Answer: The answers are provided below.
Explanation:
a. The trial balance is a worksheet whereby every balance of all the ledgers will be compiled to the debit and the credit account column and the totals are equal.
The trial balance has been attached.
b. The Net income which is also referred to as the net earnings, is calculated as the sales minus the cost of goods sold, general, selling, operating and administrative expenses,
interest, depreciationn, taxes, and
every other expenses.
In this case, the net income will be the value of the operating expenses subtracted from the fees earned. This will be:
Net income will be:
= 12300-6940
= 5360
<span>Macro, micro, pico, femto and umbrella are all types of cell sizes in a GSM network.
Our mobile phones are connected to a cellular network by searching for cells, the coverage are of cells depends on your environment, that cellular network is a GSM. GSM network is a global system for mobile communication. </span>
Answer:
Sale of plant assets. If the company<u> sales an equipment it will receive cash </u>for it. We are not given with any information of this transaction not being in cash, so we should assume it was a sale in cash or cash equivalent.
Explanation:
<u>Conversion of bonds into common stock.</u> The bonds, which are outstanding and represent a promise to pay, are converted into common stock, this transaction doesn't involve cash.
<u>Issuance of common stock to purchase land. </u>The land is acquire in exchange of common stock, the company is not using cash. the owner of the land can later sold the stock to a third party but it won't affect the cash flow of the company.
<u>Issuance of debt to purchase equipment </u>Like singing a note to purchase a machine, no cash is involve.
Taxes are collected by the government whereas a traceable allowance creates a market for consumers to buy and sell products. A tradable allowance will eventually result in the government collecting taxes once the items are produced and sold.
Answer:
$0
Explanation:
Based on the information given what the STOCKHOLDERS RECEIVE if they currently have 2million shares with a par value of $1 each will be $0 reason been that the Stockholder claims have the LOWEST PRIORITY in a bankruptcy based on the fact that the debts amount has exceeded the firm's value which means that there is $0 amount left for current shareholders.