Answer:
C
Explanation:
Euler Company made an inventory count on December 31, 2014. During the count, one of the clerks made the error of counting an inventory item twice. For the balance sheet at December 31, the effects of this error are overstated no effect overstated
This means the asset is overstate, no effect on liabilities and Euler Company 's equity is overstated
Answer:
b) assessment lien.
Explanation:
In this scenario, The City of Grand Rapids installed a new water main on Oak Street. The city then decided to charge the property owners along Oak Street a proportional cost of the new water main. If a property owner refuses to pay their proportional share of the cost, the city may file assessment lien.
Assessment lien can be defined as a hold or a legal claim on a property being owed by another, while benefiting from an improvement or modification made and shall be deducted from the client for the improvements made by a municipal owner.
Answer:
The statement is: True.
Explanation:
Environmental scanning refers to the analysis companies make of the immediate and further atmosphere that will allow them to spot <em>threats </em>to counteract or mitigate them and <em>opportunities </em>from where the firm can make a profit. Organizations engaging environmental scanning constantly review different mediums of communication and conduct researches that will keep them up-to-date on market fluctuations.
The answer is income statement, balance sheet, and statement
of cash flows. The income statement defines how the assets and
liabilities were used in the specified accounting period. The cash flow
statement clarifies cash inflows and outflows, and it
will eventually disclose the amount of cash the corporation
has on hand, which is also stated in the balance sheet.
Answer:
$13,500 $2,500
Explanation:
It is worth noting that preferred shares are so called because they enjoy preferential treatment when dividend is being distributed. The dividend for these shares must be distributed first before those of the ordinary or equity shares. Any dividends not paid in a given year is said to be in arrears and must be distributed when funds are available.
Therefore, Rachel's Designs owes dividends to preferred shareholders for the years 2016, 2017, and 2018.
Annual dividends to preferred shareholders
= No. of shares * Dividend rate * Par value of the share
= 1,500 * 6 % * 50
= 1,500 * 0.06 * 50 = $4,500
Amount of dividend owed to preferred shareholders
= Annual dividend * No. of years dividend is unpaid
= $4,500 * 3 = $13,500
Dividend for Common stockholders = $16,000 - $13,500
= $2,500