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3 years ago

The account that is brought up to date after the closing entries have been journalized and posted is the ____.

Business

1 answer:

yanalaym [24]3 years ago

5 0

Complete/Correct Question:

The account that is brought up to date after the closing entries have been journalized and posted is the ____.

A. Sales account

B. Purchases account

C. Capital Stock account

D. Retained Earnings account

Answer:

D, retained earnings account

Explanation:

Retained earnings can be defined as the accumulated income of a firm, that is retained by firm, after a certain period of time. After a certain time could be after the reporting period.

Simply put, retained earnings can be said to be the amount of income that a firm keeps after a period such as declaring financial reports.

The retained earnings is always reported and recorded in the stakeholder's equity and the company's balance sheets respectively. Retained earnings signify or represent how much of its profits a firm has reinvested itself.

Cheers.

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On the grant date, January 1st, 2015, the stock was quoted on the stock exchange at $63 per share. The fair value of the options

Dafna11 [192]

Answer:

2015 $31,500

2016 $31,500

2017 $31,500

Explanation:

Number of Options in total × Fair Value of the Stock per option

Where

Number of Options in total = 63

Fair Value of the Stock per option =15

Hence:

(63*100) ×$15

=$6,300 ×$15

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Compensation expense will be:

2015, 2016, and 2017 will give us 3 years

= $94,500/3

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Thepotemich [5.8K]

Answer:

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Explanation:

Asset Turnover = Net Sales / Total Asset

Capital Intensity = Total Asset / Net Sales

According to the above formulas most efficient situation will be to increase the asset turnover and decrease the capital intesity ratio because they are reciprocal to each other, so thses will behave inversly with each other. Higher turnover means the higher sales using total asset and lower capital intensity ratio means asset are lower timesto the net sales which is an efficient use of asset.

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On January 2, 2009, L Co. issued at par $20,000 of 4% bonds convertible in total into 1,000 shares of L's common stock. No bonds

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Answer:

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Explanation:

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Answer:

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