Answer:
The total amount of stockholders' equity is: $10,000
Explanation:
The accounts and values included in stockholders' equity are:
- Common stock 4,000 (1)
- Paid in capital 4,000 (2)
- Treasury stock -1,000 (3)
- Retained earnings <u> 3,000 (4)</u>
Total stockholders' equity 10,000
1 - Nominal value of outstanding shares.
2- Difference between the price paid by stockholders when shares were issued and nominal value.
3- Shares recovered by the company.
4- Earning accumulated by the company.
Yeah, actually probably. I bet.
Answer:
These answer choices are correct:
a) Different companies use different charts of accounts based on individual company need.
The chart of accounts is the list of all the accounts that a company uses over a period of time. Because each company has a different economic and operating activity, each company's chart of accounts is unique.
b) The chart of accounts contains the balance of all of the accounts in a ledger
c) The chart of accounts should be ordered in a logical sequence based on type of account
The chart of accounts includes all the acounts of the ledger, and it also is organized following a logical sequence. Assets, Liabilities, Stockholders' Equity, and their corresponding subdivisions, is usually the order of organization.
Answer:
.size of the financial institution
Explanation:
The reserve requirement is one of the monetary policies of the Fed used to increase or decrease the money supply in the economy. The Fed will require commercial banks a certain percentage of the cash deposits in their vaults as reserve. Through the reserves requirement, the Fed regulates the amount of money available to be loaned to firms and households.
The amount of reserve a bank is supposed to hold as reverse is dependent on its size. For example, small size banks whose transaction accounts are below 15.2 million are not required to hold reserve. Medium size banks that with transaction account that range from $15.2 million to $110.3 million are required to keep 3 percent of deposits as reserve. Large banks with transaction accounts above $110 million must hold 10 percent as reserve.
