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Maksim231197 [3]
3 years ago
12

For each transaction, indicate the transaction's effect on the company's accounting equation by selecting either increase, decre

ase, or no effect for each area of the accounting equation. Do not leave any of the fields below blank.
(If the transaction were to cause an increase and decrease to the same area of the accounting equation, "no effect" should be chosen as the overall effect to that area)
A. On May 1, issued 20,000 shares of $10 par common stock for $20 per share.
B. On June 1, purchased 4,000 shares of treasury stock for $25 per share.
C. On Sept 1, declared a 4-for-1 stock split.
D. On Oct 1, declared a dividend of $10,000 to be paid on Nov 15.
E. On Nov 15, paid the dividend previously declared on Oct 1.
Business
2 answers:
lbvjy [14]3 years ago
8 0

Answer:

C

Explanation:

statuscvo [17]3 years ago
7 0
Answer c
Step by step explanation
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Jackpot Mining Company operates a copper mine in central Montana. The company paid $2,000,000 in 2021 for the mining site and sp
ludmilkaskok [199]

Answer:

1) total cost $3,209,909

<u><em>journal entries:</em></u>

copper deposit    3,209,909 debit

       cash                          2,800,000 credit

       restoration liability       409,909 credit

Explanation:

mine deposit: 2,000,000 land

                    +    800,000 extraction

                   <u>  +   409,909</u> restoration cost

                       3,209,909‬  total cost

expected monetary value of the restoration cost:

\left[\begin{array}{cccc}$Electrical&Return&Probability&Weight\\$One&500,000&0.25&125,000\\$Second&600,000&0.4&240,000\\$Third&800,000&0.35&280,000\\$Total&&1&645,000\\\end{array}\right]

<em><u>preset value of restoration cost:</u></em>

\frac{Maturity}{(1 + rate)^{time} } = PV  

Maturity  $645,000.00

time  4.00

rate  0.12000

\frac{645000}{(1 + 0.12)^{4} } = PV  

PV   409,909.1606

4 0
3 years ago
what is the name for goods and services produced in one country that are then sold in other countries?
Deffense [45]

Answer:

export

Explanation:

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2 years ago
What are some simlarities between saving and investing?
uysha [10]

Answer:

A similarities between saving and investing

1) Its about money.

2) Investing is similar to saving because you’re putting away money for the future. But you're trying to earn more money.

Explanation:

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3 years ago
During 2020, Sarasota Furniture Company purchases a carload of wicker chairs. The manufacturer sells the chairs to Sarasota for
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Answer

The answer and procedures of the exercise are attached in the following archives.

Step-by-step explanation:

Gross profit = Sales - Cost of goods sold

= (440 x 90 + 220 x 80 + 264 x 50) - (440 x 56.7 + 220 x 50.4 + 264 x 31.5)

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= 70,400 - 44,352

= $26,048

Ending inventory schedule attached in the excel archive

You will find the procedures, formulas or necessary explanations in the archive attached below. If you have any question ask and I will aclare your doubts kindly.  

Download xlsx
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3 years ago
Protecting intellectual property rights can result in new inventions that help the economy to grow. True False
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True hope this answers this question
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