Answer:
Estado de inmovilidad de un cuerpo sometido a dos o más fuerzas de la misma intensidad que actúan en sentido opuesto, por lo que se contrarrestan o anulan.
Estado de inmovilidad de un cuerpo, sometido únicamente a la acción de la gravedad, que se mantiene en reposo sobre su base o punto de sustentación.
Explanation:
Answer:
B. False
Explanation:
There was economic prosperity in the US economy.
Answer: Accrual accounting
Explanation: Under the accrual method of accounting, the entity records the revenues and expenses in the period of their occurrence, regardless when the cash is exchanged.
In the given case, Porite is recognizing revenues in the same period for the account receivable of asset from which that revenue is generated. Hence, the receiving of revenue is not taken into consideration.
Hence, from the above we can conclude that the practice of Porite is an example of accrual accounting.
Answer:
Detailed step-wise solution is given below:
Answer:
Explanation:
Given:
Excess cash = $218,500
Assets = $897,309
Equity = $547,200
outstanding shares of stock = 40,000
Net income = $59,800.
Repurchase program = 15% of excess cash
Book value per share (price per share) = equity/number of shares
= $547200/40000
= $13.68 per share
Total cost of repurchase program = percentage of excess cash used × value of excess cash
= 15/100 × 218500
= $32775
Total number of shares bought in repurchase program = total cost of the repurchase program/price per share
= $32775/$13.68
= 2395.8 shares
= 2395 shares
