Answer:
Dr. Depreciation Expense Account $8,200
Cr. Accumulated Depreciation $8,200
Explanation:
Depreciation is the expense that is charged from the fixed assets to the revenue. All the depreciation of the fixed asset are accumulated in a account of accumulated depreciation, which is contra asset account. the assets are reported on the balance sheet net of accumulated depreciation.
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There are two shoe stores in a small town. Store a is selling a pair of running shoes for $ 39.50. If it costs Store a $ 40 to order this pair of shoesfrom the factory, then Store A is practicing predatory pricing.
This store is most likely selling running shoes below the cost of production to drive the other shoe<span>store out of business or at least to discourage them from selling the same running shoe.</span>
Answer:
Issued shares =5000
Outstanding shares = 4700
Explanation:
Jan-1 Issued shares = 2000 shares
During year 3000 shares were issued.
a.) Outstanding shares =?
we know that Outstanding shares = issued stock -repurchased shares- treasury stock
= 2000+3000-500+200
= 4700 shares.
b.) Shares of common stock issued=?
Number of issued shares = 2000+3000 = 5000 shares.
Number of outstanding shares will always be less than issued shares.
It is unhelpful and non-beneficial because always using cash will result in you having no credit history so banks would not be able to see how reliable you are in paying back a loan
