Answer and Explanation:
The journal entry to record the issuance of the stock in exchange of the land and the building is as follows:
Land $235,000
Building $380,000
To Common stock, $8 par value (26,000 shares × $8) $208,000
To Paid-in capital in excess of par value, common stock $407,000
(To record the issuance of the stock in exchange of the land and the building)
Here the land and building is debited as it increased the assets and the common stock and its paid in capital is credited as it also increased the stockholder equity
Answer:
c. Total units accounted for = units in ending work in process + units transferred out
Explanation:
Total units accounted -
It refers to the total units completed during any work process , is referred to as the total units accounted .
i.e. ,
The total units accounted is the sum of the units transferred out plus the units in the end of the process .
Hence ,
Total units accounted for = units in ending work in process + units transferred out , is the correct equation .
$613.04 will the investment be worth in 12 years.
<h3>What is
investment?</h3>
The dedication of an asset to achieve a gain in value through time is referred to as investment. Investment necessitates the sacrifice of a current item, such as time, money, or effort. The goal of investing in finance is to earn a return on the invested asset.
Income investing is an investment approach that focuses on constructing an investment portfolio that is expressly designed to provide recurring income. The income investing strategy's main goal is to generate a consistent stream of income.
The type of investor you are and how you should make investments are determined by your investing personality. Your investing personality is essentially your financial risk profile, which considers aspects such as age, financial history, circumstances, and investment aspirations.
To know more about investment follow the link:
brainly.com/question/25300925
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Answer:
option A
Explanation: A firm cannot avoid paying taxes on previous profits as these profits were earned before the shutting down period and generally the taxes on profits for current period are paid at a later period. Thus option B is incorrect.
.
Revenue is the total income that a business gets from its normal operations and variable cost is the cost that changes with the level of output. Thus, there will be no revenue and also variable cost. Hence option C is incorrect.
.
Sunk cost are the costs that cannot be recovered and are already been incurred.So a company can avoid its variable cost by shutting down but not its sunk cost. Hence option D is incorrect.
.
Fixed costs are the costs that are independent of the level of output. Therefore, a company after shutting down will not receive revenue but will have to bear fixed cost. Hence option A is correct.
Answer:
The total turnover increases
Explanation:
Asset Turnover Ratio is a measure of how efficient the assets of a company is when compared with the company's sales or revenue. To calculate Asset turnover ration, the<u> net sales is set as a percentage of the company's total assets. </u>
The higher the turnover of the asset based on the calculation then the higher the chances that organisation is generating revenue efficiently from its assets. A lower turnover however is the implication that the company is not efficiently using its assets and it could imply some internal issues.
Therefore, the higher the sales without any change in assets means the Asset Turnover will increase or be higher and it will indicate higher efficiency
