Answer:
the payment of cash to retire a long-term note.
Explanation:
Cash flow statement shows cash flows from operations, investment, and financing activities.
Financing activities are the various transactions a business undertakes that will affect long term liabilities and equity of a business. It is how a company funds it's operations and expansion externally.
Borrowing and repaying of long term loans is a financing activity. So payment of cash to retire a long-term note will appear in the cash flow statement under financing activity.
Answer:
Groundcover, Inc.
Journal Entry to record the reissuance of 400 shares on April 8, 2016 would include (using the cost method):
Apr. 8 Debit Cash $3,200
Credit Treasury Stock $3,200
To record the reissuance of 400 shares at $8 a share.
Explanation:
a) Data and Analysis:
Apr. 1 Treasury Stock $10,000 Cash $10,000
Apr. 8 Cash $3,200 Treasury Stock $3,200
May 2 Cash $6,500 Treasury Stock $6,500
b) There are two methods for recording Treasury Stock transactions. One is the cost method. This method ignores the par value and the difference between the par value and the cost. It uses the cost to record the repurchase and resale of treasury shares. The second method is the par value method. This method differentiates the par value and cost for both repurchase and resale of treasury stock shares. The differences are recorded in the Additional Paid-in Capital account so that only the par values are recorded in the Treasury account.
Given that after the financial crises the number of people who lost their jobs is 1 million and that of people remained employed was 35 million, then the unemployment rate will be:
(Number of people who are employed)/(Number of people who are unemployed)
=(1000000)/(35000000)
=0.029
=2.9%
The unemployment rate is 2.9%<span />
Answer:
b.$216,000
Explanation:
The computation of the balance in the capital account for Harrison is shown below:
= Opening balance + additional invested amount - withdrawn amount + net income distributed
= $160,000 + $20,000 - $96,000 + $132,000
= $216,000
We assume that the net income is equally distributed.
Since we have to determine for the Harrison only so we ignored the Marti data which is given in the question