Answer:
The amount of total stockholders’ equity reported on the balance sheet at month-end is $30,000.
Explanation:
Stockholders’ equity comprises retained earnings, common stock and any other statutory reserves. The retained earnings is the accumulation of net income or loss over years minus dividend paid while common stock is the value of the shares owned by the owners or the public and the owners are entitled to dividends.
The amount of total stockholders’ equity reported on the balance sheet at month-end is simply $5,000 + $25,000 = $30,000.
These are called in kind benefits or benefits in kind. They are benefits which are given to employees or directors from their company. However, these are not included in their salary wages. They are also called perks or fringe benefits and they include things like company cars, medical insurance, and cheap loans.<span> </span>
Answer and Explanation:
The journal entry is shown below:
Peter ($174,000 - ($66,000 ÷ 2)) $141,000
Chong ($162,000 - ($66,000 ÷ 2)) $129,000
To Cash $270,000
(Being the distribution should be recorded)
For this the capital accounts are debited as it reduced the stockholder equity and credited the cash as it also decreased the assets
Answer:
b labor of the maintenance employees
c labor of the clerical staff
Explanation:
During the production or composition of finished goods, some form of labors are directly or indirectly involved in the manufacturing of such finished product. Where labor is not readily traced to the manufacturing of finished product, such is known as indirect labor.
On the other hand, labor that is directly involved in the composition of finished product is known as direct labor. Examples of indirect labor are ; wages of supervisors , clerical staff, general helpers , material handlers and maintenance workers.
