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slavikrds [6]
3 years ago
9

The ______is a financial statement detailing a firm's assets, liabilities, and owners' equity.

Business
1 answer:
Naddik [55]3 years ago
3 0
I had this question before, the answer I got correct is D
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On July 1, Marin Inc. purchases 440 shares of its $5 par value common stock for the treasury at a cash price of $12 per share. J
GrogVix [38]

Answer:

Explanation:

The journal entry is shown below:

On July 1

Treasury stock A/c Dr $5,280

        To Cash A/c $5,280

(Being purchase of treasury stock for cash is recorded)

The computation is shown below:

= Number of shares purchased × cash price per share

= 440 shares × $12

= $5,280

All other information which is given is not relevant. Hence, ignored it

8 0
3 years ago
The environment of business impacts all of the other environmental influences
bija089 [108]

Explanation:

The global environment affects all of the other environmental influences such as the economic, legal, and social environments because: the increase in free trade among nations and technological changes have created globalization and increased competition.

hope it will help you

7 0
1 year ago
How can I ensure that my coworkers and I are in a safe working environment
GalinKa [24]
How can I ensure that my coworkers and I are in a safe working environment. If your company has an industrial hygienist and also your safety officer can inspect.
6 0
3 years ago
The incentive to improve material well-being by seeking to gain from economic activities is called
Brums [2.3K]

Answer:

Profit Motive

Explanation:

Profit is the monetary gain or commercial reward for engaging in business. Profits increase the wealth of the entrepreneur.

The primary reason why Businesses are established is to generate profits for the owners.  Entrepreneurs commit their resources, time, and efforts to avail goods and services to society expecting to make profits. The desire to increase wealth through profits is what drives people to start a business.

8 0
2 years ago
"A company has a defined benefit pension plan for its employees. On December 31, year one, the accumulated benefit obligation is
tester [92]

Answer:

$6,100

Explanation:

Data given in the question

Accumulated benefit obligation = $45,900

Projected benefit obligation = $68,100

Fair value of the plan assets = $62,000

So, by considering the above information, the benefit plan recognized is

= Projected benefit obligation - fair value of the plan assets

= $68,100 - $62,000

= $6,100

Hence, the accumulated benefit obligation is ignored

7 0
3 years ago
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