1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
storchak [24]
3 years ago
11

On December 31, 2017, Stellar Company had $1,159,000 of short-term debt in the form of notes payable due February 2, 2018. On Ja

nuary 21, 2018, the company issued 25,500 shares of its common stock for $45 per share, receiving $1,147,500 proceeds after brokerage fees and other costs of issuance. On February 2, 2018, the proceeds from the stock sale, supplemented by an additional $11,500 cash, are used to liquidate the $1,159,000 debt. The December 31, 2017, balance sheet is issued on February 23, 2018.Show how the $1,159,000 of short-term debt should be presented on the December 31, 2017, balance sheet.

Business
1 answer:
Phoenix [80]3 years ago
5 0

Answer:

Explanation:

Before showing how short term debt should be presented before doing this we have to classify the items in each head

Like - In current liabilities, notes payable is recorded at $11,500  

And, in the long term liabilities, the proceed after brokerage fees for $1,147,500 should be recorded.

The total amount would remain the same i.e $1,159,000  

Kindly find the attachment below:

You might be interested in
Which of the following from the institutional view is true about the two essential dimensions of organization? a. The technical
____ [38]

Answer:

The institutional structure is that part of the organization most visible to the outside public

Explanation:

An organization ecosystem is defined simply as a system formed by the relationship or interactions of a community of organizations and their environment.

Organizational niche:

is simply an area, region or domain of unique environmental resources and needs.

An Organization is simply defined as a body or and entity that have clear inside/ outside boundary that work towards an explicit aims.

The institutional view is of the notion that when an organizational field is just getting started, diversity is the norm, but later there is a push for similarity.

4 0
3 years ago
Differences in standards of living, credit, buying power, and income distribution are all examples of ____ forces that must be c
Vesnalui [34]

Answer:

The correct answer is

c. economic

good luck

8 0
3 years ago
Which of the following is not a major influence on business buyer behavior? individual factors organizational factors environmen
Shtirlitz [24]

Answer:

procurement factors

Explanation:

A consumers buyer behavior is influenced by four major factors; cultural, social, personal, and psychological factors. These factors cause consumers to develop product and brand preferences

Procurement is used to ensure the buyer receives goods, services, or works at the best possible price when aspects such as quality, quantity, time, and location are compared. Almost all purchasing decisions include factors such as delivery and handling, marginal benefit, and price fluctuations

4 0
3 years ago
Read 2 more answers
Which crimes are complete when the criminal act and criminal intent occur and there is no requirement for resulting harm?
natta225 [31]
Conduct crimes

Hope this helped!
4 0
3 years ago
On January 1, 2019, Woodstock, Inc. purchased a machine costing $40,000. Woodstock also paid $1,000 for transportation and insta
ruslelena [56]

Answer:

D. $6,000

Explanation:

The book value of a new asset includes the purchase price and other related costs that make it ready for use. For Woodstock company, the book value of the new machine will be the buying price of 40,000 plus 1000 transport costs.

Book value = $41,000

The straight-line depreciation method charges equal amounts throughout the life of the asset.

The depreciable amount = asset value - salvage value

=$41,000 - $5000

=$36,000

The depreciation rate = 1/6 x 100

=16.66 %

Annual depreciation = 16.66% x $36,000

=16.66/100 x $36,000

=0.16667 x $36,000

=$6,000

7 0
3 years ago
Other questions:
  • Erik is an investor with $5,000 available for investment. He has the following three investment possibilities from which to choo
    6·1 answer
  • Roughly two-thirds of all lobbyists in the nation's capital represent
    10·1 answer
  • A positive result from the scientific management approach is an increase in _______ productivity.
    6·2 answers
  • A business' last line of defense against risks that cannot be controlled or avoided by other risk management practices is this t
    9·1 answer
  • Most of the managers and team members of Wilbesht, a pharmaceutical company, are under the age of 40. The structure of the compa
    14·1 answer
  • After a hurricane in Florida knocked out the regional water supply for several days, the demand for bottled water increased shar
    15·1 answer
  • Vhich of these is an example of a conceptual skill?
    7·1 answer
  • A company has four vendors and the accounts payable subsidiary ledger shows the following balances.
    11·1 answer
  • Explain why good research habits are important and how they relate to personal integrity and ethics.
    7·1 answer
  • Which of the following strategies can a country use to keep its products inexpensive for consumers in the U.S.?
    15·2 answers
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!