The information that the statement columns in the end-of-period spreadsheet mean to the accountant is the accounts have not been updated and a net income of $41,388. The correct option is b and c.
<h3>Who is an accountant?</h3>
An accountant is a person who manages and calculates the accounts or finance of a company, a firm, or a person. He calculates the capital of the person, manage taxes and give advice about the finance of the person.
Given that, debits are $26,754 and credits are $68,142. If we subtract the debit from the credit. We see a net income of $41,388.
Thus, the correct option is b. the accounts have not been updated. c, net income of $41,388.
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Answer:
Emergency
Explanation:
Always have extra money for problems that arise.
$396,200 + 61,250 + 27,600+ 9,000+ = 479,000 dollars
Answer:
Explanation:
Stockholder's Equity
Paid in Capital:
Common Stock $48,000,000
Paid in Capital in excess of Par - Common Stock $6,400,000
Paid in Capital from sale of Treasury Stock $4,500,000
[58,900,000]
Total Paid in Capital $58,900,000
Retained earnings $63,680,000
Total Paid in Capital & Retained Earnings $122,580,000
Deduct: Treasury Stock $5,200,000
Total Stockholder's Equity $117,380,000
