Answer:
Option B. Treasury Stock for $1,200
Explanation:
The reason is that when 1,000 shares which has $2 par value and were issued at $10 per share, the journal entry was:
Dr Cash Account $10,000
Cr Common Stock $2,000
Cr Paid In Capital $8,000
But when 100 shares were repurchased at $12 per share, then the accounting treatment would be
Dr Treasury Stock $1,200
Cr Cash Account $1,200
So the correct option is option B.
Answer:
A. $41,120.
Explanation:
Year Description Cash flow Present [email protected]%
0 Equipment cost ($30,000) ($30,000)
1-4 Additional CF $24,000 $69,929.10
4 Residual value $2,000 $1,184.16
Present value total $41,113.26
Based on the above calculation, the answer shall be A. $41,120.
Answer:
c) Statement of Net Position; Statement of revenues, expenditures, and changes in fund balances; Statement of Cash Flows
Explanation:
Proprietry funds are accounts that are part of governmental institutions and non profits organizations and these require a high standard of transparency and accountability, so they are require to provide to the government the next statements: tatement of net assets; a statement of revenues, expenses, and changes in fund net assets; and a statement of cash flows.
This is accordingly to the summary of statements N. 34 from the Governmental Accounting Standards Board.
Answer:
Current account balance. = -$600
Explanation:
Given:
GNP = $10,000
Consumption (C) = $8,200
Investment (I) = $1,200
Government Purchases (G) = $1,200
Find:
Current account balance.
Computation:
GNP = Consumption (C) + Investment (I) + Government Purchases (G) + Current account balance.
$10,000 = $8,200 + $1,200 + $1,200 + Current account balance.
Current account balance. = $10,000 - $10,600
Current account balance. = -$600
Answer:
A. Yes Yes
Explanation:FIFO(FIRST IN FIRST OUT) this is a terminology used in accounting, Quality assurance/Food safety and stock management to control the receiving and usage,transfer or sale of goods,raw materials,spare parts etc. It is aimed at ensuring that products are used or sold according to the time it was received.
It is a method of determining the arithmetic mean of a set of data,or the average weight of a set of materials because some of the data or materials weigh more than the other. It is applied in materials and stock management to ensure that proper stock value is obtained when valuing the total amount of materials or stock received.
