1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Anna71 [15]
3 years ago
12

Scott Lockhart owns and operates AAA Delivery Services. On January 1, 20Y7, Common Stock had a balance of $40,000 and Retained E

arnings of $815,500. During the year, no additional common stock was issued, and $10,000 of dividends were paid. For the year ended December 31, 20Y7, AAA Delivery reported a net income of $67,250. Prepare a statement of stockholders' equity for the year ended December 31, 20Y7.
Business
1 answer:
Ulleksa [173]3 years ago
7 0

Answer and Explanation:

The preparation of the statement of stockholder equity should be presented below:

<u>Statement of stockholders' equity </u>

<u>For the year ended December 31, 20Y7 </u>

<u>Particulars                   Common Stock          Retained Earnings          Total </u>

<u>Beginning balance, </u>

January 1                       40000                           815500                        855500

Add: Net income            0                                    67250                           67250

Less: Dividends paid     0                                    -10000                        -10000

Ending balance,

December 31                  40000                              872750                   912750

You might be interested in
When the carrying cost of inventory is expressed as a percentage: A. it is usually the same as the borrowing cost of the organiz
dimaraw [331]

Answer:

Option E It is multiplied by the material unit cost to calculate the per unit carrying cost.

Explanation:

The reason is that the carrying cost which is also known as holding cost is the cost of holding a unit material for a year and this can be calculated as:

Holding Cost is also given in percentage of material price and is calculate by multiplying it with the material unit cost to calculate the holding cost per unit per year.

So the option E is correct.

5 0
3 years ago
The true focus in marketing activities is:
Ivan
I’m thinking it is c
7 0
4 years ago
Identify the principle of competitive advantage that is associated with product implementations.
Gwar [14]
<span>Differentiating service offerings is the principle of competitive advantage that is associated with product implementations.Service differentiation is a challenge to marketers because services are intangible in nature.Differentiated service is a design pattern for business services , in which the service varies automatically according to the identity of the consume</span>
4 0
3 years ago
The gasoline tax:
jenyasd209 [6]

Answer:

a. can be viewed as a corrective tax aimed at multiple negative externalities associated with driving.

Explanation:

The gasoline tax can be considered a corrective tax aimed at multiple negative externalities associated with driving.

6 0
3 years ago
A student wants to buy a smartphone so she can share pictures with her friends. An insurance claims adjuster wants to buy a smar
gayaneshka [121]

Answer:

Option A (Both the adjuster and the student we potential customers because in their own way, they both benefit from the product).

Explanation:

Both the adjuster and the student were potential customers as they were both buying the smartphone for either personal or official use. The adjuster sees the smartphone as a product or tool that could be used to make work efficient. The student sees the product as a luxury. Either way, they are buying the smartphone and as such, they are very important to the producers of the smartphone because the product is useful to both of them.

5 0
3 years ago
Other questions:
  • Lilliput is a country that has closed borders and does not import or export any goods or services; hence, they do not worry abou
    9·1 answer
  • Food for Families, a nonprofit organization, uses inputs such as money, groceries, and volunteer time and labor to transform foo
    7·1 answer
  • I. Explain the term<br>excess demand.​
    6·1 answer
  • A profit-maximizing firm's daily total revenue is $155 with 3 workers, $200 with 4 workers, and $230 with 5 workers. the cost of
    14·1 answer
  • Debt Collection Service enters into a contract to employ Emma as a billing manager for two years. During the first year, Emma is
    9·1 answer
  • Google, Yahoo, Bing, and other major news and search sites confer legitimacy by way of algorithms that take into account what us
    13·1 answer
  • A __________ is a profit-seeking organization that receives deposits from individuals and corporations and uses some of these de
    10·1 answer
  • Two or more products are produced using limited resources. The firm would like to determine how many units of each product it sh
    14·1 answer
  • The following is an excerpt from the Sherman Act of 1890: "Every person who shall monopolize, or attempt to monopolize, or combi
    9·1 answer
  • In which of these areas in the manufacturing and distribution process can a company create sustainability measures? (Select all
    14·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!