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Lubov Fominskaja [6]
3 years ago
13

When a company issue 27,000 shares of $5 per value common stock,the journal entry for this issuance would include:

Business
1 answer:
a_sh-v [17]3 years ago
6 0

Answer:

1. A debit to cash for $135,000

Explanation:

The complete entries are

1. A debit to cash for $135,000

2. A credit to common stock account for $135,000

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Bonjour,

perpetual & periodic
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If the MPC in an economy is 0.8, government could close a recessionary expenditure gap of $100 billion by cutting taxes by
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Answer:

cutting taxes by $125 billion

Explanation:

given data

economy = 0.8

expenditure gap = $100 billion

to find out  

cutting taxes

solution

we get here cutting or reduce taxes that is express as

cutting taxes = \frac{expenditure\ gap}{MPN\ economy} ......................... 1

cutting taxes = \frac{100}{0.8}    

solve we get cutting taxes

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so cutting taxes by $125 billion

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3 years ago
The Federal Reserve District Banks are divided: into geographical regions with the majority of the district banks located in the
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Answer:

geographically to encompass the 12 largest metropolitan and financial areas in the United States.

Explanation:

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The Economy Tomorrow Suppose a country’s GDP is $10 billion and the population is 2 million this year.
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GDP per capita for this year is $5000

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<h3>What is the GDP per capita?</h3>

GDP per capita is the gross domestic product of a country divided by the total population of that country.

GDP per capita = GDP / population

GDP per capita for this year = $10 billion / 2 million = $5000

GDP per capita for next year  = $10 billion / ( 2 x 1.05) = $4760

GDP per capita for next year = (10 billion x 1.03) / ( 2 x 1.01) = $5100

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8 0
2 years ago
At March 1,2020, Candy inc. Had supplies on hand of $500. During the month Candy purchased supplies of $1200 and used supplies o
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Answer: The March 31 adjusting journal entry shoud include $1200

Explanation: Given that the

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8 0
3 years ago
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