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N76 [4]
3 years ago
7

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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mylen [45]
The best answer would be: traditional economy (specifically, it's definitely neither market economy nor command economy - in those economies the family does not necessarily play a role in the chose of roles).

An example of such strict economic roles is ancient India - and the roles are called castes.
5 0
3 years ago
The regular distribution of lollipops, toys, or treats every Friday is an example of a ________that helps reinforce Nunya's cult
harina [27]

Answer:

It is an example of a material symbol that helps reinforce Nunya's culture

6 0
3 years ago
Clarion corp. invested cash in a 6-month certificate of deposit (cd) on november 1, 2015. if clarion corp. has an accounting per
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3 years ago
As a small business owner in today’s economy, what three financial reports would you use on a regular basis? What information wo
nalin [4]

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Profit and Loss Statement

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Balance Sheet or the statement of Financial Position  is a report that shows the assets that your business owns against your equity and liabilities. This report can help you make asset purchasing decisions or decisions about how to fund the acquisition of new assets.

Profit and Loss Statement: shows a detail of the income your business has earned, the expenses you incurred to earn this income and your profit/loss. This report can help you figure out if your expenses are too high or the prices you charge for your goods/services are too low.

Cash Flow Statement: shows your liquidity position at different points during a financial period. This report is important as it allows you to see periods when you may need an extra inflow of funds to keep your business operational and can help you decide when to apply for bank loans or whether to delay the purchase of some assets.

6 0
3 years ago
A corporation reports the following year-end balance sheet data. The company's debt ratio equals:
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Answer:

2.20

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The company's debt ratio equals: 2.20

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