Answer:
b. <em> </em>Additional paid-in capital is decreased
Explanation:
The entry to record acquisition and retirement is:
Debit Credit
Common stock $1
Paid-in capital—excess of par $34
<em> Paid-in capital—share repurchase $5</em>
Cash $30
<em>Conclusion: </em>Additional paid-in capital is decreased.
Answer:
checking and saving
Explanation:
when you opening a new bank account. the bank will ask you want to open a checking and saving account or both
Answer:
Top level managers
Middle level managers
First level mangers
Explanation:
Management involves the process of planning, organizing, directing and controlling. These functions are carried out by the top level managers, middle level managers and first level managers.
Top level managers are those in charged of setting the long term goal of a company, they are basically the board of directors of a company.
The middle managers are the engine of a company, they push the line managers to work and supervices their work.
The first level managers are also known as floor managers, they oil the engine of the company.
Answer:
Wholistic Health Services Co.
Income Statement for the year end February 28, 2019
Service Revenue $270,900
Less: Supplies Expense <u>$3,000 </u>
Gross Income $267,900
Less operating Expenses:
Insurance Expense $4,000
Depreciation Expense $9,000
Miscellaneous Expense $6,000
Utilities Expense $1,760
Rent Expense $4,200
Wages Expense <u>$213,000</u>
<u>$237,960</u>
Net Income <u>$29,940 </u>
Explanation:
Income statement shows the performance of the company in a year. It provides the details of revenue, expenses and profits for the year. All the expenses are deducted from the revenue to determine the net earning of the business.
Answer:
a. was largely driven by the desire for expanded overseas trade
Explanation:
