Answer:
D : common stock of $1,000,000
Explanation:
Hadley Corporation
Issued shares × par value common stock
Issued shares 200,000
Par value common stock $5
Hence:
200,000 x $5
= $1,000,000
Therefore the year-end balance sheet would show a common stock.of $1,000,000
Options:
- Smith Bus should be excused from performance under the clause for the rights on improper delivery
- Smith Bus should not be excused from performance because it did not act in good faith
- Smith Bus should be excused from performance under the test of commercial impracticability
- Smith Bus can exercise its right of anticipatory repudiation
Answer:
Correct answer is Option c.
<u>Smith Bus should be excused from performance under the test of commercial impracticability
</u>
Explanation:
In this case, Smith cannot fulfil the contract obligation due to an unforeseen event. Hence, Commercial impracticability shall apply.
<span>Because it focuses on processes that transform data into useful information, structured analysis is called a Process centered technique
Process centered technique is a designing methodology that being done by company to determine the best possible User Interface to be provided for the customers</span>
Answer:
C) $1,500.
Explanation:
The computation of the insurance expense is shown below:
The insurance expense would be equal to the expired amount of the prepaid insurance i.e $1,500
The adjusting entry is as follows
Insurance expense A/c Dr $1,500
To Prepaid Insurance $1,500
(Being insurance expense is recorded)
Therefore, the balance of the prepaid insurance is ignored.
AAA is the highest possible rating credited to Bonds that showcase the highest level of creditworthiness. AAA-rated bonds belong to those who are able to meet all their financial commitments and have the lowest risk of Default. ... Similar 'Aaa' is used by Moody to identify a bond's top tier credit rating.
