Answer: Option (B) is correct.
Explanation:
Given that,
Common Stock, $0.10 par value per share = $94 million
Paid−in Capital in Excess of Par−Common = 600 million
Retained Earnings = $700 million
Total Stockholders' Equity = $1394 million
=
= 940 million
Answer:
Managerial accounting systems differ across companies depending on the nature of the business and the arrangement of its internal operations.
Explanation:
Managerial accounting also known as cost accounting is an accounting technique focused on identification, measurement, analyzing, interpretation, and communication of financial information to managers for better decisions making and pursuit of the organization's goals.
Flexibility of practice when applied to managerial accounting means that managerial accounting systems differ across companies depending on the nature of the business and the arrangement of its internal operations.
This ultimately implies that, managerial accounting is specific to a particular business organization i.e the managerial accounting model used by a company would be different from the one used by another.
Answer:
B.Gain of $14,000
Explanation:
Truck Old-Cost $52,000
Accumulated Depreciation ($40,000)
Written Down Value $12,000
New Truck $70,000
Less: Cash paid (44,000)
Sale Proceeds of old truck 26,000
Gain on disposal of old truck=26,000-12,000=$14,000