Answer:
Dr Cash 800,100
Cr Preferred stock 622,300
Cr Additional paid in capital, preferred stock 177,800
Explanation:
Preferred stocks and common stocks are part of stockholders' equity. Whenever they are sold above par value, the difference must be recorded as additional paid in capital. You must also specify which stocks were sold at a higher value.
Answer:
$5,624
Explanation:
Data provided in the question:
Reported schedule C net profits = $5,624
Health insurance premiums paid = $7,545
Long-term care insurance premiums paid = $600
Now,
The total health care premium
= Health insurance premiums paid + Long-term care insurance premiums paid
= $7,545 + $600
= $8,145
But Serena's health care deduction is limited Reported schedule C net profits
Therefore,
Serena’s self-employed health care deduction will be $5,624
Answer: The correct answer is "sole proprietorship".
Explanation: The profits are donated to an orphanage. In the given scenario, Jovi's Corner is most likely an example of a <u>sole proprietorship.</u>
Clearly Jovi's Corner is an example of sole proprietorship since at the death of its owner there was no heir to manage the store or any partner or employee who had sufficient capacity and interest to continue managing the store.
Answer:
as part of other income.
Explanation:
A bond's interest income is obtained by multiplying the carrying amount and the market interest rate. Bonds pay interest to the bondholder and when the security is mature it pays off the principal invested. Interest payments are not fixed but rather vary with level of earnings of the company.
Interest revenue on bonds is considered as part of other income because it is income realised from non operating activities, so it cannot be classified as operating income.
The CPSC make rules following a scientific process to understand and be able to allow products in the market. They require safety procedures and inspection. Failure to follow their rules and standards would end to rejection and total ban. The CPSC strictly adheres and had been given the authority with their procedure for safety.