Answer:
The correct option is the acquisition of these treasury shares decreased total stockholders' equity.
Explanation:
Initially the total stockholders' equity is $133,900
($13*10,300) which comprised of $82,400 common stock ($8*10,300) $51,500 paid in capital in capital in excess of par value.
By repurchasing 1,030 treasury stock at $10,the total stockholders' equity decrease by $10,300,which leaves a balance of $123,600 ($133,900-$10,300).
In other words,the first option is the correct choice of answer
Answer:
a. Variable cost
b. Fixed cost
c. Fixed cost
d. Mixed cost
e. Variable cost
f. Variable cost
g. Variable cost
h. Fixed cost
i. Variable cost
j. Mixed cost
k. Mixed cost
l. Mixed cost
m. Variable cost
n. Variable
o. Fixed cost
p. Fixed cost
q. Fixed cost
r. Variable cost
s. Variable cost
t. Fixed cost
Explanation:
Note the following categories of costs:
Variable cost: This are cost that are subject to change such cost includes purchase cost of supplies, bills based on usage, hourly wages expenses.
Fixed cost: are generally recognisable cost that are stable over time, such as rent, salary, specific expense that have a fixed price etc.
From the overall analysis of the cost of Seymour Clothing Co. it is noticed that most of their expenses are variable in nature with less of mixed and fixed expenses (cost).
Answer:
Latinmore made money on the exchange rate movement. It was an exchange rate gain of $369,566. The marginal tax impact was $147,826.
Explanation:
Since the standard practice in accounting is to reflect the current situation of the company, any change in the exchange rate that affects the assets of the company abroad must be recognized. The financial income of exchange gains are registered in the Income Statement and affects the base to pay income tax.
Answer and Explanation:
As per the data given in the question,
The preparation of the operating activities section of the cash flow statement using the indirect method is shown below:
Cash flow from operating activities:
Net income $21,000
Add: Depreciation $4,000
Less: Accounts receivable expense -$9,000
Add: Inventory decrease $4,000
Add: Salaries payable increase $900
Net cash flow provided by operating activities $20,900
Net income is added because it provided before adjustment.
Depreciation is added because it is non cash expense.
Accounts receivable expense is deducted because it is trap in account receivable.
Inventory decrease is added because it depicts that the inventory is converted in cash.
Salaries payable increase is added because it shows cash is not paid which rise the level of cash.
