Answer:
d. The distribution gives preferred stock to some common stock shareholders and common stock to other common stock shareholders.
Explanation:
This is likely the answer to the question. There is no way preferred stock would be given to some common stock shareholders while common stock to other stock to others.
Answer: $52,840
Explanation:
The opportunity cost are the benefits he will give up to pursue his current venture of landscaping.
= Salary from working for uncle + Interest on the Savings to be used in business + Difference in market value if he waits till the end of the year
= 50,000 + (7% * 12,000) + (12,000 - 10,000)
= $52,840
Answer:
The actual cash value a person would receive for a $4,500 destroyed furniture would be:
$3,000
Explanation:
Actual cash value is a method to calculate the value of an insured good. Its formula goes like this: Original value minus the original value divided by the years covered multiplied by two. In our case this would be 4,500-[4,500 / 6 x 2] giving us as result the following operation 4,500- 1500 = 3,000.
Answer:
=$33,000
Explanation:
Retained earnings will be the total income minus the dividend paid. For Payson inc. The retained earning as at 31st Dec 2104 will be
net income - divided paid out
=$30,000-$17,000
=$13,000
Total retained earnings as of 31st Dec will be
$13,000 + $20,000
=$33,000
