Answer:
Dr Land account 90,000
Cr Preferred Stock account 81,250
Cr Paid-in Capital in Excess of Par Value - Preferred Stock account 8,750
Explanation:
When preferred stock is sold, the transaction must be recorded at par value in the preferred stock account. Any amount of money received over par value, must be recorded in the paid-in capital in excess of par value - preferred stock account.
Answer:
$3,225
Explanation:
The computation of the amount reported as an ending inventory is shown below:
Date Particulars Units Cost Amount
1 -1 Op Balance 1,000 $1 $1,000
1 -7 Purchases 600 $3 $1,800
Total 1,600 $1.75 $2,800
($2,800 ÷ 1,600 units)
1 -20 COGS 900 $1.75 $1,575
Total 700 $1.75 $1,225
1 -25 Purchases 400 $5 $2,000
Ending inventory 1,100 $2.9318 $3,225
($3,225 ÷ 1,100 units)
We simply added the purchase units with the opening balance and deduct the cost of goods sold units from the opening balance so that the correct ending inventory amount could arrive
<span>Bob can claim Sara, but not Joan. To qualify for the Earned Income Credit, a child must be under the age of 19 (or under 24 if a student) or disabled, a child or direct descendant including grandchildren, living as a resident in your home with you for over half the year, having a valid social security number, and not claimed by someone else. Joan is not disabled or under 19, so she does not qualify. Sara is a direct descendant of Bob under 19 with a valid SSN who lives with him more than half the year, so she qualifies as long as Joan does not claim her.</span>
Answer:
The answer is 
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Explanation:
![\to [\$500,000 (\frac{1}{3} \times \$1,500,000) + \$250,000 (\frac{1}[3} \times \$750,000 + \$450,000 (\frac{1}[2} \times \$900,000]\\\\\\to \$1,200,000](https://tex.z-dn.net/?f=%5Cto%20%5B%5C%24500%2C000%20%28%5Cfrac%7B1%7D%7B3%7D%20%5Ctimes%20%5C%241%2C500%2C000%29%20%2B%20%5C%24250%2C000%20%28%5Cfrac%7B1%7D%5B3%7D%20%20%5Ctimes%20%5C%24750%2C000%20%2B%20%5C%24450%2C000%20%28%5Cfrac%7B1%7D%5B2%7D%20%20%5Ctimes%20%5C%24900%2C000%5D%5C%5C%5C%5C%5C%5Cto%20%5C%241%2C200%2C000)
Though this tree farm is jointly held, Aiden is assumed to have given 1/3 of the treatment because his mother gave her a gift to create the lease. The tenancy of the major chunk is subjected to the fifty percent spouse exclusion rule. None of the structures is included as Chloe does not escape Aiden.
Answer: 1. Convertible bond
2. Putable bond
3. Purchasing power bond.
Explanation:
The $100,000 investment is a convertible bond. This is a fixed-income debt security which yields interest payments. It should be noted that it can also be converted to equity shares or common stock.
Nazeem should pick a putable bond. This is because the puttable bond has a put option that is embedded ans he can also demand his principal to be paid early.
Nazem also recently bought bonds that have their interest rate tied to the consumer price index (CPI) so that he will be protected if inflation rates increase. Nazem has invested in purchasing power bond .
