Answer:
Amount of the company's total capital stock at December 31, 2019:
Common stock = 8,000 x $15 = $120,000
Preferred stock = 2,000 x $30 = <u>$60,000</u>
Total issued share capital $180,000
Add: Net income at 31 December, 2019 <u>$375,000</u>
Total capital stock <u>$ 555,000</u>
<u />
Explanation:
Total capital stock is the aggregate of par value of common stock, par value of preferred stock and net income.
Answer:
D. Any of the above, depending on the transactions
Explanation:
The double entry principle simply means that any accounting transaction has two records: one credit, and one debit, and it depends on the nature of the transaction, and of the accounts involved which specific value is credited and which one is debited.
For example, if a firm purchases 100$ of office supplies with cash, the credited account is cash, because cash is reduced by $100, while the office supplies account is debited by the same value.
If a firm sells 100$ of office supplies instead, the office supplies inventory is credited for this value, while the same amount of cash is debited for this same amount.
Tactical adoption is a quick-sighted technique, deploying cloud offerings incrementally, resulting in apps and offerings which might be patched collectively to create give-up-to-cease enterprise processes.
Cloud adoption is a method utilized by organizations to enhance the scalability of net-based database capabilities at the same time as lowering fee and dangers. To achieve this, organizations interact within the exercise of cloud computing or the use of faraway servers hosted at the net to save, control, and procedure essential records.
The primary benefit of cloud adoption is that it gives scalable organization IT with velocity. Speed may be understood as performance and is a pre-requisite for gaining competitive gain. The cloud offers the required speed for a corporation to release new products quickly and advantage competitiveness in markets without problems.
Learn more about organization here: brainly.com/question/24448358
#SPJ4
Answer:
$1,000
Explanation:
For the computation of overhead over/under applied last year first we need to find out the applied overhead which is shown below:-
Applied overhead = Actual direct labor × Per direct labor
= 24,000 × $2
= $48,000
Over applied overhead = Applied overhead - Actual overhead
= $48,000 - $47,000
= $1,000
Therefore for computing the overhead over/under applied last year we simply applied the above formula.