Answer:
Explanation:
lol because its the business and elon musk said it himself and heas richest in world
e34rorowjiop
Answer:
b. $14,660,000
Explanation:
The computation of retained earnings at the end of the year is shown below:-
Retained earnings = Beginning retained earning + Net income - Stock dividend - Cash dividend
= $11,000,000 + $5,000,000 + $500,000 - $840,000
= $14,660,000
Working Note :-
Stock Dividend = 400,000 × 5% × $25
= $500,000
Cash dividend = (400,000 + (400,000 × 5%) × $2
= 420,000 × $2
= $840,000
Answer: C. both Tim and Bev to be marginally attached workers
Explanation: The Bureau of Labor Statistics considers both Tim and Bev as marginally attached workers.
Usually, marginally attached workers refers to individuals who are not actively seeking for a job or employment at a particular point in time,which is the case of both Tim and Bev. However, for an individual to be classed as a marginally attached worker, He or she must be willing and able to work and worked or sought for a job at any point within the last twelve months. Bev has searched for a job within the last year and Tim's environment has very few openings to accommodate employees.
Investment must equal national saving
Answer and Explanation:
1. The amount of goodwill is shown below:
= Purchase price - the market value of net assets
= $6,000,000 - ($17,000,000 + $13,000,000)
= $2,000,000
2. Now the journal entry for purchase is
Assets $17,000,000
Goodwill $2,000,000
To Liabilities $13,000,000
To Cash $6,000,000
(Being the purchase is recorded)
For recording this we debited the assets and goodwill as it increased the assets and credited the liabilities and cash as it also increased the liabilities and decreased the assets
