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gregori [183]
3 years ago
7

The balance sheet of FIFA Cup Company included the following shareholders' equity section at December 31, 2021: ($ in millions)

Common stock ($1 par, authorized 200 million shares, issued and outstanding 180 million shares) $ 180 Paid-in capital—excess of par 1,080 Retained earnings 560 Total shareholders’ equity $ 1,820 On January 5, 2022, FIFA purchased and retired 2 million shares for $18 million. Immediately after retirement of the shares, the balances in the paid-in capital—excess of par and retained earnings accounts are:` Paid-in capital—excess of par Retained earnings a. $ 1,068 $ 556 b. $ 1,064 $ 560 c. $ 1,080 $ 560 d. $ 1,080 $ 542
Business
1 answer:
liraira [26]3 years ago
5 0

Answer:

A

Explanation:

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Mike Hansen has adjusted gross income of $82,000. During the year, Mike decided he needed a larger home. He purchased a home on
viktelen [127]

Answer: $0

Explanation: The total amount of an individual's Gross income which is taxed is called the taxable income. An individual's Adjustable Gross Income may include expenses such as charitable contribution, mortgage interest, medical and some other eligible expenditure which are are deducted in other to lessen the taxable income of such individual. Such deductions are called the Itemized deductions.

However, personal expenses DO NOT CONTRIBUTE to an individual's Itemized deduction and as such, MIKE HANSEN'S ITEMIZED DEDUCTION IS ZERO.

The $6000 incurred is classed under personal expenditure and is not deductible.

6 0
3 years ago
The likelihood of Company A's stock price rising is 20%, and the likelihood of Company B's stock price rising is 30%. Assume tha
Volgvan

Answer: 44%

Explanation:

In probability, Independent event is simply an event that doesn't have anything to do with the occurrence or non-occurrence of another event.

From the question, we are informed that likelihood of Company A's stock price rising is 20%, and the likelihood of Company B's stock price rising is 30% and they are both independent.

Therefore, the probability that the stock price of at least one of the companies will rise goes thus:

P(at least one will rise) will be:

= 1 - P(both fall)

= 1 - [(1-0.20) × (1-0.30)]

= 1- (0.8 × 0.7)

= 1 - 0.56

= 0.44

= 44%

6 0
3 years ago
Warner Company’s year-end unadjusted trial balance shows accounts receivable of $112,000, allowance for doubtful accounts of $73
Sonbull [250]

Answer:

Debit bad debt expenses with $1,680, and credit Accounts receivable also with $1,680.

Explanation:

Uncollectibles = Accounts receivable × 1.50% = $112,000 × 1.50% = $1,680

The December 31 year-end adjusting entry for uncollectibles will be as follows:

<u>Details                                                 Dr ($)                  Cr ($)                </u>

Bad debt expenses                            1,680

Accounts receivable                                                      1,680

<u><em>Being the amount Accounts receivable estimated to be uncollectible</em></u>

<u><em /></u>

7 0
3 years ago
One of the advantages of _____ over other middleware is that it requires no configuration on the client side.
Semmy [17]
One of the advantages of JDBC <span>over other middleware is that it requires no configuration on the client side.
JDBC stands for </span><span>Java Database Connectivity and by using this, a programmer could determine how client could access the database according to the programmer's will.</span>
4 0
3 years ago
The demand curve facing a perfectly competitive firm is:
marta [7]

Answer:

A horizontal line at the market price

Explanation:

it's means that the price it receive is the same for every unit sold

8 0
2 years ago
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