The journal entry for the inventory purchased will be to record the sale and another one to record the cost of the sale.
<h3>What is a journal entry?</h3>
It should be noted that a journal entry is used to record the financial activities of a company.
In this case, the journal entry for the purchase of inventory on account using the perpetual inventory system is to record the sale and another one to record the cost of the good.
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The objects that fulfill the needs and wants of consumers are products.
Answer: $2.64
Explanation:
Based on the information given in the question, the outstanding diluted share will be calculated as:
= 300,000 + 15000(5/30)
= 300000 + 15000(0.16667)
= 300000 + 2500
= 302500
The amount that Kasravi Co. should report for diluted earnings per share for the year ended 2018 will be calculated as:
Diluted Earning per share = Net income /outstanding diluted share
= $800,000 / 302,500
= $2.64
ANSWER = (c) $2.64
The test, which is used to determine whether an ad or commercial conveys the meaning intended, which is called day-after recall.
<h3>What is ad ?</h3>
Ad which is known as the advertisement is referred to the activity which grasp the attention of the customers and stimulates them to purchase the goods and services.
The day-after recall test is used to examine if an advertisement or commercial delivers the desired meaning. Therefore, it can be concluded that day-after recall is the correct option for the given blank.
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<span>The equilibrium Price.</span>
