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2 years ago

The following events apply to Guiltf Seafood for the 2018 fiscal year:

Business

1 answer:

Paladinen [302]2 years ago

6 0

Answer:

Cash + Equipment - Accumulated depreciation = Common stock + Retained = $46,460

Explanation:

Note: See the attached excel file for the horizontal statements model.

In the attached excel file, we have:

Accumulated depreciation = (Cost of cooktop or equipment - Estimated salvage value) / Expected useful life = ($39,000 - $3,200) / 5 = $2,440

From the attached excel file, the accounting equation can be proved from the balances as follows:

Cash + Equipment - Accumulated depreciation = $33,500 + 15,400 - $2,440 = $46,460

Common stock + Retained = $39,000 + $7,460 = $46,460

Therefore, we have:

Cash + Equipment - Accumulated depreciation = Common stock + Retained = $46,460

Download xlsx

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2 years ago

On November 10th, Easton Company sold the Y Company stock for $31 per share. On December 15th, Z Company paid dividends of $0.12

AysviL [449]

Answer:

Find attached complete part of the question.

The unrealized gains is $3500

Explanation:

Y stock has been disposed and its gains or losses are now realized, and it is not applicable to our computation now.

Unrealized gains or losses is the difference between purchase price of a stock and its current market price

Stock X=($43-$40)*1500=$4500 gains

Stock Z=($21-$22)*1000=-$1000 losses

So unrealized gains overall =$4500-$1000

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Note that the price of stock X has risen to $43 from initial $40 while that of company Z has fallen to$21 from the initial $22.

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3 years ago

The 2017 Form 10-K of Oracle Corporation, for the May 31, 2017 year-end, included the following information relating to their al

KatRina [158]

Answer:

B. $129 million

Explanation:

bad debt expense for the year = balance in allowance at the end + write off - balance in allowance at the beggining

= $319 million + $137 million - $327 million

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3 years ago

Which characteristics describe customers who are more likely to have high assets and medium-low debt?

Zielflug [23.3K]

Customers with credit cards with no balance are more likely to have high assets and medium-low debt.

<h3>What do you mean by Credit card?</h3>

A credit card is a small rectangular or metal piece of paper issued by a bank or financial services company, which allows cardholders to borrow money to pay for goods and services from merchants who accept cards to pay.

Customers who are more likely to have medium and low credit often use credit cards, but do not leave a balance. They also have a savings account and a retirement account.

Thus, Customers with have credit cards with no balance are more likely to have high assets and medium-low debt.

To learn more about credit card refer:

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2 years ago

Donovan and Keith both work as line employees at the Widget Corporation plant. They are both big fans of the San Francisco Forty

Bezzdna [24]

Answer:

Social companionship

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Social companionship is a type of friendship or relationship between individuals who share similar likes and benefit from each other as they feel a sense of closeness doing things they like together. Donovan and Keith, who share some similarities and likes between each other, provide social companionship to each other as they hang out together as fans of a club.

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3 years ago