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Eva8 [605]
3 years ago
6

The following accounts appear in the ledger of Oriole Company after the books are closed at December 31, 2020.

Business
2 answers:
Serggg [28]3 years ago
8 0

Answer and Explanation:

The preparation of the stockholders’ equity section at December 31, 2020 is presented below:

                                              Oriole Company

                                 Stockholders’ equity section

                                           December 31, 2020

Particulars                                                                         Amount

Stockholder equity:

Paid in capital:

Capital Stock  

Preferred stock                                                                $143,500

Common Stock dividend                    $568,000

Common Stock Dividends Distributable $25,000        $593,000

Total capital stock                                                            $736,500

Additional paid in capital

Paid-in Capital in Excess of Par - Preferred Stock          $343,000

Paid-in Capital in Excess of Stated Value - Common Stock $1,110,000

Total paid in capital                                                               $2,189,500

Add: Retained earnings                                                         $758,000

Total paid in capital and retained earnings                          $2,947,500

Less: Treasury stock                                                               -$96,600

Less: Accumulated Other Comprehensive Loss                    -$34,500

Total Stockholder equity                                                          $2,816,400

We deduct the treasury stock and the accumulated other comprehensive loss and rest items are added so that the total stockholder equity could arrive

Furkat [3]3 years ago
7 0

Answer:

15.02

Explanation:

because of the section

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which of the following statements are correct regarding the requirements to meet the economic performance test under the various
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Complete question

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8 0
1 year ago
This jacket is so thin. It can't possibly keep out the rain."(Use the boomerang method.)
Ivan

Answer:

The jacket is thin because it uses a fiber called thinsulate that enables it to have the lightest weight but is also the warmest.

Explanation:

In general marketing, the boomerang method refers to the 'reconstruction' of the customer's objection into the main reason for buying. In other words, using the same excuse that a customer has about a product to entice him/her to buy that product by reframing it as a selling point is known as the boomerang method.

In the given scenario, the customer's objection is about the thinness of the jacket can be used as a selling point by the salesman by stating that the lightness of the jacket is what makes it a good product. So, if the seller tells the customer <em>"the jacket is thin because it uses a fiber called Thinsulate that makes it thin but also warm"</em>, then that will make it an interesting and important factor for the customer to like the product more.

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