The right answer for the question that is being asked and shown above is that: "Increasing income taxes for the rich so that tax money can fund aid for the economically disadvantaged." The statement that most directly relates to the broad economic goal of freedom is that Increasing income taxes for the rich so that tax money can fund aid for the economically disadvantaged<span>
</span>
Answer:
$0.20 or 20 cents for every dollar invested as assets
Explanation:
To determine how many dollars (or cents) of net income did Walk Co. generate for every dollar of assets invested we have to;
divide Walk Co.'s net income by its total assets = $40,000 / $200,000 = $0.20 or 20 cents. This is called the
Answer:
c.
Explanation:
Based on the information provided within the question it can be said that in order for it to be enforceable, a writing is required for the employment agreement. This is because the employment requires initial work for a month before receiving payment for the services provided. Unlike the other two purchases, since money is being exchanged directly for a product or service at the exact moment.
Answer:
Dr cash $303,500
Cr common stock $133,500
Cr paid in capital in excess of par value $170,000
Second issue of shares:
Dr cash $74,000
Cr common stock $74,000
Explanation:
The cash received from the issuance of 44,500 at $3 par value is $303,500 which is to debited to cash and credited to common stock for$133,500 ($3*44,500) while the balance of $170,000 ($303,500-$133,500) is credited to paid in capital in excess par value account.
On the issuance of no par value common stock for cash of $74,000,the cash account is debited as usual with $74,000 while the common stock account is credited with same amount.
