Answer:
True
Explanation:
In this question, we have to find out the present value which is shown below:
= Annual payment × PVIFA for 5 years at 6
%
= $2,000 × 4.2124
= $8,424
Refer to the PVIFA table
Basically we multiply the annual payment with the PVIFA to allow the exact amount to arrive. The present value comes after taking the discount rate into account for the number of periods
Answer:
The Journal entries are as follows:
(i) On August 1,
Legal expense A/c Dr. $9,600
To Common stock $8,000
To Additional Paid-in capital $1,600
(To record issue of 800 common shares of par value $10 to attorney)
(ii) On August 15,
Cash A/c Dr. $75,000
To Common stock $50,000
To Additional Paid-in capital $25,000
(To record issue of 5,000 common shares each at $10 par value)
(iii) On October 15,
Land A/c Dr. $48,000
To Common stock $30,000
To Additional Paid-in capital $18,000
(To record issue of 3,000 common shares as a consideration for purchase of Land)
Answer:
Common Law
Explanation:
According to my research on different types of law, I can say that based on the information provided within the question Judge Reynolds used Common law to make this decision. Common Law is formally defined as "body of law derived from judicial decisions of courts and similar tribunals." and is characterized mostly as arising from precendence.
I hope this answered your question. If you have any more questions feel free to ask away at Brainly.
Answer:
4.28 grams
Explanation:
The z score is used to determine by how many standard deviations the raw score is above or below the mean. The z score is given by the formula:
Given that:
P(x > 5.1 grams) = 5%, x = 5.1 grams, σ = 0.5 grams
P(x > 5.1 grams) = 5%
P(x < 5.1 grams) = 100% - 5% = 95%
P(x < 5.1) = 95%
From the normal distribution table, 95% corresponds with a z score of 1.645. Hence: