<span>The AICPA rules would enforce that he is not allowed to join the board since he would be considered a firm professional. This would prevent a conflict of interest where he would serve as a director of a client. The AICPA is the American Institute of Certified Public Accountants.</span>
Answer:
The transaction recorded are shown in the below table.
Explanation:
According to the scenario, the following transaction according to the perpetual system can be recorded as follows :
Date Particulars Debit Credit
Feb.9 Purchase Inventory $54,000
Accounts payable $54,000
Mar.7 Accounts Receivable $74,000
Sales inventory $74,000
Mar.7 Cost of goods sold $54,000
Inventory $54,000
Answer:
183,450 shares
Explanation:
The computation of the weighted average number of shares is shown below:
January 1 to April = 138,000 shares for 4 months = 46,000 shares
May to June = 72,000 shares + 138,000 shares = 210,000 shares for 2 months = 35,000 shares
July to September = 210,000 shares - 10,200 shares = 199,800 shares for 3 months = 49,950 shares
October to December = 199,800 + 10,200 shares = 210,000 for 3 months = 52,500 shares
Now weights average number of shares is
= 183,450 shares
Answer:
$1,000,000
Explanation:
Gallagher Corporation
Stock option × Option estimated fair value /Numbers of years
Stock option $400,000
Option estimated fair value $10
Numbers of years 4
Hence:
($400,000 × $10) / 4 years
=$4,000,000/4years
= $1,000,000
Therefore pretax compensation expense for year 1 will be $1,000,000
Answer: Take a picture of the check and email it to the company's address.
