Answer:
Balance of Stockholder's Equity at December 31 is $1,910,000.
Explanation:
This will appear as follows
Idaho Company
<u>Details $ </u>
Stockholder's Equity:
Common Stock 525,000
Preferred Stock 500,000
Additional Paid-In Cap. - Common Stock 625,000
Additional Paid-In Cap. - Preferred Stock 50,000
Treasury Stock (40,000
)
Retained Earnings <u> 250,000 </u>
Balance at December 31 <u> 1,910,000 </u>
Answer:
The answer is D. $1,830
Explanation:
FIFO means First in First out.
It is one of the inventory methods along with LIFO(Last in First out), average weighted cost and specific identification.
FIFO literally means the inventory bought first will be the first to be sold. Leaving the last inventories bought as the ending inventory.
In this question, Cost of Sales according to FIFO is:
250 units x $6 = $1,500
30 units at $11 = $330
Total =. $1,830
Therefore, the cost of sales under this method is $1,830
The answers below correctly describe the cash over and short account as a debit balance reflecting an expense.
The debit stability in a margin account is the entire sum of money owed by the consumer to a broker or other lender for budget borrowed to purchase securities. a sum of money in a bank account, etc. that's much less than zero due to the fact more money becomes taken out of it than the total amount that becomes paid into it: clients should remember to transfer the debit stability to a credit card with a special charge for debt transfers.
assets and prices have herbal debit balances. which means nice values for assets and expenses are debited and bad balances are credited. subsequently, the current account has debit stability that must be shown on the asset aspect of the stability Sheet.
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Answer and Explanation:
The computation is shown below:
a. The amount in 2 years later is
As we know that
Amount = Principal × (1 + rate)^time period
= $10,675.50 × (1 + 6.5% ÷ 2)^2× 2
= $10,675.50 × (1 + 0.03125)^4
= $10,675.50 × 1.130982
= $12,073.80
b. Now the compound interest is
= Final Amount - principal amount
= $12,073.80 - $10,675.50
= $1,398.30
The above formulas should be applied
Answer:
The answer is option A) operating lease, died financing lease sales - type lease
Explanation:
If the lessor meets any one of the five Group I criteria, then the lessor classifies the lease as <u>an operating lease</u> If the lessor meets both of the Group II criteria, but none of the Group I criteria, then the lessor classifies the lease <u>as a died financing lease </u>If the transaction does not meet either the Group I or Group II criteria, then the lessor classifies the lease as <u>a sales - type lease.</u>
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