Answer:
authorized 100,000
issued 70,000
outstanding 70,000 - 4,000 treasury stock = 66,000
Explanation:
The amount authorized doesn't change unless the company start the legal procedure to do it.
The shares, once issued, can't be destroyed.
Te outstanding shares are the mount in the market, that will be the issued shaes less the treasury stock, which are shares in the company's possesion.
Solution:
Accounts Payable $2900
Cash $2691
Inventory $209
Cleveland didn't pay during the discount period,
So the amount due is $2,700 - 450 = $2,250
Cash was charged in freight charges prior to delivery of the invoice.
Answer:
The answer is: Income statement
Explanation:
As she wants to get information on sales and costs, the Income statement is the statement that she should looking for. With the Balance sheet statement, it only shows information on the financial position reporting the firm's assets, liabilities and owner's equity at a specific point in time rather than the sales and costs firgures during the reporting period.
Furthermore, she should opt for Income statement rather than the common-size income statement because the common-size income statement hardly illustrates any trend during the recent years/ reporting periods, instead, it is only shown each revenue and cost items as percentage of total sales in a specific period.
In the income statement, there should be enough information for the new CFO to find trends on revenues and costs (if any) because the revenue and cost items is detailed enough and at least it should be given the comparision between sales & costs of the reporting period versus the firgures of the previous reporting period.
Answer: Option A
Explanation: In simple words, complement goods refers to those goods which are used together for example - diesel and diesel car. If the price of diesel increases then the demand for diesel cars will decrease as the consumers will shift to petrol cars or other such means.
These goods depicts negative relationship between price of one and demand for another.
Hence from the above we can conclude that the correct option is A .
