Answer:
Explanation:
Issued 20,000 shares of $8 par common stock for $26 a share; brings total shares outstanding to 50,000 shares
Bank A/c………Dr. 520000
To Share Capital A/c. 160000
To Paid in excess of par 360000
Issued 6,000 shares of $100 par, 6%, cumulative preferred stock for $150 per share
Bank A/c………Dr. 900000
To Preferred Stock A/c. 600000
To Paid in excess of par. 300000
When the market value of the common stock reached $15 a share, company A declared a 3-for-1 stock split reducing the par value to $188 per share.
Share Capital (par value at 8) 400000
To Share Capital (par value at 2.67)
400000
Answer:
The answer is B. Expressive social style.
Explanation:
From the details given about Joann, the characteristics she portrays shows her as an individual with an expressives social style.
Individuals with expressive social styles prefer seeks personal approval and more willing to make their feelings known to others. The expressives are characterized by high assertiveness and high responsiveness.
they are said to be capitalized.
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Answer:
Altoona’s Net Income for 2021 was: $296,000
Explanation:
The Net Income can be determined by reconciling the Net cash flow from operating activities to Operating Profit as follows :
Net cash flow from operating activities $300,000
Less Depreciation and amortization ($24,000)
Add Increase in accounts receivable $20,000
Operating Profit $296,000
Notes :
Reconcile the non-cash items previously added or deducted from Net cash flow from operating activities and any changes to Working Capital accounted for in determination of Net cash flow from operating activities .
There are several situations when the government has to interfere with a pure market outcome. If the price of a product rises without any significant cause or if there is more supply than demand of a market, then the government can put a price ceiling or floor price of a product. This is purely to keep the economy of a country or state stable.
