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3 years ago

The financial statements for Highland Corporation included the following selected information:

Business

1 answer:

ICE Princess25 [194]3 years ago

4 0

Answer:

a. Additional paid-in capital:

= Amount received from shares issued - Common stock

= (33 per share * 93,000) - 465,000

= $2,604,000

b. Beginning retained earnings:

Ending retained earnings = Beginning retained earnings + Net income - Dividend

830,000 = Beginning retained earnings + 1,120,000 - 720,000

Beginning retained earnings = 830,000 - 1,120,000 + 720,000

= $430,000

c. Treasury stock:

= Shares issued - Shares outstanding

= 93,000 - 65,000

= 28,000 shares

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Answer:

The correct answer is letter "A": Dina.

Explanation:

The fact that local theaters near school offer a discount to students with valid identification is not a form of discrimination. As stated by Dina, there is no age restriction, for instance, and it is presumed, there is no other such religious preference, sexual orientation, race, and so forth. Economists are more likely to agree with Dina since what the local theaters are simply trying to do is to get the more clientele possible out of diverse sources. In this case, the source is the student status.

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3 years ago

A company reports the following: Income before income tax $387,520 Interest expense 69,200 Determine the times interest earned.

katen-ka-za [31]

Answer:

6.6

Explanation:

The formula and the computation of the times interest earned is shown below:

Times earned interest = (Earnings before income tax and interest expense) ÷ (Interest expense)

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3 years ago

Yoshi operates a shoe store as a sole proprietorship. However, he is in poor health and may be unable to continue running the bu

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Answer:

A. ceases to exist unless sold or taken over by Yoshi's heirs.

Explanation:

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I hope my answer helps you.

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3 years ago

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Answer:

$519,799.59

Explanation:

Discount rate = R = 14.50%

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Total of PV = NPV =  $519,799.59

Note:

Df = 1/(1+R)^Year

PV of cash flows = Cash flows x Df

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3 years ago

For business combinations involving less than 100 percent ownership, the acquirer recognizes and measures all of the following a

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Answer:

b. Liabilities assumed, at book value.

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3 years ago