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
dezoksy [38]
3 years ago
14

Mountain water corp. issued common stock of​ $28,000 to pay off​ long-term notes payable of ​$28,000. in what​ section(s) would

these transactions be​ recorded?
Business
1 answer:
navik [9.2K]3 years ago
7 0
These transactions would be recorded in the <span>non-cash investing and financing activities. Since this that does not directly affect the cash on hand, instead, the</span> issuance of common stock to retire long-term debt is done. 
You might be interested in
Rick's Internet Corporation's balance in Retained Earnings is $30,000. The board of directors directs that $15,000 be appropriat
gtnhenbr [62]

<u>Answer</u> is D. remain at $30,000.

<u>Explanation:</u>

Rick's Internet Corporation balance in retained earnings = $30,000

Appropriated earning for future business expansion = $15,000

This appropriated earning set for future use will have no effect on the total retained earnings, because for appropriate retained earnings,  the entry is to debit the retained earnings account.

Also, it would be board's decision if they want to use the money from the retained earnings or add more capital to it.

6 0
3 years ago
An economic model can be defined as___________a. a testable claim which can be evaluated with proper data.b. a representation of
Radda [10]

Answer:

b. a representation of a theory or a part of a theory

Explanation:

A model is different from theory because is a more applied and empirical representation of a situation while the theory is more abstract. An economic model is a simplified prediction of a complex and real economic behavior, it uses variables to analyze different scenarios, it also uses logical and quantitative relationships between economic processes, is usually mathematical. <em>The results of these models can lead to a new investigation, theorization or to prove theories.</em>

I hope you find this information useful and interesting! Good luck!

5 0
3 years ago
Amelia has her money in a CD earning 2 percent interest. How long will it take for her money to double?
dusya [7]
It will take her 50 months if the interest grows every months. Here's the reason why:
=> in order to double up your money you need to have a 100% interest and since Amelia only have 2% interest, she needs 50 months to get the an interests that will double up her money.
6 0
2 years ago
Write an argumentative essay for or against setting long-term goals to land a dream job.
Kisachek [45]

Answer:

YOU SHOUKD PURUSE YOUR DREAMS GIRLL

Explanation:

7 0
2 years ago
The Work in Process Inventory account of a manufacturing company that uses an overhead rate based on direct labor cost has a $3,
QveST [7]

Answer:

$1,290

Explanation:

The work in process inventory account balance is given by the sum of the direct material cost, direct labor cost and the amount of applied overhead.

If the balance is $3,850, with material cost of $1,790 and direct labor cost of $770, the applied overhead is:

O = \$3,850 - \$1,790 - \$770\\O=\$1,290

The amount of the applied overhead is $1,290.

4 0
3 years ago
Other questions:
  • 3.1. Explain which of the following approaches to strategy formulation is more likely to generate economic profits: (a) evaluati
    7·1 answer
  • Evidence pertaining to the airline industry suggests that
    15·1 answer
  • If Congress and the president want to keep real GDP at its potential level in​ 2021, they should use an expansionary fiscal poli
    9·1 answer
  • You are taking a crash course in e-business in order to compete for a plum job opening in the field. However, you missed the cla
    7·2 answers
  • There are 12 general categories of threat to an organization's people, information, and systems. List at least six of the genera
    6·1 answer
  • If a firm's expected growth rate increased then its required rate of return would
    15·1 answer
  • W. Glass &amp; Company reported the following information in its recent annual report: 2015 2016Cost of goods sold $4,000,000 $4
    11·1 answer
  • Tennot Inc. sells used cars. It focuses solely on low-income customers who prefer to buy an old car rather than a new one. There
    5·1 answer
  • The element of the four c's is associated with the promotion element of th marketing mix
    9·1 answer
  • When the required return is constant and equal to the coupon rate, the price of a bond as it approaches its maturity date will?
    8·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!