>NYSE transact stock trading with brokers</em>

6 0
3 years ago
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