Answer:
$1,300
Explanation:
Given that,
On November 15, 2021
sold gift cards = $1,950
Of the gift cards sold in November,
Redeemed in November = $195
Redeemed in December = $455
Therefore, the deferred revenue is as follows
= November sales - Redemptions
= November sales - (Redeemed in November + Redeemed in December)
= $1,950 - ($195 + $455)
= $1,950 - $650
= $1,300
Answer:
Cost of goods available for sale = $12,480
Explanation:
<em>The cost of goods available for sale is the sum of the value of the opening inventory plus the cost of new purchase. The cost of new purchase would include carriage inward cost if any.</em>
<em>For Oriole company , the cost of goods available for sale would be computed as follows:</em>
$
Opening inventory 2,340
Purchases
June 12 5,460
June 23 <u> 4,680 </u> <u> 10,140</u>
Cost of goods available for sale <u>12,480</u>
<em>Note that the sales made are not relevant for the purpose of determining the cost of goods available for sale. Also, the closing inventory would have been deducted from the cost of goods available for sale to arrive at the cost of goods sold should the question require it.</em>
Answer:
1.Common Stocks Issues and Repurchases
2.Preference Stocks Issues and Repurchases
3.Dividends Declared
Explanation:
Common Stocks Issues and Repurchases
Common Stockholders have voting rights. The movement in the Stocks must be presented separately in the Statement of Changes in Equity.
Preference Stocks Issues and Repurchases
Preference Stockholders do not have voting rights. The movement in the Stocks must be presented separately in the Statement of Changes in Equity.
Dividends Declared
Dividends Paid are not included in Profit and Loss but in Statement of Changes in Equity.
Payment of Dividends adjusts the Retained Earnings Amount in Statement of Changes in Equity.
A because then she can gain interest on her money
