Answer:
$126,000
Explanation:
Net income is computed by deducting total expenses from total income.
Accordingly,
net income = total revenue - total expenses
= 783,000 - 657,000
= $126,000
Additional common stock issuance will increase common stock and cash balance (both on the statement of financial position, not the income statement). Dividend payment is deducted after net income, and does not affect net income computation.
Answer:
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Explanation:
wjeres the picthere is no picyure attached
Answer:
The amount of pension expense reported for 2013 is $330,000
Explanation:
In order to calculate the amount of pension expense reported for 2013 we would have to use and calculate the following formula according to the given data:
amount of pension expense reported for 2013= $250,000 + ($2,400,000 × 0.10) - ($1,600,000 × 0.10)
amount of pension expense reported for 2013= $330,000
The amount of pension expense reported for 2013 is $330,000
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Answer: D. net demander of funds because it borrows more than it saves
The government incurs more debts than gain profits as shown by most financial reports. The government is viewed similarly to that of business firms being net demanders by loaning huge amounts to financial institutions indirectly. The indirect borrowing done by government is done through debt security selling.
