Answer: C. $150,000 credit
Explanation:
In the financial statements for year 2, it should be noted that the year 1 retained earnings balance, should be adjusted by $150,000 credit.
The corrections of errors should be treated as the period adjustments before. In this case, the $150,000 overstatement for the cost of goods that was sold in the previous year, will then be credited to the beginning balance of the retained earnings.
Therefore, the correct option is C.
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
Answer:
C. $400
Explanation:
Amount for NCI to be eliminated = (280+120) = $400
stock = 600*0.2=$120
Retained Earnings = 1400*0.2= $280
Answer:
7.92%
Explanation:
The computation of the return on total assets is shown below:
Return on assets = (Net income) ÷ (average of total assets)
where,
Net income is $2,100
Average total assets = (Beginning total assets + ending total assets) ÷ 2
= ($33,500 + $19,500) ÷ 2
= $26,500
Now put these values to the above formula
So, the ratio would equal to
= $2,100 ÷ $26,500
= 7.92%
The correct answer would be, Agency Shop Agreement.
She was informed that if she chose not to join the union representing her fellow repair workers, she would still have to pay a fee to the union. Apparently Kreigmeister operates under an Agency Shop Agreement.
Explanation:
Agency Shop Agreement is basically an agreement. This is a type of agreement used as the union security agreement. According to this agreement, workers who are the members of the union, and the workers who are not the members of the union, all have to pay the union fee.
This fee has to be given by the non members as well, because all employees get benefit from the collective bargaining efforts. The union's efforts for the employees are not only for the union members, but are for all the employees of the company.
Learn more about Unions at:
brainly.com/question/2345503
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