Answer:
Increase of $95,000
Explanation:
Stockholder equity: It records the issue of shares, retained earnings, and deduct the dividend amount if declared.
The expenses which are related to the business is directly or indirectly affect the stockholder equity.
So, the net effect is shown below:
Issuance of common stock = $200,000
Less - Payment of salaries expense = $105,000
So, the net effect would be equal to
= $200,000 - $105,000
= $95,000
The accounts payable does not affect stockholder equity. So, it would not be considered.
This $95,000 would increase stockholder equity.
Answer: C) A debit of $200,000.
Explanation:
In 2018, Hawk sold all the Diamond Investment bonds at $700.
The amount of reclassification adjustment would be;
= Sales price - original purchase price
= (1,000 * 700) - (1,000 * 500)
= $200,000
The amount should be debited to reverse the gains recorded over the other years.
Answer:
corporate mission or marketing strategy area
Explanation:
Based on the information provided it can be said that this is an example of the corporate responsibility strategy being a part of the corporate mission or marketing strategy area. This refers to a specific sentence that encompasses the company's function, philosophies and goals which they strive to achieve and is the entire reason for existing in the market.
Answer: customer will pay a sales charge
Explanation:
The statement which states that customer will have to pay sales charge in order to exchange shares within the family is not true. The fund family possesses an "exchange feature" at NAV. This means that the shares of one fund has the right to be redeemed and then reinvested in shares of another fund that is within the family without no sales charge.
For the customer that is exchanging Government bond Fund shares for the Growth Fund shares, tax event has occurred. Therefore, it will be expected that the customer's yield will reduce but that the capital gains will increase, because the person is moving from an "income" fund into a "growth" fund.
The equation that solves the problem above is:
50x+30=60x
10x=30
x=3 day
Final answer: A. 3 days
