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vladimir2022 [97]
2 years ago
5

Access the FASB Accounting Standards Codification at the FASB website (www.fasb.org). Determine each of the following:

Business
1 answer:
vfiekz [6]2 years ago
3 0

Answer:

The following are the answers to the question, using the FASB Acounting Standards Codification at the FASB website:

1. Topic 260, FASB Accounting Standards Codification is the topic number (Topic XXX) that provides the accounting for earnings per share.

2. FASB ASC 260-10-50-1

3. FASB ASC 260-10-50-2

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On April 12, Hong Company agrees to accept a 60-day, 10%, $4,500 note from Indigo Company to extend the due date on an overdue a
yulyashka [42]

Answer:

Dr Notes Payable 4500

Dr Interest expense 75

Cr Cash 4575

Explanation:

Based on the information given if On April 12, the Hong Company agrees to accept a 60-day which include the amount of $4,500 note from Indigo Company which means that in order to extend the due date on an overdue account the journal entry that Indigo Company would make, when it records payment of the note on the maturity date is :

Dr Notes Payable 4500

Dr Interest expense 75

(4500/60 days)

Cr Cash 4575

(4500+75)

7 0
3 years ago
Over the past five years, Teen Clothing stock produced returns of 18.7, 5.8, 7.9, 10.8, and 11.6 percent,respectively. For the s
Alexandra [31]

Answer:

The correct answer is  C. 7.22 percent

Explanation:

To find the arithmetic risk premium for the 5 year period, the formula is

Average risk premium for the period =  Sum of risk premium for each year /  number of years = ∑ra(i) - rf(i) / n

ra = asset or investment return / 100

rf = risk free return / 100

Where i represents each year.

Sum of risk premium for each year = (0.187 - 0.052) + (0.058 - 0.034) + (0.079 - 0.028) + (0.108 - 0.034) + (0.116 - 0.039) = 0.361

Average risk premium = 0.361 / 5 = 0.0722 = 7.22 / 100 = 7.22 percent

8 0
3 years ago
Consider the table below, which shows seven potential customers who are interested in taking a 30-minute helicopter ride. The he
Goshia [24]

Answer:

hi you seem like a really nice persen sorry

Explanation:

8 0
3 years ago
Which of the following statements about lump-sum taxes is correct A. A lump-sum tax means that tax revenues vary directly with G
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D

Lump-sum taxes are described as regressive taxes, meaning that the more income one has, the less they pay in proportion of their income to tax. As a result, they all pay the same, which coincides with D.
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3 years ago
A database admin uses a show statement to retrieve information about objects in a database. this information is contained in a _
anastassius [24]

A show statement is used by a database administrator to get details about the items in a database. A data dictionary has this information.

  • facts factors applied or recorded in a database, facts device, or as a thing of a studies examine are given names, definitions, and houses in a data dictionary.
  • A imperative store for metadata is known as a facts dictionary. records about facts is called metadata.
  • Examples of information that might be found in a company's data dictionary include the names of all the databases that make up the organisation.

The shape and content material of records are categorised and communicated the use of a information dictionary, which also offers insightful descriptions for mainly distinct data objects.

The database control machine where the information dictionary is stored is accountable for this. therefore, on every occasion a database change is finished, the database control device without delay updates the facts dictionary. due to its self-updating nature, that is referred to as an energetic statistics dictionary.

Learn more about data dictionary:

brainly.com/question/8897251

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1 year ago
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