Answer:
1 a) + asset , + preferred stock
b) + asset , + preferred stock
c) + assets , + stockholder's equity
d) - and + Asset
e) + -Asset
f) - Equity , + liability
g) - Equity , - Asset
journal entry
a) Debit bank 700000 Credit Preferred stock 700000
b) debit land 420000 , credit preferred stock 420000
c) debit bank 768000 credit stockholder's equity 768000
d) Debit investment 270000 credit bank 270000
e) Debit bank 189000 , credit investment 189000
f) Debit dividend 19600 credit shareholders for dividends 19600
g) debit dividends 96000 credit bank 96000
Explanation:
dividends preferred = 7000 + 4200 = 11200 * 1 . 75 = 19600
dividends common stock = 48000 * 25 * 8 % = 96000
Answer:
$159,500
Explanation:
The computation of the ending stockholder equity at the current year is given below:
As we know that
Total assets = Total liabilities + stockholder equity
Now both are increased by some amount, so the ending stockholder equity at the current year is
= ($870,000 + $59,000) - ($745,000 + $24,500)
= ($929,000) - ($769,500)
= $159,500
Answer:
b. Added to gross wages to calculate Total job Benefits
Explanation:
Employee benefits are incentives offered by employers on top of their regular salaries. Examples of benefits include medical insurance, bonuses, allowances, vacations, educational benefits, among others. These benefits are also known as fringe benefits.
Employee benefits are subject to tax. When calculating an employee's total gross pay, benefits are added to the regular pay to get the total earnings by the employee.
Answer:
The correct answer is option D.
Explanation:
A monopoly market consists of the only a single firm which produces goods with no close substitutes. Such a firm is a price maker and faces a downward-sloping demand curve.
There is no supply curve as the behavior of producers cannot be predicted. A producer can charge any price but it is able to maximize profits at the point where the price is equal to marginal cost.
Thus the change in quantity due to an increase in the demand for monopoly products cannot be predicted.
