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jeyben [28]
3 years ago
15

The balance of stockholder's equity at the beginning of the year and the end of the year was 70,000 and 60,000, respectively. Th

e company issued no common stock during the year. Dividends were 22,000. What was the net income or loss for the year?
Business
1 answer:
ivann1987 [24]3 years ago
6 0

Answer: 12,000

Explanation:

Given that,

Stockholder's equity at the beginning of the year = 70,000

Stockholder's equity at the end of the year = 60,000

Dividends = 22,000

Net Income = Ending Balance + Dividends - Beginning Balance

                    = 60,000 + 22,000 - 70,000

                    = 12,000

Therefore, the net income for the year was 12,000.

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Which domain is the most common and reserved for commercial organizations and businesses?
kakasveta [241]

Answer:

The most common and reserved domain for commercial organizations and businesses is:

B) com

Explanation:

Some business organizations have also started the extension ".biz" as their domain.  But, this is not common.  Many use the ".com" domain.  The ".net" domain is also used by some business organizations.  Again, this is not common.  The ".org" domain is mostly used by nonprofit-making organizations.

3 0
3 years ago
The entry to record the receipt of payment within the discount period on a sale of $1500 with terms of 2/9, n/30 will include a:
nikdorinn [45]

Answer:

B) credit to Accounts Receivable for $1500.

Explanation:

The journal entry to record the given transaction is as follows

Cash $1,470

Sales discounts $30          ($1,500 × 2%)

        To Account receivable $1,500

(Being the receipts of payment is recorded)

While recording this transaction we debited the cash as it increased the assets plus the sales discount is also debited and at the same time we credited the account receivable as it decreased the asset

4 0
3 years ago
You purchase one IBM July 120 put contract for a premium of $3. You hold the option until the expiration date when IBM stock sel
ZanzabumX [31]

Answer:

Loss on putting for long time = $300 (Loss )

Explanation:

Given:

Strike price = $120

Stock price = $123

Premium amount = $3 per share

Realize on investment = ?

Computation of realizing on investment:

Given that strike price is lower than the stock price, So premium paid considers as a loss.

Loss on putting for long time = $3 × 100

Loss on putting for long time = $300 (Loss )

7 0
3 years ago
Amanda Rowley, President of Autos-R-Us, recognizes the factory employees for their outstanding performance at the monthly awards
Sophie [7]

Answer:

leading

Explanation:

According to my research on the basic management functions, I can say that based on the information provided within the question she is engaging in the fundamental management function of leading. This function is defined as the process of influencing or motivating employees in order to achieve organizational goals. In this situation Amanda motivates the employees by giving them a plaque and a check for $100.

I hope this answered your question. If you have any more questions feel free to ask away at Brainly.

5 0
3 years ago
Companies are allowed to depart from the requirement that a change in accounting principle be reported retrospectively when: (Se
sweet [91]

Answer:

b) it is impracticable to determine some period-specific effects.

c) it is impracticable to determine the cumulative effect of prior years.

Explanation:

According to the actual normativity these are the two options more consistent with the exercise.

8 0
3 years ago
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