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3 years ago

Match each of the follwoing terms with their descriptions Total Liabilities.

Business

1 answer:

Darya [45]3 years ago

8 0

Answer and Explanation:

The matching is as follows:

a. 2. Shareholder equity as it shows the difference between the assets and liabilities of the firm

b. 4. Total debt it represent the short and long term interest i.e. note payable + long term debt etc

c. 3. Total assets it is a sum of shareholder equity and the total liabilities

d.1. Total liabilities it shows the obligations or the amount owed to creditors

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Green Corporation (a calendar year taxpayer) had a deficit in accumulated E & P of $250,000 at the beginning of the current

Jet001 [13]

Answer:

Check the following explanation.

Explanation:

Corporation has no accumulated E & P at the time of the distribution. The shareholder has a taxable dividend equal to the current E & P determined at year-end, which was $40,000. The balance of the distribution,$20,000, reduces the shareholder’s basis in the stock, and any excess over basis results in capital gain.

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3 years ago

Quintanilla Corporation's controller is preparing a business plan for 20X7. The anticipated level of business activity consists

zepelin [54]

Answer:

The answer is attached below

Explanation:

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3 years ago

Charlie the cat stole $20 from his cat mom. He's planning on spending the money he stole on catnip (Q1) and dental treats (Q2).

RideAnS [48]

Answer:

$ 20= Q1 (0.5 ) + Q3( 3)

Explanation:

Total Amount = $ 20

Dental treats Q2= $ 3

Catnip Q1= $ 0.50

Maximum no of Dental Treats he can get is = $ 20 /$3= 6.66

If he gets maximum dental treats i.e 6 , $18 will be spent (3*6)

He will be left with = $ 20- $ 18= $ 2

The maximum no of catnip he can get after buying 6 dental treats from $ 2= $ 2/$0.5= 4

Let Q1 denote the catnip and Q3 denote the dental treats then the equation would be like

$ 20= Q1 (0.5 ) + Q3( 3)

So putting the values for q1=0,1,2,3,4,5,6,7,8,9,10

for values 0-4 Q3 will be $ 18

for values 4-6 Q3 will be $ 15

for values 6-8 Q3 will be $ 12

From values Zero on wards the budget constraint will be a slope but after value 4 the change will be after every two points.

The slope will look like the one given in the diagram.

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3 years ago

Which of the following statements is true? Gross private domestic investment less depreciation is net private domestic investmen

Fudgin [204]

Answer:

Gross private domestic investment less depreciation is net private domestic investment.

Explanation:

Investment is addition to capital stock during a period of time. Depreciation is fall in value of fixed (capital) assets due to usage, wear & tear, obsolescence.

Gross Private Domestic Investment = Total addition to capital stock by private domestic sector, without accounting for depreciation of existing capital stock.

Net Private Domestic Investment = Addition to capital stock by private domestic sector, accounting for depreciation deduction of existing capital stock.

So, Gross Private Domestic Investment - Depreciation = Net Private Domestic Investment.

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3 years ago

Sudoku Company issues 21,000 shares of $8 par value common stock in exchange for land and a building. The land is valued at $237

Katena32 [7]

Answer and Explanation:

The journal entry to record issuance of the stock in exchange for the land and building is given below:

Land $237,000

Building $368,000

To Common stock, $8 par value $168,000

To Paid-in capital in excess of par value, common stock $437,000

(Being the issuance of the stock in exchange for the land and building is recorded)

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3 years ago