Answer:
Dr Land $146,440
Cr Common stock (3,380 shares×$12 par value) $40,560
Cr Paid in Capital in excess of Par common stock $105,880
Explanation:
Arasota Company Journal entry
Dr Land $146,440
Cr Common stock (3,380 shares×$12 par value) $40,560
Cr Paid in Capital in excess of Par common stock $105,880
Answer
The answer and procedures of the exercise are attached in the following archives.
Explanation
You will find the procedures, formulas or necessary explanations in the archive attached below. If you have any question ask and I will aclare your doubts kindly.
Answer:
The correct answer is D that is $33,500
Explanation:
The total cost for the oranges = Direct cost + Indirect cost
= (Number of carton × Rate per carton) + (Number of carton × Rate per carton)
= (1,000 × $10) + (1,000 × $16.50)
= $10,000 + $16,500
= $26,500
Total Revenue = Number of carton × Selling price
= 1,000 × $30
= $30,000
Profit from oranges = Revenue - Cost
= $30,000 - $26,500
= $3,500
Profit or loss from from processing into the orange juice is computed:
Total Cost = Number of carton × Price
= 1,000 × $12.50
= $12,500
Revenue = Number of carton × Selling Price
=1,000 × $46
= $46,000
Profit or loss = Revenue - Cost
= $46,000 - $12,500
= $33,500
Therefore, Corporation has a profit of 33,500.
Answer:
b) false
Explanation:
In the case of theory that developed by MM in this the investor have no need for concering with respect to the dividend policy of the company as in this the sell option is there with regard to the equity portfolio when they need the cash
So according to the given situation, the given statement is false
hence the option b is correct