Answer:
hush puppies and u a who dis yah
Refer to Fact Pattern 42-2A. If Eddie is liable under the Securities Exchange Act of 1934, it will be because the information on which he based his purchase of Fresh Dairy stock was <span><u>not yet public.</u>
</span>Section 12 of the Securities Exchange Act of 1934. Section 16(b) of the act covers <span>the short-swing activities of Orbital's insiders.</span>
Answer:
$24,000
Explanation:
Cost of goods sold = Net sales - gross profit.
As net sales = $40,000
Average gross profit = 40%
Thus, gross profit in dollars = $40,000 40% = $16,000
Thus, cost of goods sold = $40,000 - $16,000 = $24,000
Sales represent the total revenue earned and cost represent the entire value of manufacturing it.
It is $24,000.
Answer:
e. No entry is made for this transaction.
Explanation:
When a corporation splits stocks it doesn't have to record any type of journal entry. This happens because no account balance actually changes, only the total number of stocks outstanding and the par value per stock will change. But the balance of the common stocks account will be the same.
This type of transactions are recorded in the footnotes or in a memo entry in the financial statements, but no journal entry.