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3 years ago

Wendell Company provided the following pertaining to its recent year of operation:

Business

1 answer:

myrzilka [38]3 years ago

3 0

Answer:

Option (B) is correct.

Explanation:

Wendell's total stockholders' equity increase during the recent year of operation:

= Issued common stock - Cash dividend declared + Net Income - Stock dividend distributed + Sale of treasury stock below cost

= $50,000 - $20,000 + $70,000 - $23,000 + $7,000

= $84,000

Therefore, Wendell's total stockholders' equity increase by $84,000.

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valentina_108 [34]

Answer:

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3 years ago

The government of a small country has made it mandatory for international banks and insurance firms to obtain the consent of ind

Alex_Xolod [135]

Answer:

The government has setup a control system over transborder data flows.

Explanation:

Transborder data flows are something common in our modern world since information systems (internet) enable data to flow around the world with very little or no control at all. Transborder data flows refers to the transfer of information across different countries (or even states).

This practice faces several legal and moral issues like; Why would someone in Russia or China need to know our ages, what do we buy, who are friends are, when is our birthday, do we have money in the bank, or do we owe a lot of money to the banks, etc.? Do you remember Cambridge Analytica? That is just one out of thousands of foreign companies that know more about ourselves than we do.

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3 years ago

Data pertaining to a company's joint production for the current period follows: L M Quantities produced 200 lbs. 150 lbs. Market

Lelechka [254]

Answer:

Joint cost value based = $396

Explanation:

Given:

Company L M

Quantities produced 200 lbs 150 lbs

Market value $8/lb $16/lb

Total joint cost = $660

Computation:

Market value of L = 200 lbs × $8/lbs

Market value of L = $1,600

Market value of M = 150 lbs × $16/lbs

Market value of M = $2,400

Total market value = Market value of L + Market value of M

Total market value = $1,600 + $2,400

Total market value = $4,000

Joint cost value based = $660 × ($2,400 / $4,000)

Joint cost value based = $396

4 0

3 years ago

The statement of owner's equity: Multiple Choice

QveST [7]

Answer:

E. Reports how equity changes over a period of time.

Explanation:

Statement of owner's equity as the name suggests is the statement which describes the changes in owner's equity, as it is obvious that the change cannot occur at a point of time, it will occur over a period of time.

And therefore, the statement is prepared over a period generally for a fiscal year, or a financial year.

There is no statement prepared to show any change in owner's equity at a point.

Statement reporting cash flows is called cash flow statement.

Therefore, correct option is:

Statement E

5 0

3 years ago

Upply and demand

Gennadij [26K]

C.

When a product is overstocked, owners will usually price the product less so that it will sell out more quickly.

3 0

3 years ago