Accounting cycle has various steps to discuss, which are listed below,
Explanation:
- The first step in accounting cycle is to analyze and have a record of transactions.
- Post closing trial balance is an optional step in the accounting cycle.
- Journalizing and posting the closing entries are the steps required to complete throughout the accounting period.
- Adjustments of accounts, preparing the financial statements and closing accounts are completed at the end of accounting cycle period.
- The last step in the accounting cycle is to post closing trial balance.
<span>Regulatory agencies is the answer you need. Since the congress and its members can't know everything that there is to know about making sure that the laws are being obeyed, regulatory agencies were made to ensure that people obey the laws. Such agencies do different things, from making sure hygiene is up to making sure people pay their taxes.</span>
Photojournalist or a smoke jumper?
Increased US inhabitants,, extremely higher demand for jobs, maybe even shortages of them. Things like that.
Answer:
$85 per share and $35 per share
Explanation:
According to the scenario, computation of the given data are as follow:-
We can calculate the par of shares by using following formula:-
Corporation’s Preferred Stock‘s Par Value is
= Preferred Equity ÷ No. of Preferred Outstanding Shares
= $85,000 ÷ 1,000
= $85 per share
Corporation’s Common Stock‘s Par Value is
= Common Equity ÷ No. of Common Outstanding Shares
= $140,000 ÷ 4,000
= $35 per share