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RSB [31]
3 years ago
7

The following is selected financial information for Osmond Dental Laboratories for 2021 and 2022: 2021 2022 Retained earnings, J

anuary 1 $ 52,000 ? Net income 34,000 46,000 Dividends 12,000 22,000 Common stock 71,000 ? Osmond issued 3,000 shares of additional common stock in 2022 for $20,000. There were no other stock transactions. Prepare a statement of stockholders' equity for the year ended December 31, 2022. (Amounts to be deducted should be indicated with minus sign.)

Business
1 answer:
Anettt [7]3 years ago
6 0

Answer:

Explanation:

The statement of stockholder's equity comprises common stock and retained earnings. The ending balance after adjustment shown in the attached spreadsheet.  

The ending balance of retained earning = Beginning balance of retained earnings + net income - dividend paid

= $52,000 + $34,000 - $12,000

= $74,000

And, the ending balance of the common stock = Beginning balance of common stock + issued shares  

= $71,000 + $20,000

= $91,000

The preparation of the statement of stockholders’ equity is presented in the spreadsheet. Kindly find the attachment below:

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3 years ago
You are involved in a car accident and a stranger contacts you offering a quick cash settlement and doesn’t want to deal with th
soldi70 [24.7K]

Answer:

The answer depends on 2 vital elements

1. whether there are injured/dead people - you cannot accept the money. you must inform BOTH the Insurance company and the Police. otherwise it is a hit and run, which is a criminal offence and you will be penalized.

2.or there are no injured/dead people - then take the money and settle the dispute

Explanation:

Dealing with insurance companies is not a legal requirement and depends on your choice.

BUT,

if a person is injured or dead because of the accident, then not only should you inform the insurance company, but also you should inform the legal authorities (Police).

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hope this helps!

4 0
2 years ago
When sodium chloride, NaCl , is added to water, it forms a solution. The steps involved in the dissolution of NaCl in water are
borishaifa [10]

Surely, when sodium chloride, NaCl , is added to water, it forms a solution which

is known as homogeneous solution

This dissolution of sodium chloride in water forms sodium and chloride ions

The chemical equation for the reaction is given below:

NaCl(s) + H2O(l) ⇌ Na+(aq)+Cl−(aq)

Reaction wise, when sodium chloride, NaCl , is added to water, the water molecules pull the sodium and chloride ions far apart, thereby; breaking the ionic bond that held them together. After the salt compounds are pulled apart, the sodium and chloride atoms are surrounded by water molecules

<h3>What is homogeneous solution?</h3>

Homogeneous solutions can be defined as those solutions with uniform composition and properties throughout the solution.

So therefore, surely, when sodium chloride, NaCl , is added to water, it forms a solution which is known as homogeneous solution

NaCl(s) + H2O(l) ⇌ Na+(aq)+Cl−(aq)

Learn more about homogeneous solution:

brainly.com/question/14926412

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4 0
2 years ago
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ludmilkaskok [199]

If the required reserve ratio is 2.50 percent, the monetary multiplier is 40.

The money multiplier gives us the ratio of deposits to reserves (i.e. 1/R). That means, if the reserve ratio is 2.50% (i.e. 0.025), the money multiplier is 40 (i.e. 1/0.025). Thus, an initial deposit of USD 1,000 will end up creating a total of USD 40,000 in new money.

If the monetary multiplier is 5, the required reserve ratio is 20%.

Playing with the original multiplier formula, we can derive that R=1/m (m is money multiplier). If the money multiplier is 5, then the reserve ratio is 20% (i.e. 1/5 or 0.20).

8 0
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nasty-shy [4]
The right answer for the question that is being asked and shown above is that: "a. rivalry among existing firms in an industry" Information-based industries are most susceptible to one of Porter’s five forces which is the a. rivalry among existing firms in an industry

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