Answer:
E. Debit Cost of Goods Sold $839,300; credit Finished Goods Inventory $839,300.
Explanation:
The journal entry is as follows
Cost of goods sold Dr $839,300
To Finished goods inventory $839,300
(Being the cost of goods sold is recorded)
The computation is shown below:
= Beginning balance of finished goods inventory + transferred of goods completed - ending balance of finished goods inventory
= $160,500 + $837,000 - $158,200
= $839,300
Answer:
-9.92%
Explanation:
P₀ = Div₁ / (Re - g)
- Div₁ = next year's expected dividend = $1.12 x (1 - 11.5%) = $0.9912
- Re = cost of equity = ?
- P₀ = current stock price = $62.91
- g = dividend's growth rate = -11.5%
Re = (Div₁ / P₀) + g
Re = ($0.9912 / $62.91) - 11.5%
Re = 1.58% - 11.5% = -9.92%
Since the cost of equity or required rate of return cannot be negative, I suppose that investors are not worried about Abbott distributing dividends, instead, they prefer that the company reinvests earnings in new projects.
Answer:
Assets= liabilities + equity
To find the total cost of the land is $65,000.
<h3>
What is a corporation?</h3>
- A corporation is a business or other type of organization that has been established by a group of people and has been given legal status as a single juridical person by virtue of a treaty, statute, or other act that has been passed by a state or supranational organization.
- It can be a private or public law legal entity that is recognized in law for specific purposes.
- 10 Early corporations were created with a charter (i.e. by an ad hoc act granted by a monarch or passed by a parliament or legislature).
- The majority of governments currently permit the registration of new corporations.
<h3>What are attorney fees?</h3>
- Attorney's fee is a word used mostly in the United States to describe payment for legal services rendered by an attorney on behalf of a client, whether in or out of court.
- It could be a flat-rate, hourly, or contingent charge.
<h3>Solution -</h3>
To find the total cost of the last, add all the numbers as follows:

Subtract proceeds from the scalp = 
Therefore, to find the total cost of the land is $65,000.
Know more about legal entities here:
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