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4 years ago

The accounting equation can be stated as:(A) −A + L − OE = 0.

Business

1 answer:

elena55 [62]4 years ago

4 0

Answer:

The correct option is B

Explanation:

The accounting equation is the foundation of the double entry system of accounting. It states the balance sheet of the company where aggregate of all the company assets equals to the sum of shareholders' equity or Owners equity and liabilities of the company.

It is stated as:

Assets = Liabilities + Shareholders' equity (Owners Equity)

It could be stated as:

Assets (A) - Liabilities (L) - Shareholders' equity (SE or OE) = 0

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What kind of economy offers uniformity in wages regardless of individual productivity?

My name is Ann [436]

Command and socialist economies offer uniformity in wages regardless of individual productivity. In these economies, they are set up to pay each worker the same regardless of the amount of work they put in at work. In a command or socialist economy, the state owns and controls all factors of goods, services and production.

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3 years ago

Novak Corp. is authorized to issue both preferred and common stock. The par value of the preferred is $50. During the first year

GenaCL600 [577]

Answer:

Feb 1=> Cash ( debit) = 2,444,000.

Prefered stock (credit) = 2,350,000.

Paid in capital in excess of par value-preferred stock(credit) = 94000.

July 1=> Cash (debit) = 3,500,000.

Prefered stock (credit) = 3,125,000.

Paid in capital in excess of par value-preferred stock(credit) = 375000.

Explanation:

(A). On FEB. 1, the accounts and Explanation is given below:

Cash ( debit) = 2,444,000 {that is from; 47,000 × $52}.

Prefered stock (credit) = 2,350,000 { that is from; 47,000 × $50}.

Paid in capital in excess of par value-preferred stock(credit) = 2,444,000 - 2,350,000 = 94,000.

(B). On JULY 1, the accounts and Explanation is given below;

"July 1 Issued 62,500 shares for cash at $56 per share."

=> Cash (debit) = 62500 × 56 = 3,500,000.

Prefered stock (credit) = 3,125,000 { that is from; 62,500 × $50}.

Paid in capital in excess of par value-preferred stock(credit) = 3,500,000 - 3,125,000 = 375,000.

7 0

3 years ago

Read 2 more answers

An account is defined as a record of the business activities related to a particular item.

Serga [27]

This is true. An account is defined as a record of the business activities related to a particular item.

<h3>What is an account in business?</h3>

In the field of accounting. the term account has to do with the financial recording that is done that is used to show the way that am expense or an asset increases or decreases over a period of time.

The account is used in most statements to show cashflow. A good way to explain this would be through the use of bank accounts that shows the inflow and the outflow of cash in a persons account.

Read more on account here: brainly.com/question/26690519

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1 year ago

A large computer manufacturer forbids its executives and managers from serving as directors or officers for Intel Corporation or

posledela

Answer:

Conflict of interest(COI)

Explanation:

The large computer manufacturing company is trying to prevent a conflict of interest.

Conflict of interest(COI): This occurs when an individual is occupying two different social position at the same time in which different benefits are attached to each social roles. It can disrupt the decision-making process of an individual which could lead to loss of integrity.

Conflict of interest arises when an individual has competing obligations because of their duties to more than one person or organization simultaneously.

An individual is subject to two coexisting interests that are in direct conflict with each other.

Conflict of interest can also involve an organization. It could be a case in which an individual or organization performs two different roles simultaneously, and performing an obligation could involve working against another.

A person or organization with conflict of interest can't be 'just' in their decision making.

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3 years ago

The Fashion Shoe Company operates a chain of women's shoe shops around the country. The shops carry many styles of shoes that ar

vlabodo [156]

The computation of the break-even point (in dollars) is given below:

Break-even (dollars) = Break-even (units) x Selling price

= $10 x 12,000 units

= 120,000

Based on the data given in the problem, compute the revised break-even point (in units) for shop 48 after the payment of the incentive.

The break-even point is the point at which total costs equal total sales, and there is no loss or profit for a small business. This means that we have reached a stage of production where the cost of production equals the revenue of the product.

The break-even point is used in several areas of economics and finance. In accounting terms, it refers to the level of production where the total revenue from production equals the total cost of production.

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2 years ago