Answer:
Dr cash $303,500
Cr common stock $133,500
Cr paid in capital in excess of par value $170,000
Second issue of shares:
Dr cash $74,000
Cr common stock $74,000
Explanation:
The cash received from the issuance of 44,500 at $3 par value is $303,500 which is to debited to cash and credited to common stock for$133,500 ($3*44,500) while the balance of $170,000 ($303,500-$133,500) is credited to paid in capital in excess par value account.
On the issuance of no par value common stock for cash of $74,000,the cash account is debited as usual with $74,000 while the common stock account is credited with same amount.
Answer:
401 retairement plan
Explanation:
A 401(k) is a retirement plan based on savings with the contribution of the employer. The contribution made by the employer and portion of the wage that is saved is collected before taxes.
The consumer surplus of Alexis, Bruno, and Camila increases by $7.
<h3>What is consumer surplus?</h3>
Consumer surplus is the difference between the willingness to pay of a consumer and the price of the good.
Consumer surplus = willingness to pay – price of the good
Initial consumer surplus = ($12 - $6) + ($8 - $6) = $8
New consumer surplus = ($12 - $3) + ($8 - $3) + ($4 - $3) = $15
Change in consumer surplus = $15 - $8 = $7
Here is information on the question:
Alexis is willing to pay $12, Bruno is willing to pay $8; and Camila is willing to pay $4. The market price is $6.
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Answer:
The correct answers are letters "C" and "D": Jane's Schedule C net profit; Qualified Publicly Traded Partnership (PTP) income.
Explanation:
The Qualified Business Income Deduction or QBI allows up to 20% of deductions for people who file small businesses taxes in personal statements. The rule mainly applies to all those activities developed in a sole proprietorship. Capital gains, losses, dividends, and interest are not eligible for this type of deductions. A schedule C (form 1040) or a qualified Publicly Traded Partnership (PTP) income can be subject to this deduction.