Because of those issued transaction, Edwards Co. must provide the disclosure about the stock issuance in the footnotes included with the December 31, Year 1 financial statements
A Footnote is a section for financial disclosure that shows how the numbers in the statement of financial position and cash flow statements were determined.
- Here, there are various stocks in Edward Company which were issued in the accounting year.
Hence, because of those issued transaction, Edwards Co. must provide the disclosure about the stock issuance in the footnotes included with the December 31, Year 1 financial statements
Read more about Footnote
<em>brainly.com/question/25306530</em>
Answer:
Movement along
Explanation:
As we know that
There is an opposite relationship lies between the price and the demanded i.e. quantity as per the law of demand that means if the price increased than the quantity demanded decreased and vice versa
But when some changes are there in quantity demanded by having change in price keeping other things remain constant so the change in quantity demanded would be movement along with the demand curve and the same is to be considered
Answer:
Molding Department Work In Process Account (debit)
Assembly Department Process Account (credit)
Explanation:
When the molds are then transferred to the Assembly Department the Journal entry entry will be :
<em>Molding Department Work In Process Account (debit)</em>
<em>Assembly Department Process Account (credit)</em>
This recognises accumulation of manufacturing cost in Molding Department and de-recognises the Inventory in Molding Department Work In Process Account.
Answer:
yield to maturity is 6.37%
Explanation:
Face value (FV): $10,000
Coupon rate: 4.5% -> counpon received semi-annually = $10,000 * 4.5%/2 = $225 (PMT)
Tenor: 8 years -> number of payments (NPer): 16
The price of bond today is $8,840 (PV)
We can use excel to calculate the rate as YTM (yeild to maturity)
= Rate(Nper,PMT,-PV,FV) = rate(16,225,-8840,10000)
= 3.19% (semi-annual)
-> annual rate or YTM = 6.37%