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denis-greek [22]

2 years ago

8

The following amounts are reported in the ledger of Mariah Company: Assets $ 78,000 Liabilities 41,000 Retained Earnings 9,000 W

hat is the balance in the common stock account

1 answer:

Serjik [45]2 years ago

4 0

Answer:

47000

Explanation:

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_______ are combating competitive pressures by increasing the amount of exclusive and private label merchandise, strengthening c

notka56 [123]

Answer: B: Department stores

Explanation: Department stores, like most retailers, are experiencing greater competition and need to take extra steps to compete.

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2 years ago

A power line cut has isolated 50 sowbugs from its original population of 15,000. after only five generations, the new population

jasenka [17]

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3 years ago

This one for juliemwinkler

andrew11 [14]

Answer:

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Explanation:

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2 years ago

On November 1, 2016, Blossom Company places a new asset into service. The cost of the asset is $73000 with an estimated 10-year

Aneli [31]

Answer:

$6,200

Explanation:

Using the straight-line method of depreciation, the depreciation expense is the same for each year during the estimated 10-year life of the asset. The yearly depreciation is given by:

$D = \frac{73,000-11,000}{10}\\D= \$6,200$

Blossom Company has a depreciation expense for 2017 of $6,200.

6 0

3 years ago

Hunter Manufacturing Inc.'s December 31, 2014 balance sheet showed total common equity of $2,050,000 and 190,000 shares of stock

Nesterboy [21]

Answer:

11.57 is the book value per share.

Explanation:

Given: Total common equity= $2050000.

Total number of outstanding shares= 190000

Net Income= $250000

Dividend paid out= $100000.

We know the formula for finding book value per share at 12/31/2015.

Book value per share= $\frac{(Total\ equity+ Accumulated\ earnings)}{ number\ of\ outstanding\ shares}$

First, lets find out accumulated earning.

Accumulated earning= $Net\ income- Dividend\ paid$

Accumulated earning= $\$ 250000 - \$ 100000= \$ 150000$

∴Accumulated earning= $ 150000.

Now, Book value per share= $\frac{\$ 2,050,000+ \$ 150000 }{\$ 190000}$

⇒ Book value per share= $\frac{2200000}{190000} = \$ 11.57$

∴ Book value per share= $11.57.

8 0

2 years ago