Based on the total number of shares in circulation, we can infer that the number of shares issued was<u> 150 shares. </u>
The shares issued are those that the company sold to the public out of those that were authorized to them.
To find the issued shares, use the formula:
<em>= Shares outstanding + Treasury shares </em>
= 100 + 50
= 150 shares
In conclusion, 150 shares were issued.
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Answer:
A. An operating expense.
Explanation:
Since in the question it is mentioned that the self insurance activity i.e. accounted for an internal service fund that paid the amount of $365,000. Also as we know that the internal service fund is a proprietary fund so the claim should be reported as an operating expenses in the revenues, expenses and change in net asset statement
Therefore the correct option is a.
When he runs into a old dog who so happens to be a dog that guides blind people.
Answer:
The correct answer is B
Explanation:
The amount of equity earnings will be computed as:
Amount of earnings = Frankfort share in net Income of Bradley × Bradley Net Income
where
Frankfort share is 40%
Net Income of Bradley amounts to $1,680,000
Putting the values above in the amount of earnings:
= 40% share × $1,680,000
= $672,000
Therefore, the option B is correct.
An inner tube for a swimming pool would be in high demand during the summer months, and in incredibly low demand in the winter months.