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cluponka [151]
3 years ago
9

Using the information below from the accounting records of Thomas Corporation, stockholders' claims to the company's resources a

mount to: Assets $ 1,200,000 Liabilities $ 800,000 Net income $ 100,000 Retained earnings $ 250,000
Business
1 answer:
LiRa [457]3 years ago
3 0

Answer:

Stock holder's claim in Thomas Corporation is $400,000

Explanation:

The accounting equation is the foundation for double entry accounting. It shows the relationship between assets, liabilities, and owner's equity.

Using the accounting equation, rearrange for Stockholder Equity.

Asset= Liabilities + Stockholder Equity

Asset - Liabilities = Stockholder Equity

1,200,000 - 800,000 = Stockholder Equity

400,000 = Stockholder Equity

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Under the Electronic Fund Transfer Act, which two banking practices are part of the consumer’s responsibility?
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The correct choices are;

<u>"A. knowing rights and responsibilities relating to money transfers  </u>

<u>C. notifying the bank of lost credit or debit cards".</u>


The Electronic Funds Transfer Act is a government law that secures shoppers occupied with the exchange of assets through electronic techniques. This incorporates the utilization of charge cards, computerized teller machines and programmed withdrawals from a financial balance. The demonstration likewise gives a methods for rectifying exchange blunders and restricts the risk from any misfortunes because of a lost or stolen card.

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4 years ago
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ch4aika [34]

Answer:

$2,100

Explanation:

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Therefore,

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3 years ago
Suppose your teacher announces that only 1 student in the class will get a good grade. How will your efforts to produce good gra
Kobotan [32]

<u>Explanation</u>:

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3 years ago
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Blizzard [7]

Answer:

b. first-in, first-out.

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3 years ago
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dimulka [17.4K]

Answer: Uploading pictures, music, and videos.

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