1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
aev [14]
2 years ago
14

Common stock, $10 par value (50,000 shares outstanding) $ 500,000 Preferred stock, 6% cumulative, $100 par value, 3,000 shares o

utstanding 300,000 Additional paid in capital 200,000 Retained earnings 500,000 Total stockholders' equity $ 1,500,000 With respect to Nichols' investment in Smith, determine the amount to be recorded and identify which account should be adjusted to reflect such amount.
Business
1 answer:
evablogger [386]2 years ago
5 0

Answer:

The accounts identified to be adjusted are Smith's Common Stock and Smith's Preferred Stock.

The amount to be recorded is $ 1,200,000 and $ 124,000 respectively.

Explanation:

from the information:

$ 1,200,000 for Investment in Smith's Common Stock and $ 124,000 for Investment in Smith's Preferred Stock.

The investment account includes the fair value of Consideration in form of the fair value of both types of stocks, common stock and preferred stock.

You might be interested in
​Moe's Pizza Shop sells a large pizza for​ $12.00. Unit variable expenses total​ $8.00. The breakeven sales in units is​ 7,000 a
Nookie1986 [14]

Answer:

Margin of safety= $12,000

Explanation:

Giving the following information:

Moe's Pizza Shop sells a large pizza for​ $12.00. Unit variable expenses total​ $8.00. The breakeven sales in units are​ 7,000 and budgeted sales in units are​ 8,000

To calculate the margin of safety in dollars, we need to use the following formula:

Margin of safety= (current sales level - break-even point)

Margin of safety= (8,000*12) - (7,000*12)= $12,000

3 0
2 years ago
what recognizes the potential for valuable innovations to be launched from lower organizational levels and diverse locations, in
Mazyrski [523]

what recognizes the potential for valuable innovations to be launched from lower organizational levels and diverse locations, including merging markets, is known as:

"Reverse Innovation."

This is because reverse innovation is a type of innovation in which the product is originally innovated for poor neighborhoods such as developing regions, then repackaged in a way that is then sold to the rich neighborhoods such as developed regions.

Reverse innovation is a term originally coined by Vijay Govindarajan and Chris Trimble.

They claimed that reverse innovation is a kind of bottom-up innovation strategy whereby the products designed for poor areas are then redefined and sold to the rich areas.

Hence, in this case, it is concluded that the correct answer is "Reverse Innovations."

Learn more here: brainly.com/question/17931211

4 0
2 years ago
One reason you should drive slowly around farm vehicles is:
murzikaleks [220]
Typical farm vehicles go slower and are expensive so you must drive slowly to make sure you don't run into it as Well as be polite
5 0
3 years ago
Read 2 more answers
A buyer purchased a new residence for $175,000. The buyer made a down payment of $15,000 and obtained a $160,000 mortgage loan.
Naily [24]

Answer:

Buydown, is the right answer.

Explanation:

This is a buydown mortgage arrangement because in the buydown financing technique the buyer tries to take lower interest rates in the initial year of the loan period. Moreover, some mortgage lenders provide buydown discounts or points as part of their promotion. Secondly, the builder pays the initial payment to the mortgage institution that results in the lower buyer’s payment.

3 0
3 years ago
A company headquartered in the United States has operations in 27 countries. The company purchased a subsidiary to expand operat
Gala2k [10]

Answer: An internal audit is being performed.

Explanation:

Internal Audit is a department or entity that provides structures, corporate organizations, and procedures for persons inside an organization with unbiased, objective assessments.

According to the Chartered Institute of Internal Auditors, the role of internal audit is to provide objective assurance that an organization's risk management, governance and internal control processes are operating effectively.

7 0
2 years ago
Other questions:
  • Jason Thompson purchase an office building 10 years ago for $780,000. The building was just appraisal $1.25 million. What value
    15·1 answer
  • Knowledge Check 01 Product A Product B Selling price per unit$20 $15 Variable cost per unit 12 9 Contribution margin per unit$8
    8·1 answer
  • Joey has worked in a bicycle factory for several months. the assembly process requires multiple tasks, and over the months joe’s
    15·1 answer
  • How can i cancel my subscription here?
    6·1 answer
  • Bank dealers in conversations among themselves use a shorthand notation to quote bid and ask forward prices in terms of forward
    6·1 answer
  • 3) Compute the annual allowable depreciation using the straight line method for a machine that costs $86,000 to purchase and $7,
    15·1 answer
  • ATTENTION I WILL GIVE BRAINLIEST!!!!
    10·1 answer
  • Create your own buy and sell stock problem
    13·1 answer
  • Mimi is granted a license to sell her unique Spirit Pins at local high school lacrosse games. When Mimi prices her pins at $10,
    6·1 answer
  • The WBS includes all the elements included and excluded as described in the Scope
    12·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!