Answer:
Option (D) $27,000
Explanation:
Data provided in the question:
Cash dividends declared = $20,000
Dividends paid = $15,000
Net income = $70,000
Market value of the stock dividend = $23,000
Treasury stock = $9,000
Selling cost of the treasury stock = $7,000
Now,
Retained earnings increase during the recent year of operation will be
= Net income - Cash dividends declared - Market value of the stock dividend
= $70,000 - $20,000 - $23,000
= $27,000
Hence,
Option (D) $27,000
False. They are, in fact, significantly less common.
What exactly are debits and credits? In a nutshell, debits (dr) record all money that flows into an account, while credits (cr) record all money that flows out of an account.
AFN has negative and positive sides. The correct statement is A negative AFN indicates that retained earnings and spontaneous liabilities are far more than sufficient to finance the additional assets needed.
- AFN is known as Projected increase in assets – spontaneous increase in liabilities – any increase in retained earnings.
When the AFN value is negative, it means the action or project that is underwork will bring about extra income for the company, which can be invested in another place.
Additional funds needed (AFN) is known as financial term used when a business intends to widen its operations.
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The reason for imposing the price ceiling is to prevent the producer/seller from taking advantage of the consumer.
Price ceiling refers to an economic tools used by policymaker to mandate a maximum price that the seller must charge for sales of a product or service.
Price ceiling serves as a tool to prevent the producers from exploiting the consumers.
The price ceiling are imposed by the policymaker to prevent producer or seller of coffee to have price advantage of its sales to the coffee consumers.
Therefore, in conclusion, aim of preventing exploitation of consumer is the reason of imposing price ceiling on coffee market.
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