Answer:
(B) The firm issued common stock in 2018
Explanation:
Given that the firm's common stock doubled from $1,000 to $2,000 from 2017 to 2018, it is reasonable to assume that the firm issued common stock in 2018.
Option A is incorrect as the firm's net income was likely lower and, more likely, negative in 2018. A decline in retained earnings from 2017 to 2018 by $340 suggests that the firm likely made a net loss of $340 in 2018.
Option C is incorrect because market prices of a firm's own common stock are not accounted for in its shareholders' equity. Only the book value are account for.
Option D is incorrect because the net income in 2018 was likely negative due to the year-on-year decline in the retained earnings
Option E is incorrect as we cannot ascertain it the firm has more equity than debt because sufficient information to reach that conclusion was not provided.
The reason that will explain as to why Ingrid has the blind
spit in her vision is because she is likely experiencing the process called the
sensory adaptation. This usually happens when there is a change over time when
it comes to the sensory system responsiveness.
Answer:
Cash account; rent expense
Explanation:
The journal entry to record the rent expense for June month is shown below:
Rent expense A/c Dr $500
To Cash A/c $500
(Being the payment of rent for cash is recorded)
Since the rent is an expense which increases the expense account by $500 ad the cash is also paid which reduced the cash balance by $500 so the expense is increased and the cash is decreased
Applicants for insurance who are blind may be rated substandard for life insurance when the information relates to being blind. When a person who is blind wants to acquire life insurance, there are notes on their account that allow others to know they are blind. They do this because that portion of insurance would not be covered due to being blind prior to receiving the insurance.
Answer:
c. recessionary gap; increase spending
Explanation:
When the country's economy is operating at an unemployment rate that is higher than its natural rate of unemployment, that means a lower level of consumer demand due to the fact that more number of people don't have jobs. Which in turn implies lower production level and thus lower GDP and thus causes a recessionary gap. In order to fill this recessionary gap the government should increase spending so as to boost money into the economy which will then boost consumer demand and thereby production level will increase and in turn will fill the gap.