Answer:
preemption
Explanation:
Preemption -
It refers to the process of getting some prior claim , is referred to as preemption .
It is basically some rights which a company takes before any other company getting it .
Some pre approved process is known as preemption , these claims are required to be taken .
Hence , from the given scenario of the question ,
The correct answer is preemption.
Answer:
i think it would be loan officer but im not sure sorry if thats wrong
Answer:
the prior year's amount
Explanation:
In financial statements when measuring performance increase the percentage change in various financial statement lines are usually used.
Financial statement lines are individual items on financial statements. For example current assets, current liabilities, and sales.
The percentage change aims to compare increase in a financial statement line item against the previous year's amount.
This will give an idea of how much increase has occurred on previous performance.
So it is calculated by deducting previous year amount from current year amount, then divide by the previous year amount and multiply by 100
Answer:
Journal Entry to be recorded
DR. Land $475,000
Cr. Common stock $312,500
Cr. Add-in-capital common stock $162,500
Explanation:
Number of Shares = 12,500 shares
Share Market price = $38
Share Par Value = $25
Total value of property to be recorded= 12,500 x $38 = $475,000
Common stock value at par = 12,500 x $25 = $312,500
Add-in-Capital common stock value = $475,000 - $312,500 = $162,500
Property will be recorded as the total value of exchange which is $475,000. On other other hand the common stock value will be recorded in two parts common stock at par value and add-in-capital common stock over par value.
Answer:
the future value is $1.08
Explanation:
The computation of the future value is shown below:
As we know that
Future value = Present value × (1 + rate of interest)^number of years
= $1 × (1 + 0.08)^1
= $1 × 1.08
= $1.08
Hence, the future value is $1.08
