Answer:
The answer is C.) A targeted share repurchase is when the company purchases stock from one of the shareholder at a higher price than it offers to other shareholders.
Explanation:
This indicates that shareholders will benefit when the company is acquired because they usually receive a higher price for their shares.
A corporate body consist of a group of persons or board of directors that are chosen to govern the affairs of a corporation or other large institution.
The answer is D. a debit to accounts payable and a credit to notes payable. This is because Cory issued a note to his creditor as a promise that he will pay the creditor. With this, he will be gaining a Notes Payable, or a promissory note stating that he will pay, and will be losing an Accounts Payable. So according to the rules of accounting, if a liability is debited, then it will be lessened from the books of the business. If a liability is credited, however, then it will be added to the records of the business.
The same thing the person above me said:)
Answer:
$ 13.167 / unit
Explanation:
Data provided:
Beginning material cost = $ 126,000
Number of units in work in progress = 12,000 units
Material cost assigned = $ 32,000
thus,
the total material cost involved = $ 126,000 + $ 32,000 = $ 158,000
Now,
the material cost per equivalent unit = Total material cost involved / number of units
on substituting the values, we have
the material cost per equivalent unit = $ 158,000 / 12,000
or
= $ 13.167 / unit
Answer:
B. On the declaration date
Explanation:
Dividend payable are usually advised by management but must be ratified by the shareholders (usually in the annual general meeting) for such to be come recognizable in the books. The date of ratification is the declaration date
As such a corporation record an increase in Dividends Payable on the declaration date.
The right option is B. On the declaration date
