Answer:
D.net income (loss), common stock, and dividends
Explanation:
Stockholder´s equity statement: It is a financial statement that shows all the changes in the value of stockholder´s equity in a particular period of time. It includes comprehensive income, unlike the income statement. It helps in knowing the position of equity.
Statement of shareholder´s equity include the following components:
- Share capital.
- Retained earning.
- Income and dividend.
These three component affect the following item in the statement:
- Issue of share capital.
- Payment of dividends.
- Change in net income.
- Bonus share issue.
- Sale of treasury stock.
- Foreign Exchange.
- Fixed asset revaluation.
objectives of controls are of primary interest to an auditor performing a financial statement audit--- Accurate and reliable financial reporting.
What are the primary objectives of internal control?
The primary purpose of internal controls is to help safeguard an organization and further its objectives. Internal controls function to minimize risks and protect assets, ensure accuracy of records, promote operational efficiency, and encourage adherence to policies, rules, regulations, and laws.
What are the 5 internal controls in auditing?
There are five interrelated components of an internal control framework: control environment, risk assessment, control activities, information and communication, and monitoring.
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Answer: $214000
Explanation:
The amount of goodwill that should be recognized by Carla Vista Company when recording the purchase of Sandhill Company will go thus:
Book value of net assets = $1923000
Add: Excess fair value of tangible asset = $190500
Add: Excess fair value of intangible assets = $142500
Fair value of net assets = $1923000 + $190500 + $142500 = $2256000
Therefore, Goodwill will be:
=Cash paid for purchase - Fair value of net assets
= $2470000 - $2256000
= $214000
There are lot of people involved in production. The action taken by the producer is prohibited by law.
<h3>Which actions is considered to be an unfair trade practice?</h3>
Unfair business practices are said to be any kind of misrepresentation, untrue advertising or depiction of a good or service, noncompliance with the terms of manufacturing standards, etc.
The action of the producer is prohibited because it is not the right thing to do and also not backed up by law.
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Answer:
The simple rate of return on the investment is closest to: C. 10.6%
Explanation:
In Hartong Corporation:
Increasing net income = Increase sales revenues - Cash operating expenses - Annual depreciation expense = $185,000 - $89,000 - $52,000 = $44,000
This is the net income from the equipment per year
Return on the investment (ROI) is calculated by using following formula:
ROI = (Net income/Cost of investment
)x 100%
Cost of investment = Cost of equipment = $416,000
ROI = ($44,000/$416,000) x 100% = 10.6%
