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bekas [8.4K]
3 years ago
15

Summit Apparel has the following accounts at December 31: Common Stock, $1 par value, 1,900,000 shares issued; Additional Paid-i

n Capital, $16.10 million; Retained Earnings, $9.10 million; and Treasury Stock, 41,000 shares, $0.902 million. Prepare the stockholders� equity section of the balance sheet.
Business
1 answer:
Gnesinka [82]3 years ago
4 0

Answer:

The preparation is presented below:

Explanation:

The preparation of the stockholder equity section of the balance sheet is presented below:

Common stock $1,900,000

Add: Additional paid in capital $16,100,000

Total paid in capital $18,000,000

Add: Retained earnings $9,100,000

Less: Treasury stock - $902,000

Total stockholders equity $26,198,000

We simply added the additional capital and retained earning and deduct the treasury stock so that the correct value could arrive

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Answer:

City Farm Insurance

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Explanation:

A good cash management system combines accounting with financial management to produce financial visibility and provide business insights that can help the entity to increase its earnings with short-term investments.  This is because it frees up investable cash.  An entity can invest its excess cash in these instruments: money market funds, treasury bills, and certificates of deposit, offered by commercial banks.

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3 years ago
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Jessica isn't invited to a super bowl party her co-workers are throwing, simply because she's a woman. jessica is experiencing _
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3 years ago
The ________ mark is a certification that is granted to products that are determined to promote sustainable farming and provide
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The word referred to above is called the Fairtrade Mark. The purpose of this mark is to enable consumers to encourage sustainable farming practices by buying produces that has such a mark.

<h3>Who issues the Fairtrade Mark?</h3>

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2 years ago
When joshua proposed​ cross-training his employees so absences and vacations would not pose such a problem in​ productivity, his
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a. fear that they would be forced out of their habits

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Therefore the fear that they would be forced out of their habits sets in and they object the proposal.

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3 years ago
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