Answer:
Transaction Assets Liabilities Stockholders' Equity
Issue common stock Increase NE Increase
Issue preferred stock Increase NE Increase Purchase treasury stock Decrease NE Decrease
Sale of treasury stock Increase NE Increase Declare cash dividend NE Increase NE
Pay cash dividend Decrease Decrease NE
100% stock dividend NE NE NE
2-for-1 stock split NE NE NE
When shares are sold or issued, they increase the stockholders equity as people buy these shares. They also increase assets because cash comes into the company when the shares are sold. This is why the Issuing of preference and common stock as well as the sale of Treasury shares had the same effects.
When cash dividends are declared, they become a liability that is owed to equity holders.
When these dividends are then paid, they remove the liability but reduce assets as cash is used to pay the dividends.
100% stock dividend reduces retained earnings but increases equity so stockholders equity does not change.
Every purchase done by Peter should support His norms and values. He can either support large businesses that rips people, plants, animals, and the environment at large or rather go for organic and local produce.
Secondly, Donation of blood by saving a life.
Thirdly, give out used clothes to those in need. He can as well donate them to organizations that helps distribute them to the needy.
Fourthly, volunteering goes a long way.This simply means offering a service without getting paid for it. It nourishes the community and gives a sense a humor.
Finally, be kind, do unexpected good to the known and unknown. This goes a long way.
Answer:
Cash flow from operating activities
Net income $310,000
<u><em>Adjustment to reconcile net income to</em></u>
<u><em>net cash provided by operating activities</em></u>
Depreciation expense $70,000
Decrease in account receivable $300,000
Decrease in inventory $620,000
Increase prepaid expense -$150,000
Decrease account payable -$280,000
Decrease accured expense payable -<u>$110,000 </u> <u>$450,000</u>
Net cash outflow from operating activities <u>$760,000</u>
Answer:
y = $440
x = $ 580
Explanation:
Given data:
order for smartphone is 320
order doe tablet is 310
sale of all order is $322,000
total combined price for smartphone and tablet is $1020
let cost of one smartphone is x
let cost of one tablet is y
320 x +310 y = 322,000..... 1
x + y = 1020 .....2
solving 1 and 2 we get
y = $440
x = $ 580
Because society will always shoot you down but you have to remember that no matter what, still get up