All transactions b. affect assets, liabilities, and/or stockholders' equity, and d. must affect both assets and stockholders' equity.
<h3>What is the accounting equation?</h3>
The accounting equation shows that assets are equal to liabilities and equity.
The implication of the accounting equation is that every transaction has at least two effects on the elements of financial statements, given their linkages.
Thus, the correct options are Options B. and D.
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The state withholds the funding of that specific university because it doesn't reflect the broad economic goal of gender equality. A university should be fair and just in selecting its applicants, either it could be a male or a female.
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How can I ensure that my coworkers and I are in a safe working environment. If your company has an industrial hygienist and also your safety officer can inspect.
Answer:
E) $45,375
Explanation:
This is because Authorized shares are the total shares that the company can issue.
There is a difference between issued and outstanding shares of 500 shares, this may be because these shares are currently held by the company itself and thus dividends are payable only on outstanding shares
This gives us 27,500 * 1.65 = $43,375
Answer:
Explanation:
This is a question about allocation based on how much the street frontage will be valued in future. That value will then be allocated to the joint cost to see how much to apportion to Street Frontage now.
The total value of the Street Frontage after development is,
= 125 lots * $70,000
= $8,750,000
The total value of Golf lots are,
= 100 lots * $100,000
= $10,000,000
Adding them up,
= 10,000,000 + 8,750,000
= $18,750,000
This is the total amount of the company could make and therefore the lot's value.
Company incurred the following costs.
= 1,850,000 * 1,450,000
= $3,300,000
The amount of joint costs to be allocated to Street Frontage will be,
= 8,750,000/ 18,750,000 * 3,300,000
= $1,540,000
The amount to allocate to Street Frontage based on the total value of the lot is $1,540,000.
