Answer:
$56,600.00
Explanation:
The amount the company spent on purchase of additional equipment during year 1 can be ascertained using the formula below:
amount spent on additional equipment=ending balance of equipment-(beginning balance-cost of equipment sold)
ending balance of equipment is $304,700
beginning balance is $341,200
cost of equipment sold is $93,100
amount on additional equipment=$304,700-($341,200-$93,100)=$56,600.00
The first test case should fail. When all the test results are completed, you will save the test case results
No, because the date is there to help you stay on track
Answer:
The correct answer is Option D.
Explanation:
Common stock is a share issued by a company to the public. The public enjoy dividend on their common stock when the company pays dividends.
Based on the question, the par value of the common stock is 25,000 shares x $1.00 = $25,000 while the total cash collected by the company would be 25,000 shares x $2.85 = $71,250 and the appropriate entries will be:
Debit Cash $71,250
Credit Additional Paid in Capital $46,250
Credit Common Stock $25,000
<em>(Issuance of common stock)</em>
Answer:
C
Explanation:
I go with see because i feel that is the Way to go .
