The answer is net income
Net income is the amount of capital that the Company's made during an operational year after all relevant expenses have already been deducted.
Some amount of the net income will be shared to shareholders according to the percentage, and some of it will be put in company's capital to expand the operation.
Answer:
a. increased by $56,000
Explanation:
General accounting equation ;
Assets = Liabilities + Owners equity
Owners equity = Assets - Liabilities.
Therefore,
Increase in stockholder's equity
= $87,000 - $31,000
= $56,000
Answer:
1. Executive summary
2. Business description and structure
3. Market research and strategies
Answer:
$4,400
Explanation:
The bank reconciliation is one done between the balance per the books and balance per the bank statement. This is usually as a result of transactions known as reconciling items.
These are items that have either been recognized in books but yet to be recorded by the bank or vice versa, transactions recorded wrongly by one of the parties etc.
The adjusted cash balance is the balance after all the transactions omitted from the cash balance have been considered.
Deposits in transit at month-end $ 1,900 - No adjustments required
Outstanding checks at month-end $ 570 - No adjustment required
Bank service charges $ 30 - To be deducted
EFT automatically deducted monthly, not yet recorded by Maxi $ 480 - To be deducted
An NSF check returned on a customer account $ 315 - To be deducted
Adjusted cash balance = $5,225 - $30 -$480 - $315
=$4400