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Andru [333]
3 years ago
11

At the end of last year, the company's assets totaled $877,000 and its liabilities totaled $748,500. During the current year, th

e company's total assets increased by $59,700 and its total liabilities increased by $24,850. At the end of the current year, stockholders' equity was:
Business
1 answer:
sergey [27]3 years ago
6 0

Answer:

The options are:

A $34,850.

B $163,350.

C $128,500.

D $188,200.

$ 163,350.00,option B is correct

Explanation:

At the beginning of the current year ,the stockholders equity is the difference between total assets of $877,000 and total liabilities of $748,500 i.e $128,500 .

However,the increase or decrease to stockholders' equity in the current year is the difference between increase in total assets of $59,700 and the the increase in liabilities of $24,850 i.e $ 34,850.00  

Hence stockholders' equity=the initial stockholders' equity+increase=$128,500+$ 34,850=$ 163,350.00  

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6 0
3 years ago
J&amp;J Foods wants to issue 5.4 percent preferred stock with a stated liquidating value of $100 a share. The company has determ
Studentka2010 [4]

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$65.85

Explanation:

Calculation for What should the offer price be

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3 0
3 years ago
1. A = GDP deflator or the CPI for the United States
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Answer:CPI, GDP Deflator

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GDP Deflator is also a macroeconomic measure that measures the price level of all the new products produced domestically within a country in a specified year or period.

Both GDP DEFLATOR AND CPI ARE VERY USEFUL IN DETERMINING THE PERFORMANCE OF AN ECONOMY AS GDP DEFLATOR MEASURES DEFLATION,CPI MEASURES PRICE INFLATION IN A SPECIFIC OR BASE YEAR UNDER REVIEW.

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3 years ago
Developing countries fall into two categories, moderately developed and less developed. Which of the following is not classified
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Answer:

Thailand

Explanation:

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3 years ago
Jeremy operates a business as a sole proprietorship. The proprietorship uses the cash method of accounting. He decides to incorp
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Answer:

$13,000

Explanation:

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Jeremy operates a business as a sole proprietorship which uses a cash method of accounting. Now he is planning transfer them into a new corporation in  exchange for its stock.

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have a basis of​ $20,000  and an FMV of​ $40,000

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Therefore , Jeremy's basis for his stock is : $20,000 -$7,000 = $13,000

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The liabilities payable will be deducted and taken care of by the corporation.

8 0
3 years ago
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