1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
cupoosta [38]
3 years ago
11

Maso Company recorded journal entries for the issuance of common stock for $200,000, the payment of $65,000 on accounts payable,

and the payment of salaries expense of $105,000. What net effect do these entries have on stockholders’ equity?
A, increase of $200,000
B, Increase of $135,000
C, Increase of $95,000
D, Increase of $30,000
Business
1 answer:
cricket20 [7]3 years ago
7 0

Answer:

Increase of $95,000

Explanation:

Stockholder equity: It records the issue of shares, retained earnings, and deduct the dividend amount if declared.

The expenses which are related to the business is directly or indirectly affect the stockholder equity.

So, the net effect is shown below:

Issuance of common stock = $200,000

Less - Payment of salaries expense = $105,000

So, the net effect would be equal to

= $200,000 - $105,000

= $95,000

The accounts payable does not affect stockholder equity. So, it would not be considered.

This $95,000 would increase stockholder equity.

You might be interested in
Scenario: You have advised the owner of Bond's Gym that the best thing to do would be to raise the price of a monthly membership
Lyrx [107]

Current members will pay more per month.

The quantity demanded for memberships will decrease.

The owner will make more money.

7 0
3 years ago
Read 2 more answers
What is an externality? someone who wouldn't choose to pay for a certain good or service but who'd get the benefits of it anyway
vlabodo [156]

An externality is defined as the cost or benefit that affects a group when the group did not choose to receive that cost or benefit. This results in either a position or negative consequence based on what happened to a third party that was not origionally involved.

Someone who wouldn't choose to pay for a certain good or service but who'd get the benefits of it anyway is the best definition given to be the answer to this question.

3 0
3 years ago
Jada, when she turned 38, made an investment of $25,000 at an interest rate of 7.8% per year, compounded every 3 months. Now tha
dimulka [17.4K]

Answer:

When Jada is 44 years, the investment will be worth $39,741

Explanation:

time will be 44 - 38 = 6

t = 6 years

compounded every 3 month means 4 times a year (12/3 = 4)

n = 4

r = 7.8%

p = $25,000

FV = P(1 + \frac{r}{n} )^ {nt}\\FV = 25000(1 + \frac{0.078}{4})^{4 * 6}\\FV = 25000(1 + 0.0195)^{24}\\FV = 25000(1.0195)^{24}\\FV = 25000 * 1.589620748\\FV = 39740.518710589\\FV = 39741

4 0
2 years ago
1. Select why manufacturers use a predetermined overhead rate to apply manufacturing overhead to their jobs. (You may select mor
Lady bird [3.3K]

Answer:

The correct answer is: Manufacturers use predetermined overhead rates to allocate to production jobs the production costs that are not directly traceable to specific jobs.

Explanation:

If we are able to trace a cost directly to a product we will not include it in manufacturing overhead. Manufacturing overhead was created to allocate costs that are not directly traceable to a product. It helps manufacturers to allocate costs with certain precision.

3 0
3 years ago
Making a Decision as Chief Financial Officer: Contingent Liabilities
Verizon [17]

Answer:

sry need points

Explanation:

3 0
2 years ago
Other questions:
  • How much tax is taken out of a mcdonalds paycheck?
    8·2 answers
  • Sandhill Company reports the following operating results for the month of August: sales $382,500 (units 5,100), variable costs $
    6·1 answer
  • ​there are various encryption methods, but __________ is the encryption standard currently used worldwide.
    7·1 answer
  • 2 reasons why it is important to learn how to use a budget
    15·1 answer
  • Special Order Nature's Garden, a new restaurant situated on a busy highway in Pomona, California, specializes in a chef's salad
    9·1 answer
  • The effective interest amortization method: Multiple Choice Allocates bond interest expense over the bond's life using a changin
    7·1 answer
  • Le Son, Inc., has current liabilities of $11,700 an accounts receivable of $15,200. The firm has total assets of $43,400 and net
    14·1 answer
  • how all calculations: Palmer Inc. currently produces 110,000 units at a cost of $440,000. Next year Palmer Inc. expects to produ
    10·1 answer
  • How much interest you pay depends on_________
    9·1 answer
  • What is used to calculate the cost of living index
    9·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!