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Paul [167]
2 years ago
13

Cranston wants a Settlement Option for his beneficiary that will guarantee the beneficiary an income as long as the beneficiary

lives. Cranston should choose: A Interest B Life Income Only C Fixed Period D Fixed Amount
Business
1 answer:
9966 [12]2 years ago
6 0

Answer:

sry i don't have this questions answers

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An example of an intermediate good will be:
OlgaM077 [116]

Answer:

b. steel purchased by the aircraft manufacturers.

Explanation:

An intermediate good is a producer good or semi-finished  good that is used as an input in the production process in the manufacturing of other goods such as finished goods. An example of an intermediate good in the options given above will be steel that is purchased by the aircraft manufacturers. Steel is a partly finished good used in producing aircraft, as a final or finished good.

6 0
2 years ago
At the beginning of this month, the balance of Cody's checking account was $125.26. So far this month, he has received a paychec
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The answer is going to be d
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3 years ago
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Items listed in a job description detailing work to be performed are _____. skills, tasks, tools, data
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<span>Items listed in a job description detailing work to be performed are </span>Tasks.
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3 years ago
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The common stock of Buffalo Inc. is currently selling at $113 per share. The directors wish to reduce the share price and increa
ruslelena [56]

Answer:

Buffalo Inc.

a. Journal Entry:

No journal entry required except a memorandum to record the split.  

b. Journal Entry:

Debit Stock Dividend (Retained Earnings) $84 million

Credit Stock Dividend Distributable $84 million

To record the declaration of a 100% stock dividend.

When issued:

Debit Stock Dividend Distributable $84 million

Credit Common Stock $84 million

To record the issuance of stock dividends.

2. Both methods increase the outstanding number of shares by 100%.  However, with a stock split of 2-for-1, there is no journal entry except a memorandum record to state the split.

Secondly, with a stock split or 2-for-1, the market price is also halved.  This does not happen with a stock dividend.  The market forces will determine and correct the market price to an acceptable level.  A stock dividend requires some accounting entries to be made.

Explanation:

a) Data and Calculations:

Current market price of common stock per share = $113

Par value per share = $10

Book value per share = $68

Shares issued and outstanding = 8.40 million

a. The board votes a 2-for-l stock split:

Shares outstanding = 16.80 million shares

Market price = $56.50

Journal Entry:

No journal entry required except a memorandum to record the split.  The value of common stock remains the same.

b. The board votes a 100% stock dividend:

Shares outstanding will increase to 16.80 million shares

Market price = $113 and level off based on demand and supply.

Journal Entry:

Stock Dividend (Retained Earnings) $84 million

Common Stock $84 million

5 0
3 years ago
In the United States alone, $16 billion of products and services are traded every year without any money changing hands in a pra
Harlamova29_29 [7]

In the United States alone, $16 billion of products and services are traded every year without any money changing hands in a practice referred to as Barter transactions account .

  • A barter exchange account is handled as an asset account and the revenue from bartering is treated as income in a typical journal entry.
  • In the aforementioned scenario, barter income would be credited with $100 and the barter exchange account would be debited with $100.
  • A barter exchange is a group of people or businesses that have decided to swap goods or services without taking payment in cash.
  • Disadvantages are that bartering frequently requires much time and hassle and that goods are often not readily divisible, meaning that swapped goods have to be basically equal in value if a trade is to occur.

What are barter accounts?

  • A barter exchange operates as a broker and bank in which each participating member has an account that is debited when purchases are made, and credited when sales are made.
  • Compared to one-to-one bartering, concerns over unequal exchanges are reduced in a barter exchange.

Learn more about barter accounts brainly.com/question/23967562

#SPJ4

4 0
1 year ago
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