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lbvjy [14]
4 years ago
15

Mega Corporation repurchased 1,000 shares of its $1 par value common stock for $8,000. The effect of this transaction on the acc

ounting equation includes a(n) ______. (
Business
1 answer:
Nitella [24]4 years ago
4 0

Answer:

Explanation:

Since in the question the shares are repurchased which impact the accounting equation in a negative manner

Accounting equation would be

Total assets = Total liabilities + Stockholder equity

The assets are decreased as it reduces the balance of cash account as well as it reduced the stockholder equity also by the same amount

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Margaret was convinced to enroll in a private, for-profit college to learn how to be a psychologist's assistant. She borrowed $2
Harman [31]

Answer:

declaring personal bankruptcy, which discharges all of her debt.

Explanation:

Based on the information provided within the question it can be said that one option that is NOT a solution would be declaring personal bankruptcy, which discharges all of her debt. This is because personal bankruptcy does not eliminate student debt. There are very few scenarios in which it does, but only if you are able to prove that the loans would cause an undue hardship to you but this is almost never the case.

5 0
3 years ago
What are two kinds of open-ended credit?
STALIN [3.7K]

Answer:

good credit bad ccredit

Explanation:

3 0
4 years ago
At the end of the current year (before adjusting entries), Autumn Corporation had a balance of $76,000 in Accounts Receivable an
astra-53 [7]

Answer:

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Explanation:

6 0
3 years ago
Cavan Company prepared the following reconciliation between book income and taxable income for the current year ended December 3
nadezda [96]

Answer:

b. $80,000

Explanation:

The computation of the deferred portion of its provision for income taxes should be given below:

= $300,000 ÷ 3  years

= $100,000

Now

= 30% of $100,000 + 25% of $100,000 + 25% of $100,000

= $30,000 + $25,000 + $25,000

= $80,000

Therefore the option b is correct

5 0
3 years ago
What are some positive ways you can impact your Family Circle?
Genrish500 [490]

Answer: Ask questions, help them, or do something they love

Explanation:

Some of the positive ways of impacting ones family circle is by asking questions, helping other members of our family and by doing something that they love.

We shouldn't be self centered by showing them what we love such as our favorite music, movies, and TV shows. Rather, we should listen to them and give them listening hears and always help them when there is need for our help.

The correct option is D.

3 0
3 years ago
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