Answer:
Explanation:
The journal entry is shown below:
On February 20
Organization expense A/c Dr $60,000
To Common Stock A/c $25,000 (1,000 shares × $25)
To Paid in capital in excess of par-Common Stock $35,000
(Being the organization expense is recorded and remaining balance is credited to the Paid in capital in excess of par-Common Stock)
Answer:
Vaughn Company
The weighted-average cost per unit is
= $8.04
Explanation:
a) Data and Calculations:
Units Unit Cost Total
Inventory, January 1 11,000 $8.80 $96,800
Purchases: June 18 5,000 8.00 40,000
November 8 4,000 6.00 24,000
Total 20,000 $160,800
The weighted-average cost per unit = $8.04 ($160,800/20,000)
b) The weighted average method of recording inventory adds up the total units and costs of beginning and current period purchased or manufactured inventory. The total costs are divided by the total units to obtain the weighted-average cost per unit.
Answer:
C) $1000
Explanation:
First lets calculate the cumulative preferred stock dividend for 2 years
(1000 * 10 ) * 5% = 500 / year
so for 2 years = $1000 since it is cumulative and not paid in one year is added to next year.
Total dividend payable = $2000
so for common stock whatever is left over is paid thus,
Common stock share = Total - Preferred cumulative = 2000 - 1000 = $1000
Hope that helps.
Answer:
designing information systems
Explanation:
knowledge management system are system designed to managed the knowledge of a company. The design of IT Systems is not under it scope.
