Explanation:
The reporting is shown below:
Income statement
Particulars Amount Particulars Amount
Depreciation
expense $28,800
Balance sheet
Liabilities Amount Assets Amount
Equipment $240,000
Less: Accumulated
Depreciation -$144,000
Net value of an equipment $96,000
Only these items would be displayed on the income statement and the balance sheet
Answer:
Answer:
$
Market value of shares (3,000,000 x $15) = 45,000,000
Market value of bonds (30,000,000 x $101/100) = 30,300,000
Market value of the firm 75,300,000
The correct answer is D
Explanation:
Market value of the firm is the sum total of market value of shares and market value of bond. The market value of each stock is equal to number of stocks issued multiplied by current market price of each stock.
Explanation:
Answer:
The answer is letter C.
Explanation:
The statement that would need to be documented in a report is The Fujita-Pearson tornado scale rates tornadoes with wind speeds of 261 to 318 miles per hour as F5 storms.
Answer:
(B) $45,000.
Explanation:
The preparation of the Cash Flows from Operating Activities—Indirect Method is shown below:
Cash flow from Operating activities - Indirect method
Net income $74,000
Adjustment made:
Add : Depreciation expense $52,000
Less: Increase in accounts receivable -$36,000
Less: Increase in inventory -$16,000
Less: Decrease in accounts payable -$29,000
Total of Adjustments -$29,000
Net Cash flow from Operating activities $45,000
Answer:
c.
Explanation:
Based on the information provided within the question it can be said that in order for it to be enforceable, a writing is required for the employment agreement. This is because the employment requires initial work for a month before receiving payment for the services provided. Unlike the other two purchases, since money is being exchanged directly for a product or service at the exact moment.
