Answer:
D. $30,000 overstated
Explanation:
Understatement of ending Inventory overstate the value of cost of Goods sold and understate the value of Net income and retained earning as well.
Overstatement of ending Inventory understate the value of cost of Goods sold and overstate the value of Net income and retained earning as well.
In 2016 the net income and retained earning was understated by $120,000.
In 2017 the net income and retained earning was overstated by $150,000.
Net Effect of both event in Retained earning at January 1, 2018
$150,000 overstated - $120,000 understated = $30,000 overstated
Answer:
"D" is the correct answer.
All of these.
Explanation:
NOTE: in this question, options part is missing, The option for the following question is :
b. Additions to business stock
c. firms' buy of equipment
d. All of the above
Gross Domestic Product is the overall financial or retail value of all completed production of goods and services in a specific period within a country.
formula to calculate GDP is as follow
GDP = C + I + G + NX
where C stands for Private consumption.
I stands for investment
G stands for government consummation
NX for net export (total export - total import)
GDP use to calculate countries total gross production during a particular year.
Answer:
Some rights of common stockholders are given below.
Voting power on major issues.
Ownership in a portion of the company.
The Right to transfer ownership.
Right to receive declared Dividends.
Opportunity to inspect corporate books, minutes file and other records.
The right to sue for wrongful acts.
Right to attend AGM.
Differences between common and preferred stock
Preferred stock have no voting right while common stock holders have voting right.
When interest rates rise, the value of the preferred stock declines, and vice versa. With common stocks, however, the value of shares is regulated by demand and supply of the market participants.
Common stockholder has right to participate in net asset of company in case of winding up. Preferred stock holder has no such right.
Company profitability have direct effect on wealth of common stockholder but not of preferred stock holder.
Answer:
$0
Explanation:
Finerly should recognize $0 of revenue upon delivery to distributors. Because of the uncertainty of the returns due to the fact that Finerly does not know if it will have to accept the cosmetics back from the distributors if the cosmetics are not sold, Finerly cannot or should not recognize revenue until it either can estimate in a better way its returns or when the sales actually occur.
