Answer: An unearned revenue
Explanation: When any individual or entity receives money from customers for such service which has not been performed yet, then such income is termed as unearned revenue.
Unearned revenue is considered to be the liability of the recipient and and asset for the payee.
So from the above explanation we can conclude that right option is unearned revenue.
Answer:
Adam Smith, author of "The Wealth of Nations", was a staunch believer in the free market and private property. Karl Marx, on the other hand, believed that the free market was destroying the world and leading to the "exploitation" of the middle class and the poor.
Answer:
total dividends distributed to common stock $6,000
dividends per common stock $0.12
Explanation:
preferred stock dividends = 1,000 x 6% x $50 = $3,000
since they are cumulative, if the dividends are not paid during one year, they must be paid in the next periods
the distribution of the $10,000 in dividends in 2018:
- preferred dividends = $1,000 + $3,000 = $4,000
- common stock dividends = $6,000
dividends per common stock = $6,000 / 50,000 = $0.12
Answer:
$347,697
Explanation:
The interest revenue which shall be recorded by the Savor Corporation for the year ended 2018 in respect of equipment leased to Spree Company shall be calculated using the following mentioned formula:
Interest revenue=(Present value of lease equipment as at January 1, 2018-payment made on January 1, 2018)*interest rate
In the given question:
Present value of lease equipment as at January 1, 2018= $4,561,300
Payment made on January 1, 2018=$698,000
Interest rate=9%
Interest revenue=($4,561,300-$698,000)*9%=$347,697
