<span>There was the Sherman Act, the first of the anti-trust laws, which disallowed monopolies, and price fixing. to ensure the consumer a fair price by preventing one company from controlling an entire market, thereby insuring a particular product would need to be priced competitively.
There was also the Interstate Commerce Act which prohibited the railroads from both price gouging and price discrimination, ie. charging more for smaller loads and shorter distances, which greatly affected small business like farmers, who couldn't afford to pay more for less, and big businesses were paying less for more. Sound familiar? This Act forced railroads to have one fair rate applying to everyone, and it must be posted for all to see.</span>
$160,000 + $6,000 + $1,000 = $167,000. I don’t believe that the removal of the shed, filling and grading, or paving the parking lot would be considered part of the acquisition itself, so those values are there just to throw you off from the correct answer.
Renting provides INCREASED flexibility but can lead to HIGHER costs in the long-term.
Answer:
D: $8,580
Explanation:
Land = $7,400*$ 15,600/13400
= $8,580
Therefore, The amounts would be debited to the Land account is $8,580.
Answer:
B) $7.36
Explanation:
The preferred stocks' dividends = 8,000 x $20 x 10% = $16,000
To calculate earnings per share (EPS), we subtract the preferred stocks dividends from the net income = $200,000 - $16,000 = $184,000
Now we divide by the total number of common stocks = $184,000 / 25,000 shares = $7.36
*Convertible bonds are not included in this calculation, they should be included only after they are converted into stock.
