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Zina [86]
3 years ago
10

Ogilvie Corp. issued 23,000 shares of no-par stock for $10 per share. Ogilvie was authorized to issue 46,000 shares. What effect

will this event have on the company's financial statements?
Business
1 answer:
SSSSS [86.1K]3 years ago
7 0

Answer:

Oglivie Corp.'s assets (cash account) will increase be $230,000 and its equity (common stock account) will also increase by $230,000.

Every time a company issues stock and sells them, both its assets and equity have to increase in order to keep a balance in the balance sheet. Since Oglivie's stock are no-par, all of the money received should be included in the common stock account.

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Sheila receives a merit scholarship to cover part of her private college tuition. Her parents have a low income, poor credit, an
vfiekz [6]

Answer:

The correct answer would be D, Sheila's parents will qualify for a Plus loan because of their low income.

Explanation:

PLUS loan stands for Parents Loan for Undergraduate Students. It is the loan given to the parents of the students who are graduating with the college. It can be a post secondary loan. This loan is given to the students who cannot afford to meet the expenses of their studies as well as of other activities like books, notes, handouts etc. This loan is given to the parents of the students who have low incomes and can't afford to finance their child's education.

8 0
3 years ago
Logistics Company had the following items listed in its trial balance at 12/31/2018: Balance in checking account, Bank of the Ea
Elena L [17]

Answer: $352,000

Explanation:

The information needed to calculate the cash and cash equivalent are:

Balance in checking account, Bank of the East = $ 382,000

The restricted cash included in the checking account = $49,000

Treasury bills = $19,000

We subtract the restricted cash from the balance in the checking account and then add it to the treasury bills. This will be:

= ($382,000 - $49,000) + $19,000

= $333,000 + $19,000

= $352,000

4 0
3 years ago
What is the present value of the following set of cash flows discounted at 10 per year?
Olegator [25]

The present value of the following set of cash flows discounted at 10 per year $104.18

<h3>What are the 3 kinds of cash flows?</h3>

There are three cash flow types that organizations should track and analyze to resolve the liquidity and solvency of the business: cash flow from operating movements, cash flow from investing activities, and cash flow from financing activities. All three are included on a company's cash flow statement.

<h3>What are cash flows illustrations?</h3>

Cash and cash matches include currency, petty cash, bank accounts, and other highly liquid, short-term assets. Examples of cash matches include saleable paper, Treasury bills, and short-term state bonds with adulthood of three months or less.

To learn more about cash flow, refer

brainly.com/question/735261

#SPJ4

3 0
1 year ago
A limited liability company can be held liable for any loss or injury caused by the wrongful acts or omissions of its members.
atroni [7]
That statement is true, an LLC can indeed <span>held liable for any loss or injury caused by the wrongful acts or omissions of its members.
The assets that owned by the members couldn't be held accountable in case there is a loss in the company, but in case of criminal activities, this thing could be overlooked.</span>
5 0
3 years ago
If an economy has just suffered a serious recession but real gdp is expanding once again, we can conclude the unemployment rate
Mnenie [13.5K]
<span>If an economy has just suffered a serious recession, we can conclude that the unemployment rate is high. After the recession when the real gdp is expanding, we can safely assume that more workers are needed to produce the gdp, which means that the unemployment rate will drop.</span>
7 0
3 years ago
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