Answer:
d. never owned by the consignee.
Explanation:
The consignor is the business that gives merchandise to the consignee so that it can sell it. The consignor is the owner of the merchandise that is given in consignment, not the consignee. This merchandise must be reported in the consignor merchandise inventory in the balance until it is sold. Once it is sold, an accounts receivable is created.
Answer:
b. one-brand-name strategy
Explanation:
Based on the scenario being described it can be said that the strategy adopted by Tulips Nation is an example of a one-brand-name strategy. This is a strategy which focuses mainly on aiming each one of the company's brands exclusively towards a specific market segment, and managed completely individually from the other brands. Such as Tulips Nation is doing by retaining it's brand name regardless of the market that it is in, thus managing it as it's own unique brand.
<h2><em>Tha</em><em>nks</em><em> for</em><em> </em><em>points</em><em>.</em><em>✌️</em><em>✌️</em><em>✌️</em></h2>
Answer:
The correct answer is B
Explanation:
The journal entry recorded for the conversion of the shares is as:
Common Share A/c......................................Dr $51,500
Preferred Stock A/c...........................................Cr $50,000
Paid in capital in excess of par (Common)....Cr $1,500
Being conversion of stock into common share is recorded
As the shares are converted into common stock from preferred stock, so the common stock is debited against the preferred stock which is credited. And the excess amount is credited by the account of paid in capital in excess.