Answer:
William James an American philosopher and psychologist. James was born into a wealthy family which lived in New York at the time of his birth. In 1861 James began his scientific studies at the Lawrence Scientific School of Harvard College. He then, in 1864, took up medical studies at Harvard Medical School. James finally earned his MD degree in June of 1869 but he never practiced medicine.
William James gained widespread recognition with his monumental "The Principles of Psychology," which was published in 1890. James held a in line with pragmatism, and declared that the value of any truth was utterly dependent upon its use to the person in which had held it. In his search for truth and assorted states of psychology, William James developed his two-stage model of free will. In this model, James tries to explain how it is people come to the creation of a decision and what factors are involved with it it.
Explanation:
Answer:
$20,000
Explanation:
Calculation for What amount should Valet report in its 2021 income statement for unrealized holding loss
Using this formula
2021 income statement for unrealized holding loss=Aggregate cost -Aggregate Fair value
Let plug in the formula
2021 income statement for unrealized holding loss=$ 180,000-$ 160,000
2021 income statement for unrealized holding loss=$20,000
Therefore the amount that Valet should report in its 2021 income statement for unrealized holding loss is $20,000
Answer:
The statement is: True.
Explanation:
The matching principle of the Generally Accepted Accounting Principles (<em>GAAP</em>) states that the expenses a company incurs during a period must match with the revenues those expenses were incurred during the same period. This principle is usually implemented with the accrual accounting method leaving in clear that expenses are incurred to generate profit.
Answer:
50,490 units
Explanation:
The computation of the number of units the company should produced is shown below:
= Expected sales units + ending inventory units - opening inventory units
where,
Opening inventory units is 1,350 units
Expected sales units is
= $27,000 + $27,000 × 60%
= $27,000 + $16,200
= 43,200 units
The ending inventory units is
= $43,200 × 20%
= 8,640 units
So, the units to be produced is
= 43,200 units + 8,640 units - 1,350 units
= 50,490 units
Answer:
Transaction Assets Liabilities Stockholders' Equity
Issue common stock Increase NE Increase
Issue preferred stock Increase NE Increase Purchase treasury stock Decrease NE Decrease
Sale of treasury stock Increase NE Increase Declare cash dividend NE Increase NE
Pay cash dividend Decrease Decrease NE
100% stock dividend NE NE NE
2-for-1 stock split NE NE NE
When shares are sold or issued, they increase the stockholders equity as people buy these shares. They also increase assets because cash comes into the company when the shares are sold. This is why the Issuing of preference and common stock as well as the sale of Treasury shares had the same effects.
When cash dividends are declared, they become a liability that is owed to equity holders.
When these dividends are then paid, they remove the liability but reduce assets as cash is used to pay the dividends.
100% stock dividend reduces retained earnings but increases equity so stockholders equity does not change.
