Answer and Explanation:
The journal entry is given below:
Stock dividends Dr $60.00
To Common stock $60.00
(Being the issue of stock dividend is recorded)
Here the stock dividend is debited as it reduced the stockholder equity and credited the common stock as it increased the stockholder equity
Also the par per share after the split is $1
Answer:
Explanation:
Using a financial calculator; input the following;
Duration to maturity ; N = 3*2 = 6
Par value of the bond ; FV = 1000
Semiannual interest rate; I = 3%
Semiannual coupon payment;PMT = (7%/2)*1000 = 35
then compute the price; i.e the present value; CPT PV = 1027.09
The price after 6-months would be as follows;
Duration to maturity ; N = 2.5*2 = 5
Par value of the bond ; FV = 1000
Semiannual interest rate; I = 3%
Semiannual coupon payment;PMT = (7%/2)*1000 = 35
then compute the price; i.e the present value; CPT PV = 1022.90
Is Brainly plus like a premium to this or what it is
Answer:
Closing Inventory = $550000
Explanation:
The cost of the closing inventory at December 31 can be calculated by taking the trading part of the income statement where we calculate the cost of the goods sold. The cost of the goods sold is the cost associated with the sale of goods made during the year. The cost of the goods sold is calculated as follows,
Cost of Goods sold = Opening Inventory + Purchases - Closing Inventory
Plugging in the values of Cost of goods sold, opening inventory and purchases, we can calculate the closing inventory.
1025000 = 625000 + 950000 - Closing Inventory
Closing Inventory = 1575000 - 1025000
Closing Inventory = $550000
