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marishachu [46]
2 years ago
5

Buying a new building increases business Land/capital

Business
2 answers:
Marysya12 [62]2 years ago
8 0

Answer:

land

Explanation:

why because buying a capital we'll be to much

Sergio [31]2 years ago
8 0
LLLLLLLLLLLLLLLLLLLLLLLLLL LLLLLLLLLLLLL
You might be interested in
Morrow Enterprises Inc. manufactures bathroom fixtures. The stockholders’ equity accounts of Morrow Enterprises Inc., with balan
ser-zykov [4K]

Answer:

A) Entering the January 1 Balances in T-Accounts for ther Stockholders Equity Accounts Listed:

                                               Common Stock

                Jan. 1 Bal.                         $7,340,000

                  Apr. 10                                 $1,420,000

                   Aug. 15                         $262,800

                   Dec. 31 Bal                         $9,022,800

          Paid-In Capital in Excess of Stated Value - Common Stock

                         Jan. 1 Bal.            $844,100

                            Apr. 10            $213,000

                             July 5             $78,840

                         Dec. 31 Bal            $1,135,940

                                                Retained Earnings

     Dec 31                $379,723     Jan. 1 Bal.     $33,388,000

                                                            Dec 31    $1,131,500

                                                           Dec. 31 Bal     $34,519,500

                                                  Treasury Stock

Jan. 1 Bal.         $341,640           June 6 $341,640

Nov 23                 $504,000  

Dec. 31 Bal         $504,000  

                  Paid-In Capital from Sale of Treasury Stock

                                 June 6                 $228,000

                                   Stock Dividends Distributable

Aug 15                     $262,800        July 5 $262,800

                                    Stock Dividends

July 5                     $341,640        Dec 31 $341,640

                                    Cash Dividends

Dec 28                    $38,083              Dec 31                         $38,083

B) Preparing the Journal Entries to Record the Transactions:

Date             General Journal                     Debit              Credit

Jan 22 Cash Dividends Payable

           [(367,000 shares - 22,800 shares) * $0.09]                       $30,978  

                                 Cash                                                         $30,978

-Look below for more explanation

Explanation:

A) Entering the January 1 Balances in T-Accounts for ther Stockholders Equity Accounts Listed:

                                               Common Stock

                Jan. 1 Bal.                         $7,340,000

                  Apr. 10                                 $1,420,000

                   Aug. 15                         $262,800

                   Dec. 31 Bal                         $9,022,800

          Paid-In Capital in Excess of Stated Value - Common Stock

                         Jan. 1 Bal.            $844,100

                            Apr. 10            $213,000

                             July 5             $78,840

                         Dec. 31 Bal            $1,135,940

                                                Retained Earnings

     Dec 31                $379,723     Jan. 1 Bal.     $33,388,000

                                                            Dec 31    $1,131,500

                                                           Dec. 31 Bal     $34,519,500

                                                  Treasury Stock

Jan. 1 Bal.         $341,640           June 6 $341,640

Nov 23                 $504,000  

Dec. 31 Bal         $504,000  

                  Paid-In Capital from Sale of Treasury Stock

                                 June 6                 $228,000

                                   Stock Dividends Distributable

Aug 15                     $262,800        July 5 $262,800

                                    Stock Dividends

July 5                     $341,640        Dec 31 $341,640

                                    Cash Dividends

Dec 28                    $38,083              Dec 31                         $38,083

B) Preparing the Journal Entries to Record the Transactions:

Date             General Journal                     Debit              Credit

Jan 22 Cash Dividends Payable

           [(367,000 shares - 22,800 shares) * $0.09]                       $30,978  

                                 Cash                                                         $30,978

Apr 10            Cash (71,000 shares * $23)        $1,633,000  

                            Common Stock                                             $1,420,000

                       (71,000 shares * $20)

                  Paid-In Capital in Excess                                               $213,000

            of Stated Value - Common Stock  

                  [71,000 shares à ($23 - $20)]

June 6     Cash (22,800 shares * $27)                $615,600  

                   Treasury Stock (22,800 shares * $17)                        $387,600                                        

                        Paid-In Capital from Sale of

                 Treasury Stock [22,800 shares * ($27 - $17)]     $228,000

July 5 Stock Dividends [(367,000                     $341,640

              shares + 71,000 shares) * 3% * $26]

Stock Dividends Distributable (13,140 shares * $20)                 $262,800

                   Paid-In Capital in Excess of Stated

            Value Common Stock [13,140 shares * ($26 - $20)]  $78,840

Aug 15                 Stock Dividends Distributable $262,800  

                                          Common Stock                                $262,800

Nov 23         Treasury Stock (28,000 shares * $18)    $504,000  

                                            Cash                                              $504,000

Dec 28           Cash Dividends [(367,000 shares

                         + 71,000 shares + 13,140                   $38,083  

                         shares - 28,000 shares) * $0.09]

                                 Cash Dividends Payable  $38,083

Dec 31                     Income Summary               $1,131,500  

                                         Retained Earnings                        $1,131,500

Dec 31                        Retained Earnings               $379,723  

                                         Stock Dividends                                $341,640

                                             Cash Dividends                         $38,083

C) Preparing a Retained Earnings Statement for the Year Ended December 31, 2015:

                                 MORROW ENTERPRISES INC.

                                 Retained Earnings Statement

                           For the Year Ended December 31, 2015

Retained earnings, January 1, 2015                                   $33,388,000

         Net Income                                             $1,131,500  

          Less: Cash dividends                          ($38,083)  

Stock dividends                                               ($341,640)  

Increase in retained earnings                                                   $751,777

Retained earnings, December 31, 2015                             $34,139,777

D) Preparing the Stockholder's Equity Section of the December 31, 2015, Balance Sheet:

                                          Stockholdersâ Equity

Paid-in capital:  

Common stock, $20 stated value

(500,000 shares authorized, 451,140                 $9,022,800

shares issued)

Excess of issue price over stated value         $1,135,940  

From sale of treasury stock                              $228,000  

Total paid-in capital                                                             $10,386,740

Retained earnings                                                                     $34,139,777

Total                                                                                    $44,526,517

Deduct treasury stock 28,000 shares at cost)  $504,000

Total stockholdersâ equity  $44,022,517

5 0
3 years ago
♡
crimeas [40]

Answer:

I think the answer is a sketched floor plan

7 0
3 years ago
Read 2 more answers
Describe the importance of employee benefits as a strategic component of fulfilling the goals of hrm?
Tanya [424]

Employee benefits have become more significant and diverse

Employee benefits

  • Typically, membership-based incentives are provided to recruit and retain staff.
  • Although they have no direct impact on a worker's performance, insufficient benefits make workers unhappy.

The Price of Offering Employee Benefits

  • The cost of benefits and services is around 40% of an organization's payroll expense.
  • When significant wage and salary increases are not possible, benefits become the main topic of discussion with employees.

Community Security

  • Funded by equal contributions from the employer and the employee, based on a percentage of wages.
  • Offers retirement income, income for disabled workers, and money for surviving dependents.
  • offers Medicare some health insurance coverage.

Unemployment Insurance

  • Employers who pay both federal and state taxes on the taxable wage base provide the funding.
  • Tax rates vary depending on an organization's history with unemployment.

learn more about Employee Benefits here

brainly.com/question/15177448

#SPJ4

7 0
1 year ago
The 2020 accounting records of Splish Brothers Inc. reveal these transactions and events. Payment of interest $ 10,400 Collectio
Alekssandra [29.7K]

Answer and Explanation:

The Preparation of cash flows from operating activities section using the direct method is shown below:-

                                  Splish Brothers Inc.

               Statement of Cash Flows using Direct method

                           For the Year ended 2020

Particulars                                                                        Amount

Cash Flows from operating activities:

Cash collection from:-  

Customers

($49,300 + $189,500)                       $238,800

Dividend Revenue                            $17,900                  $256,700

Less: Cash payments for

Interest                                              ($10,400)

Income Taxes                                    (15,000)

Salaries and wages                           (57,700)

Operating Expenses                        ($28,400)

Cash payment to

Suppliers for Merchandise               ($115,400)              $226,900

Net Cash provided by operating activities                     $29,800

Since the cash payment reflects the cash outflow so this items would be represented in a negative sign and the cash collections reflects the cash inflow so this item would be represented in a positive sign

3 0
3 years ago
What are the two types of products that
BaLLatris [955]
C -meats and vegetables
8 0
3 years ago
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