Answer:
The correct answer is B
Explanation:
Mission statement is one of the statement which is described what a firm is, why the firm exists, the reason for being or existence. At the minimum, the mission statement defined as who the primary customers are, recognize the services and products which the firm produce and also define the geographical location in which the business operate.
So, the mission statement is the formal statement states the strategic plan describe the overall motive of the business.
That term is the division of labor.
Division of labor refers to the fact that each person will be assigned a certain task they specialize in, based on their education and skills. Every person can present the employer with a particular set of skills, and then he can decide who will do what within that complicated job.
Answer:
Indirect Method
a. Accounts payable increase or decrease
d. Accounts receivable increase or decrease.
<em>The above are both used in the Indirect method and fall under Cashflow from Operating activities. </em>
Direct Method
b. Payments to employees
c. Cash collections from customers
e. Payments to suppliers
<em>The direct method involves the above and they all fall under Cash generated from operations. </em>
Answer:
The $12 million is the net increase in the denominator of the EPS fraction if the market price of the common shares averages $5 per share during 2018.
Explanation:
1. The journal entry is shown below:
For December 31, 2017:
Compensation Expenses A/c Dr ($18 million × $5 per share) ÷ 3 = $30 million
To Restricted Shares $30 million
(Being compensation expenses recorded for 2017 year)
For December 31, 2018:
Compensation Expenses A/c Dr ($18 million × $5 per share) ÷ 3 = $30 million
To Restricted Shares $30 million
(Being compensation expenses recorded for 2018 year)
2. The net increase in the denominator of the EPS fraction for 2018 year is shown below:
= 2018 shares - Restricted shares
= $30 million - $18 million
= $12 million
Hence, the $12 million is the net increase in the denominator of the EPS fraction if the market price of the common shares averages $5 per share during 2018
