Answer:
The answer to the three fill in the banks as per order given in question are- store of value , unit of account , medium of exchange.
Explanation:
When $500 are kept in piggy bank to buy laptop, it illustrates the store of value function of money. This is a function where money is kept or stored to purchase some item in the future, given money doesn't lose its purchasing power .
The $500 price of laptop shows the unit of account function of money , where money is the standard numerical of measurement for the goods and services or any other transaction in the market.
The $500 which was used to buy the laptop shows the medium of exchange function of money , where money is used as intermediary for exchange of goods and services.
I believe the answer is Legal standing.
People who had a legal standing are the one that will recieve either harm or benefit after a decision is made.
The amount of involvement that certain parties had in the case will determine how much involvement the party is allowed to influence the case.
Answer:
authorized 100,000
issued 70,000
outstanding 70,000 - 4,000 treasury stock = 66,000
Explanation:
The amount authorized doesn't change unless the company start the legal procedure to do it.
The shares, once issued, can't be destroyed.
Te outstanding shares are the mount in the market, that will be the issued shaes less the treasury stock, which are shares in the company's possesion.
Answer:
$69
Explanation:
Calculation for Central Park's taxable income
Pretax accounting income $80
Less Temporary differenceDepreciation (15)
($35 – $20)
Bad debt expense $4
($6 – $2)
Taxable income$69
($80-$15+$4)
Therefore Central Park's taxable income will be $69
