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Daniel [21]
3 years ago
10

On January 1, Year 1, Parker Company purchased an asset costing $20,000. The asset had an expected five-year life and a $2,000 s

alvage value. The company uses the straight-line method. What are the amounts of depreciation expense and accumulated depreciation, respectively, that will be reported in the Year 2 financial statements
Business
1 answer:
SOVA2 [1]3 years ago
3 0

Answer:

3600

7200

Explanation:

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Company X had net income of $200,000 in the year 2016. At the beginning of 2016, there were 500,000 shares of outstanding common
EleoNora [17]

Answer:

Basic earning per share $0.21 per share

Explanation:

Basic Earning per share = ( Net Income - Preferred stock dividend ) / Weighted Average outstanding shares

Basic Earning per share = ( $200,000 - $50,000 ) / 700,000

Basic Earning per share = $150,000 / 700,000

Basic Earning per share = $0.2143 / share

Weighted average Outstanding shares = 500,000 + 200,000

Weighted average Outstanding shares = 700,000 shares

5 0
3 years ago
What is the term for a person who has been appointed by another person to act on her behalf and in her best interest?.
lapo4ka [179]

An individual who has been appointed by another person to act on their behalf and in their best interest is known as an agent.

In legal terminology, an agent is a person who has been empowered legally to act on the behalf of another person. An agent may be employed to represent a client in dealings and negotiations with third parties. Depending on the situation, the agent may be granted decision-making authority.

The agent is given the authority to take necessary action on someone else's behalf.  People usually hire agents to conduct matters that they lack expertise or time to do for themselves.

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4 0
1 year ago
Question 3 of 20
Nat2105 [25]
I think that the answer would be D
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4 years ago
Which is not a task of the bankruptcy trustee?
klio [65]

Answer:

The option which is not a task of the bankruptcy trustee is;

Represent the debtor when meeting with creditors

Explanation:

In a case of bankruptcy a bankruptcy trustee is assigned by the court and to whom the case information is handed to perform the following tasks

1) Converts the collected company assets to money

2) Assess the creditors (owed by the debtor) proof of claims

3) Allocate monetary refunds to the creditors

4)  Upholds or refuse claimants to specific debts

5) Completes tax and other financial reports that are submitted to government agencies

3 0
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Which career professional sets up, runs, and maintains equipment such as lights? Camera Operator
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I would say camera operator
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