A
A lot of Money in that business
Answer:
C. $1.54
Explanation:
The arnings per share is calculate using the net income and dividing it by the outstanding amount of shares.
If the company pays preferred stok dividends these will be discounted, but in this case, it has no information about that, so we should assume this dividend are common stock.
Therefore, do not impact on the earnings per share. So it keeps at 1.54 per share.
The true statement about the risk when investing is "typically, the higher the risk, the higher the potential for return".
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The term risk in investment is used for describing the possibility of an occurring difference between the actual return and the expected return on an investment.
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A higher risk means that you have a high possibility of gaining more or less from your expected return on your investment. </span>
Answer: the goodwill is $5000
Explanation:
We don't take into account $60,000 because we are going to use the fair value or the reasonable price.
Net assets = Assets-liabilities
Net assets = $98,000 - $23,000
Net assets= $75,000
Burrough Corporation pay $. 80,000 (We don't take into account $3000 paid to another firm)
So the goodwill pay is $80,000-$75000= $5,000
Answer:
Increase Rent Expense, $4,000; decrease Prepaid Rent, $4,000.
Explanation:
Since Fisher Shoe Store paid $24,000 to Acme Realty for 6 months rent beginning July 1, we will calculate monthly rent amount by:
24,000/6 = $4,000
Financial statements are prepared on July 31, so we will adjust the July rent in the adjusting entry.
We will debit the rent expense by $4,000 and credit the prepaid rent which is an asset to decrease it by an amount of $4,000.
