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Answer:
D, Flint can simply write ot the SEC to voice his concerns.
Explanation:
Since Flint does not have a case that warrants a court challenge but rather an observation, Flint can simply write to the SEC to intimate them about his observations and/or findings, as well as let the SEC know the position of his company on the rule being proposed by it.
Cheers.
I think its either a) or d) Tell me if I’m wrong
Answer:
When prepaid insurance (or any other prepaid expense) is adjusted at year end in order to record accrued expenses, financial statements are affected in the following way:
- income statement: costs increase, decreasing profits
- balance sheet: assets and equity decrease
- cash flow statement: cash from operating activities increases
- owners' equity: decreases
Answer:
$1.2
Explanation:
The computation of earning per common share is shown below:
Earning per share = (Net income) ÷ (Number of shares)
where,
Net income = $510,000
And, the number of shares = $400,000 + $100,000 × (3 months ÷ 12 months)
= $400,000 + $25,000
= $425,000
The 3 months is calculated from October 1 to December 31
Now put these values to the above formula
So, the value would equal to
= $510,000 ÷ $425,000
= $1.2
