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Bond [772]
3 years ago
13

Begin by reviewing the labels for the change in​ stockholders' equity and then enter the amounts for each situation.

Business
1 answer:
Luda [366]3 years ago
7 0

Answer:

Note: The missing part of the question is

"                          <em>2017'million    2016'million</em>

<em>Total asset             77                  50</em>

<em>Total liability           18                  13"</em>

<u>Solution:</u>

Stockholders Equity at year end

                         2017     2016

Assets      77        50    

Less: liabilities   <u>-18</u>       <u>-13</u>

Equity at end     <u>59</u>       <u>37</u>

Note: Situation 1, 2 and 3 is the same as question 1, 2 and 3

                                          Situation 1   Situation 2  Situation 3

                                             $'million     $'million      $'million

Total stockholders Equity            37            37              37

Jan 31 ,2016

Add: Issuance of stock                13              0               20

Less: dividend declared               <u>0             -17              -27</u>

Net income                                    <u>9             39               29</u>

Total stockholders Equity             59           59              59

January 31,2017

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Answer:

b. A deduction from net income in determining cash flows from operating activities.

Explanation:

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I hope I made it clear to you. If you still have any queries, feel free to ask me.

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8 0
3 years ago
Going to college is an expensive proposition. Determine whether the following costs of attending college are implicit or explici
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Answer:

1. Time spent away from family is an implicit cost.

2. Transportation is an explicit cost

3. Forfeited working experience is an implicit cost

4. Books and materials is an explicit cost

5. Forgone earnings are an implicit cost

Explanation:

A college is an educational institution that provides opportunities for higher learning and specialized professional training. A decision to go to college should be conscious one that takes into consideration all the important aspects. The most important consideration is the cost of education, since attending college is usually an expensive proposition. One needs to consider the different costs that they will meet, whether implicitly or explicitly. Lets us consider the following implicit and explicit costs as shown;

1. Implicit cost: an implicit cost is a cost incurred without necessarily spending money. They are more of an opportunity cost that is calculated from the alternatives undertakings that one has sacrificed. An implicit cost is not an accounting cost but an economical cost that tends to consider options that are not actual expenditures. They are; time spent from family, forfeited working experience and forgone earnings. These are actually items that one sacrifices when he/she decides to go to college. Time spent from family is an implicit cost since one will spend most of his or her time in college. Attending college also means that one wont be able to go for a job and get some working experience while earning, therefor this is also an implicit cost. Explicit cost are determined by estimating the value of the activity sacrificed.

2. Explicit costs: an explicit cost is a type of accounting cost that needs one to actually spend money. It is an out of pocket cost where one has to use money to purchase a good or service. Examples are Books and materials. College students are often required to purchase specific books and materials for study. Transportation is also a cost that requires one to spend on bus fare or even cab fare to and from college. These are costs that require one to actually use money.

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3 years ago
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Thus, we can conclude that the combination of Rinker's manufacturing, distribution and purchasing activities will collectively be called as logistics.

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7. Income from continuing operations before income taxes

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9.  Income from continuing operations

10. Discontinued operations

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11. Net Income

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