Answer:
A. A balance sheet shows the total assets, liabilities, and owner's
equity at the end of the period
Explanation:
As we know that
The income statement recognized only the income earned and expenses incurred of an organization
While on the other hand the balance sheet shows the financial position, profitability of the company. It involves assets, liabilities and stockholder equity
So according to the given options, the option A is correct
hence, the rest of the options would be incorrect
Answer:
The machine will enter as 148,480
Explanation:
We should enter the machine as the sum of all cost incurred to get the machine ready for use in behalf of the company.
Purchase cost: 136,000 x (1 - 0.02) = 133,280
shipping cost: (freigh-in) 3,600
installation cost: <u> 11,600 </u>
Total cost: 148,480
The damages will be cost of the period, therefore expenses.
It weren't necessary for the installation of the machine.
Jean told her stockbroker to purchase 300 shares of stock of company abc at $20 per share. The fee that the stockbroker charges for this service is called Commission. Hence, option D is correct.
<h3>Who is stockbroker?</h3>
Stockbroker is the person who execute the shares and invest in them on the behalf of their clients. Stockbroker has certain knowledge about the trading of shares, so using their ability of understanding the stock market.
Many of the stockbroker works for the firm or company and handle their customer's accounts and do tradings.
Thus, option D is correct.
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a. Dividend
b. Yield
c. Net Proceeds
d. Commission
The value of the holdings of Megahurtz International Car Rentals at year end is CA$176,923.08
The value of the holdings if the real went up against the dollar is $266, 667. 67.
<h3>How to find the value of the holdings?</h3>
The exchange rate before the real declined was:
= 270,000 / 200, 000
= 1.35 real per dollar
The new exchange rate after the Real declined was:
= 1.35 x 1.3
= 1.755 Real per dollar
The value of the holdings at year end in Real will therefore be:
= 270, 000 x 1.15
= 310, 500 Real
In Canadian dollar this is:
= 310, 500 / 1.755
= CA$176,923.08
The new exchange rate as a result of the Real increasing in value is:
= 1.35 x (1 - 16% increase in value)
= 1.134 Real per dollar
The value of the holdings at year end would therefore be:
= 270,000 x (1 + 12% earning)
= 302, 400 Reals
In Canadian Dollar this is:
= 302, 400 / 1.134
= CA$266, 666. 67
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