Essay about an private company

Calculating and Interpreting EPS Information Wells Fargo reports the following information in its 2015 Form 10-K. In millions 20

Delvig [45]

The answer is 20 because 30 is 20 but in a different hdhwgegdhdhbshehdhdb way

6 0

3 years ago

Henry Carr and Noreen Mason formed a partnership, dividing income as follows: annual salary allowance to Carr of $42,000; intere

Evgesh-ka [11]

Answer:

$239,060

Explanation:

The computation of the net income distributed to Carr as follows;

Particulars Carr Mason net income distributed Non-allocated

Net income $442,000

Salary

allowance $42,000 $42,000 $400,000

Interest

on capital $4,410 $10,290 $14,700 $385,300

left amount $192,650 $192,650 $385,300 $0

Net income $239,060

8 0

3 years ago

Intensity pertains to the amount of effort being invested in an activity. Group startsTrue or False

mixas84 [53]

Answer:

true

Explanation:

7 0

2 years ago

For each of the following separate situations, prepare he necessary accounting adjustments using the financial statement effects

mash [69]

Answer:

depreciation expense equipment 610 debit

accumulated depreciation equipment 610 credit

utilities expense 390 debit

utilities payable 390 credit

rent expense 700 debit

prepaid rent 700 credit

insurance expense 468 debit

prepaid insurance 468 credit

wages expense 965 debit

wages payables 965 credit

interest receivables 300 debit

interest revenue 300 credit

Explanation:

(C) rent calculations

2,800 --> four period of rent

2,800 / 4 = 700 per period

(D) insurance calculations

624 for the entire years

expired 9 months in this period

$624 x 9/12 = 468

8 0

3 years ago

Concord Corporation’s balance sheet at the end of 2019 included the following items. Current assets (Cash $82,000) $236,770 Curr

xenn [34]

Answer:

Cash flow generated for the year: 71,790

Explanation:

From the information given we use the indirect method, we adjust net income for the non-monetary terms and then, adjust for the changes in working capital

The sale of assets will be enter under investing activities for the cash received regardless of the gain/loss at disposal

the stock transactions are considered financing from the firms perspective.

Operating Activities:

Net income 60,100

depreciation 16,540

loss at disposal 230

(21,770 - 9,770 = 12,000 against 11,770)

amortization 2,500

adjusted income: 79,370

changes in working capital:

increase in current assets: (29,000)

increase in current liabilities: 14,770

net change in working capital 14,230

from operating activities: 93,600

Investing Activities

sale of equipment 11 ,770

purchase of stocks (16,000)

Building improvements (28,770)

from investing activities (33,000)

Financing Activities

Issuance of bonds payable 52, 190

Cash dividends (30,000)

Purchase of treasury Stocks (11, 000)

from financing activities 11, 190

Cash flow generated for the year:

93,600 - 33,000 + 11,190 = 71,790

5 0

3 years ago

Essay about an private company​

Essay about an private company