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3 years ago

Cutler Corporation is authorized to issue 10,000 shares of common stock. It sells 6,000 shares at $19 per share.

Business

1 answer:

MissTica3 years ago

4 0

Explanation:

here, D= debit , C= credit

D :Cash (6,000*19) =$114,000

C: Common Stock(6,000*10)= $60,000

C: Excess Capital in par value, Common stock =$54,000

D:Cash (6,000*19)= $114,000

C: Common Stock(6,000*8)= $48,000

C: Excess Capital in stated value, Common stock= $66,000

D: Cash (6,000*19)= $114,000

C: Common Stock(6,000*19)= $114,000

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To record the accounts receivable collected from the written-off receivable, first restore the accounts receivable with the following entry:

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3 years ago

Dana is assigned to create a training program for newly hired mortgage loan officers. She has the ____ to complete this assignme

julsineya [31]

Dana is assigned to create a training program for newly hired mortgage loan officers. She has the "responsibility" to complete this assignment.

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A mortgage loan is a secured loan that enables you to access money by giving the lender collateral in the form of an immovable asset, like a home or commercial property.

The main difference between the loan and mortgage loan is-

Any financial arrangement where one party receives a lump sum and agrees to repay the money is referred to as a "loan."
A mortgage is a specific kind of loan used to fund real estate. Although a specific kind of loan, not all loans are mortgages. Loans that are "secured" are mortgages.

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2 years ago

Financial capital markets bridge the gap between savers and investors: that is, they find ways to take the inflow of funds from

madreJ [45]

Answer: stocks, bank loans, bonds, and other financial investments.

Explanation:

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3 years ago

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Solution :

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$\frac{\text{available balance}}{(1+\text{interest rate})}= \text{required bank balance}$

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$=\frac{8000}{1.0925}$

= $ 7,322.65

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7,322.65 + 1000 = $ 8,322.65

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3 years ago

The Gregor family installed a pool in their backyard but refused to put in a fence. While the Gregors were on vacation, a 10-yea

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The family of the boy will most likely sue the Gregors for not putting a fence around the pool in their backyard due to which their child has been injured.

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2 years ago