Answer:
each dollar that is invested by the shareholders
Explanation:
The formula to compute the return on equity is shown below:
Return on equity = (Net income) ÷ (total equity)
It shows a relationship between the net income and the total equity so that the correct percentage can be computed.
It also shows the profitability of the company which reflects each dollar that is invested by the shareholders
Answer:
c. Marketplace rewards unethical behavior.
Explanation:
In the long run duration for an organization, it is very well necessary to build up an value served to customers.
The values served to customers does not only include the quality of product, but includes the quality of service and behavior assigned with it.
As the ethics reflect the basic principles of moral values followed by the organization, they are important for any organization.
In the long run, no customer will stay with the organization which do not consider or choose to behave ethically, as that leads to negative goodwill in the economic environment for the organization.
Therefore, the statement valid, that is the wrong statement among all of the above is:
c. Marketplace rewards unethical behavior.
Answer:
Walter's recognized gain is $2,000
Explanation:
Walter's gain/loss = cash distribution - basis in the partnership = $18,000 - $16,000 = $2,000
A partner (Walter) does not have to recognize income on a non-liquidating partnership distribution of property other than money. This land distribution must be treated as a sale and recorded at fair market value.
Answer and Explanation:
The adjusting entry is shown below:
Salary expense Dr ($17,250 ÷ 5 days × 2 days) $6,900
To Salary payable $6,900
(Being salary expense is recorded)
here salary expense is debited as it increased the expense and credited the salary payable as it also increased the liabilities
