Answer: Rs. 120,000
Explanation:
At the end of the year, both assets and liabilities had doubled. New asset and liability figures are therefore:
Assets = Rs. 200,000
Liabilities = Rs. 100,000
Net income is part of equity and as there is no equity, net income must be the entire equity.
Assets = Equity + Liabilities
200,000 = Equity + 100,000
Equity = 200,000 - 100,000
= Rs. 100,000
From this Net income, dividends were distributed to the tune of Rs. 20,000. This should be added back to see the full figure.
= 100,000 + 20,000
= Rs. 120,000
The Republic of Monaslu and Ingora demonstrated an example of a mutual trade. This happens when both countries of industries experience the benefit of business through support of each other on their own products. They can also further enjoy these benefits by enforcing laws that would benefit both like lowering taxes to increase their profits
Answer:
C. ""NSF"" checks
Explanation:
Reconciling items are either transactions that have been recorded by the bank but yet to be recorded in the books or transactions recorded in the books but yet to be recognized in the bank statement. As such, to reconcile the bank and book balances, these items are either recognized or derecognized in the books.
Deposits in transit would be subtracted from the books to get the bank balance.
Bank service charge would also be deducted from the books to get the bank balance.
NSF"" checks would be added as it would have been initially deducted from the books but the banks would have refused such check on the basis of insufficient funds.
Collection of a note by bank will be added to the book balance
Answer:
1. 30 hours.
2. $500 (dollars)
Explanation:
According to the Federal Trade Commission from the survey conducted based on the United States of American population age 18 and over, amongst other findings, it was concluded that; A person will likely spend 30 (THIRTY) hours to resolve the problems caused by identity theft and up to $500 (FIVE HUNDRED DOLLARS) on costs related to identity theft, not including attorney fees.
Answer:
D. Digby will actually issue stock totaling $2,694,750.
Explanation: