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katrin2010 [14]
3 years ago
15

QUESTION 3

Business
1 answer:
Oksana_A [137]3 years ago
7 0
Yes yes yes yes yes yes yes
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Question in the picture
svetoff [14.1K]
Hope u get your answer!
8 0
3 years ago
Read 2 more answers
Fischer Company has outstanding 8,000 shares of $100 par value, 5% preferred stock, and 50,000 shares of $1 par value common sto
nikklg [1K]

Answer:

The appropriate solution is "$130,000".

Explanation:

The given values are:

No. of common shares outstanding

= 50,000

Dividend per share

= $1.80

No. of preferred shares outstanding

= 8,000

Dividend per share

= $5

Now,

The total dividend on common shares will be:

=  No. \ of \ common \ shared \ outstanding\times Dividend \ per \ share

On substituting the values, we get

=  50,000\times  1.80

=  90,000 ($)

The total dividend on preferred stock will be:

=  No. \  of \ preferred \ shares \ outstanding\times Divided \ per \ share

On substituting the values, we get

=  8,000\times 5

=  40,000 ($)

Hence,

The total dividend paid by company will be:

=  Total \ dividend \ on \ common \ shares +Total \ dividend  \ on \  preferred \ stock

=  90,000+40,000

=  130,000 ($)

Thus the above is the correct answer.

4 0
3 years ago
Recording revenue before it is collected is an example of: Multiple Choice A prepaid expense transaction. A deferred revenue tra
PilotLPTM [1.2K]

Answer:

An Accrued Receivable transaction

Explanation:

Before the receipt of cash recording a revenue is the example of accrued receivable because product is sold or services are already been performed on which basis transaction is occurred and recorded. So, the receivable is recorded against the revenue entry.

The journal Entry for this transaction will be as follow

DR. Account receivable  xxx

CR.  Revenue                   xxx

6 0
3 years ago
On June 1 a company purchased a one-year insurance policy for $1,800 with coverage starting immediately. If the purchase was rec
Alenkinab [10]

Explanation:

The adjusting entry is shown below:

Insurance expense Dr $1,800

       To Prepaid insurance $1,800

(Being the insurance expense is recorded)

For recording the adjusting entry for advance purchase of insurance policy we debited the insurance expense and credited the prepaid insurance account so that the correct posting could be done

8 0
4 years ago
Camping Co. was organized to sell a single product that carries a​ 45-day warranty against defects. Engineering estimates indica
KiRa [710]

Answer:

Liability for product warranty at month end is $4810

so correct option is E) None of these

Explanation:

given data

time = 45 days

defective =  8​%

average repair cost = $65 per unit

total sales =  1,000 ​units

repaired = 6 unit defective

to find out

liability for product warranties at​ month end

solution

we know that First Month Sales units = 1,000

and First month estimated liability in units @8 % is = 80

and here Defective Units already repaired is 6

Additional liability in unit is = 80 - 6 = 74

and Additional liability @$65 per unit will be = 74 × 65 = 4810

So Liability for product warranty at month end is $4810

so correct option is E) None of these

4 0
4 years ago
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