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3 years ago

Reporting Stockholders' Equity

Business

1 answer:

Mrac [35]3 years ago

5 0

Answer:

Kindly check attached picture

Explanation:

Given the following :

Common Stock, $120 par - $48,000,000

Paid-In Capital from Sale of Treasury Stock - 4,500,000

Paid-In Capital in Excess of Par—Common Stock - 6,400,000

Retained Earnings - 63,680,000

Treasury Stock - 5,200,000

Kindly see attached picture for detailed explanation

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The Doodad Company purchases a machine for $440,000. The machine has an estimated residual value of $40,000. The company expects

Alika [10]

Answer:

Annual depreciation= $35,000

Explanation:

Giving the following information:

The Doodad Company purchases a machine for $440,000.

The machine has an estimated residual value of $40,000.

The company expects the machine to produce eight million units.

The machine is used to make 700,000 units during the current period.

To calculate the depreciation expense under the units-of production method, we need to use the following formula.

Annual depreciation= [(original cost - salvage value)/useful life of production in units]*units produced

Annual depreciation= [(440,000 - 40,000)/8,000,000]*700,000

Annual depreciation= 0.05*700,000

Annual depreciation= $35,000

5 0

3 years ago

When comparing a 10-year bond versus a 1-year bond, the 10-year bond has a much greater interest rate risk. True or false?.

ValentinkaMS [17]

True,When comparing a 10-year bond versus a 1-year bond, the 10-year bond has a much greater interest rate risk

A bond is a sort of financial security in which the issuer owes the bearer a debt and is obligated to repay the principle of the bond as well as interest over a specified period of time, depending on the terms. Interest is normally paid at regular intervals.

Bonds are one way for businesses to raise funds. A bond is a loan made between an investor and a firm. The investor agrees to contribute the corporation a particular sum of money for a set length of time. In exchange, the investor receives interest payments on a regular basis.

To know more about bond follow the link:

brainly.com/question/25965295

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5 0

2 years ago

Which of the following will probably earn a higher level income?

aleksley [76]

In my opinion D. a female accountant with a masters degree in business administration, will earn a higher level of income. <em>Explanation- if she has a masters then they may accept her in jobs other people are not able to get without a masters, they may also pay her higher because of it.</em>

<h3>Hope this will help- for more help follow me, or contact me</h3>

7 0

3 years ago

Read 2 more answers

Jose owns a dog whose barking annoys Jose's neighbor Amy. Suppose that the net benefit of owning the dog is worth $400 to Jose a

Alex Ar [27]

Answer: Jose has to pay $600.

Explanation:

Jose has to pay $600 to Jane for her inconvenience.

In Accordance with Coase theorem, when two conflicting parties exist, one has to ‘buy the right’ from the other party.

Which In this scenario or case, Jane has the ‘right to prevent Jose from having a dog’.

Thus, Jose has to pay compensation to Jane so that he can keep his dog and at the same time Jane is also compensated for the inconvenience which may arise later.

5 0

3 years ago

Read 2 more answers

poornima gupta is retiring soon, so she is concerned about her investments providing her steady income every year. she is aware

pshichka [43]

In a case whereby poornima gupta is retiring soon, so she is concerned about her investments providing her steady income every year, the risk is poornima most concerned about protecting against is interest reinvestment risk.

<h3>What is interest reinvestment risk?</h3>

Reinvestment rate risk can be described as the risk that should be considered in the case whereby the investor have the reason to carry out reinvestment in regards with the future cash flows which could come inform of a lower return as a result of the interest rate declines.

It should be that this risk is very important to be taken serious by the investors because any slight mistake can result to very huge lost in the part of the investor and this can bring down there investor in term of finance which is very dangerous for his health as well as other investment that he have outside.