Explanation:
The journal entry for issuance of the stock for acquiring the land is shown below:
Land A/c Dr $82,600 (5,900 shares × $14 per share)
To Common stock A/c $64900 (5,900 shares × $11 per share)
To Additional paid-in capital in excess of par - Common stock A/c $17,700 (5,900 shares × $3 per share)
(Being the issuance of the stock for acquiring the land is recorded)
Answer:
d. demand curve for X to the right.
Explanation:
A normal good refers to a product or service whose demand increases as consumer income increases. Improvements in economic conditions in the country also cause the demand to increase.
A demand curve illustrates how price relates to the quantity demanded. The demand curve is downward sliding ina graph. Changes in the quantity ordered results in shifts in the position in the graph. An increase in demand makes the demand curve to shift outwards, or to shift to the right.
Answer:
the earnings per share is $1.81 .
Explanation:
<em>Earnings per Share = Earnings Attributable to Holders of Common Stock ÷ Weighted Average Number of Common Stocks Outstanding</em>
Therefore,
Earnings per Share = $724,000,000 ÷ 400,000,000
= $1.81
Answer: Option(d) is correct.
Explanation:
Other things remains constant, an increase in the interest rate will generally reduces the demand for loanable funds because loanable funds become more expensive for the borrowers. This increase in interest rate also shift the demand curve towards left for the loanable funds.
With increased interest rate, borrowers have to pay more for the loans. Conversely, if there is a fall in an interest rate then as a result demand for the loanable funds increases, as it will become cheaper for the borrowers.
Answer:
"charged to profit or loss"
Explanation:
According to the acquisition method, acquisition-related (transaction) costs are costs the acquirer incurs to effect a business combination. For example, the cost of the advisory, legal, accounting, valuation or consultancy fees, must not be included in the cost of the acquisition. These costs must be treated as an expense as incurred and written off to profit or loss.
The amount of transaction costs associated with an acquisition and written off during the period to profit or loss must be disclosed in a note to the financial statements.
So based on the above discussion the answer to the question shall be "charged to profit or loss"
