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Alchen [17]
3 years ago
7

Flyaway Travel Company reported net income for 2021 in the amount of $110,000. During 2021, Flyaway declared and paid $4,125 in

cash dividends on its nonconvertible preferred stock. Flyaway also paid $30,000 cash dividends on its common stock. Flyaway had 60,000 common shares outstanding from January 1 until 30,000 new shares were sold for cash on April 1, 2021. What is 2021 basic earnings per share
Business
1 answer:
Lena [83]3 years ago
7 0

Answer:

See below

Explanation:

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Simko Company issued $750,000, 8-year, 6 percent bonds on January 1, 2018. The bonds were issued for $710,000. Interest is payab
11Alexandr11 [23.1K]

Answer:

Bond issuance:

Dr cash                                          $710,000

Dr discount on bonds payable    $40,000

Cr bonds payable                                           $750,000

The payment of interest on December 31, 2018:

Dr interest expense     $50,000

Cr discount on bonds payable    $5000

Cr cash                                           $45,000

Explanation:

The bonds were issued at a discount to their face value, as a result, the discount on bonds payable is computed thus:

discount on bonds payable=$750,000-$710,000=$40,000

Bonds payable would be credited with $750,000 while cash and discount on bonds payable would be debited with $710,000 and $40,000 respectively

annual discount amortization=$40,000/8=$5000

annual coupon=$750,000*6%=$45000

6 0
2 years ago
F a taxpayer offers you a $20 bill because they were so happy about the quality service they received, what would be the appropr
BlackZzzverrR [31]
The appropriate action would be: C. <span>Thank the taxpayer, and explain that you cannot accept any payment for your services.
Government workers couldn't receive cash payment in any kind unless there is a necessary administrative purpose. 
They could on the other hand, receives Gifts that held the value less than $ 20</span>
6 0
3 years ago
Read 2 more answers
The primary difference between variable costing and absorption costing is
IgorLugansk [536]

Answer:

The correct answer is letter "D": in absorption​ costing, fixed manufacturing overhead is a product cost.

Explanation:

Absorption costing or full costing includes all costs related to the production process like the fixed costs. Variable costing, on the other hand, only includes the variable costs from the production. Absorption costing incorporates allocating fixed overhead costs of each unit produced during a certain period.

4 0
3 years ago
The American Federation of Labor (AFL) had 1.6 million members by 1904. The AFL represented mainly skilled, white, native-born w
lesya692 [45]

Answer:

Explanation:

As the complete question is not given thus the complete question is found online and is attached herewith.

As per the complete question, the goals of the two foundations are required which are as follows:

American Federation of Labor:

American Federation of Labor made efforts for

  • <em>Cooperation among corporate and political leaders to achieve goals of the working community</em>
  • <em>Settlement of hundreds of industrial disputes </em>
  • <em>Encouraged improvements in safety environment at the factory </em>
  • <em> Establishment of pensions for long-term workers</em>

Industrial Workers of the World

Industrial Workers of the World advocated and worked for:

  • The one big union
  • The rejection of capitalism
  • The inclusion of unskilled and foreign born workers.
6 0
3 years ago
In a data warehouse environment, ETL refers to extraction, transformation, and language. True or False?
vagabundo [1.1K]

In a data warehouse environment, ETL does not refers to extraction, transformation, and language.

<h3>What is ETL?</h3>

ETL means Extract, transform and load (ETL).

It is a procedure for copying data usually form one or more sources into another system.

This language is used in data environment

Therefore, In a data warehouse environment, ETL does not refers to extraction, transformation, and language.

For more details on ETL data warehouse kindly check

https://brainly.in/question/368501

4 0
2 years ago
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