Answer:
E. Reports how equity changes over a period of time.
Explanation:
Statement of owner's equity as the name suggests is the statement which describes the changes in owner's equity, as it is obvious that the change cannot occur at a point of time, it will occur over a period of time.
And therefore, the statement is prepared over a period generally for a fiscal year, or a financial year.
There is no statement prepared to show any change in owner's equity at a point.
Statement reporting cash flows is called cash flow statement.
Therefore, correct option is:
Statement E
Answer:
number of share 30,000 share
price per share = $90
Explanation:
given data:
investor's share = 5%
outstanding share =400,000
stock split = 3/2
number of share after spliting = investor share* outstanding share* stock split
= 5%*400,000*(3/2)
= 30,000 share
per share price can be determined by using following relation:
= $90
The answer is "$228,000".
net income of based on variable costing = $212,000
<span>beginning and ending inventories were 6,000 units and 10,000 units
</span><span>fixed overhead per unit = $4
This is how we calculate the </span>net income under absorption costing;
$212,000 + (10,000 units × $4) – (6,000 × $4)
= $228,000
Answer:
Video creation
Explanation:
I'm editor too...and I love creating videos so that I can try new edits on it....
