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
EastWind [94]
4 years ago
15

During its first year of operations, Anthony Lupa set up Lupo Inc. and invested $15,000 in the corporation. The company earned $

35,000 of revenues and incurred $23,000 of expenses. A cash dividend of $2,000 was paid to Anthony. At the end of the year, the company's equity totaled:__________.a. $13,000b. $15,000c. $25,000d. $75,000
Business
1 answer:
Annette [7]4 years ago
6 0

Answer:

Company's equity = $25,000

Explanation:

Given:

Amount invested = $15,000

Earned Revenue = $35,000

Expenses = $23,000

Cash dividend = $2000

Find:

Company's equity

Computation:

Company's equity = $15,000 + $35,000 - $23,000 - $2,000

Company's equity = $25,000

You might be interested in
Each of these items must be considered in preparing a statement of cash flows for Flint Corporation. for the year ended December
patriot [66]

Answer and Explanation:

The classification is as follows:

a. Financing activity inflow of cash

b. INvesting activity outflow of cash

c. Investing activity inflow of cash

d. Financing activity outflow of cash

The inflow of cash shows the positive sign while on the other hand the outflow of cash shows the negative sign

And, the same should be relevant

8 0
3 years ago
If the static budget variance for materials is $250 F and the budgeted cost for materials is $52,000, then the actual cost of ma
Virty [35]

Answer:

Option A is correct: $51750

Explanation:

Since static budget variance for materials is favourable;hence actual cost is less than the budgeted cost.

hence actual cost=(52000-250)

=$51750.

4 0
3 years ago
Read 2 more answers
When is mediation typically used?
bazaltina [42]

When 2 sides are unable to reach an agreement

5 0
3 years ago
What can cell margins be useful for
mixas84 [53]

In the Cell Options dialog, you can tick the box to set the cell margins for the selected cell(s) to be the same as the table as a whole. Or, un-tick the box, and set the cell margins for the selected cell(s). Cell margins for an individual cell will over-ride the cell margin setting for the table as a whole.

7 0
4 years ago
Treasury stock represents stock that: a. is being held to purchase treasury securities. b. is being held to purchase preferred s
mixer [17]

Answer:

The correct answer is (D)

Explanation:

Sometimes firms and organisations try to reduce the outstanding stocks in the market. To do so, they purchase back some of those stocks from the open market, such stocks are known as treasury stocks.  After that, It is up to the issuer, they can resell it to the public or they can dissolve them completely.  After purchasing back, these stocks are no longer considered outstanding.

6 0
4 years ago
Other questions:
  • According to the​ Break-Even EBIT​ analysis, shareholders are​ ____ off with debt when EBIT is​ _____ the​ Break-Even EBIT level
    7·1 answer
  • If inflation is lower than what was expected,
    5·1 answer
  • What is the answer for solving equations such as 6x-5y=15. and x=y+3
    6·1 answer
  • John would like to move from the city into the suburbs and has been saving up a large down payment for a home. Which is the most
    9·1 answer
  • If you have an idea that no one has thought of, the trouble isA. it may be ahead of its time.B. you don't know if anyone will wa
    6·1 answer
  • Exercise 4-10 Preparing adjusting and closing entries for a merchandiser LO P3 The following list includes selected permanent ac
    15·1 answer
  • The Terme Corporation is contemplating the purchase of new equipment, which may potentially increase revenues by 30%. Currently,
    12·1 answer
  • Piedmont Company segments its business into two regions—North and South. The company prepared the contribution format segmented
    7·1 answer
  • What is the solutions of emotional differences?​
    8·1 answer
  • Selma deposited a paycheck for $378. 42. She’ll use the check register to record her transaction. What will be her new balance?
    10·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!