...increase due to unemployed people becoming employed and joining labor force, along with the fact that the working age population is staying constant
The correct entry to record the transaction concerning the company's sale of 10,000 shares of previously authorized stock is <u>a debit to Cash of $100,000 and a credit to Common Stock $100,000</u>.
<h3>Data Analysis:</h3>
Number of shares sold = 10,000
Par value =$10 per share
Cash $100,000 Common Stock $100,000
Thus, the correct entry to record this stock sale is <u>a debit to Cash of $100,000 and a credit to Common Stock $100,000</u>.
Learn more about recording the issuance of stock here: brainly.com/question/25562729
Answer:
Record of transaction is given below
Explanation:
given data
Selling price of goods = $900
Cost of goods sold = $590
solution
we get here Record of transaction in Rita Company that is
Inventory accounts Dr $900
Account payable Cr $900
and
Record of transaction in Linus Company is
Account receive able Dr $900
Sales revenue Cr $900
and
Cost of goods sold Dr $590
Inventory Cr $590
Answer:
the amount of its liabilities is $285,000
Explanation:
From the Accounting Equation, we know that :
Assets - Liabilities = Equity
Therefore,
Liabilities = Assets - Equity
= $710,000 - $425,000
= $285,000
Answer:
Option (d) is correct.
Explanation:
The information given in the question clearly shows that the value of goods and services U.S imported from Australia is greater than the value of goods and services Australia imported from the U.S. This exchange of goods and services between these two nations also shows that exports of Australia towards U.S. are greater than the exports of U.S. towards the Australia.
Balance of trade or Trade Balance or Net exports:
= Exports - Imports
Since Australia's Exports are greater than its imports, so Australia has a positive net exports and a trade surplus and U.S's Exports are less than its imports, so U.S has a negative net exports and a trade deficit with Australia.
