Answer: A purchase of supplies for cash is recorded in the cash payments journal.
Answer:
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A.
because it could be like a baby toy and the first question you ask would be when can i buy it
Answer:
C. $370,000
Explanation:
Poodle Corporation was organized on January 3, 2011. The firm was authorized to issue 100,000 shares of $5 par common stock.
During 2011, Poodle had the following transactions relating to shareholders' equity:
Issued 30,000 shares of common stock at $7 per share.
Issued 20,000 shares of common stock at $8 per share.
Reported a net income of $100,000.
Paid dividends of $50,000.
Therefore total Paid-in capital at the end of 2011 is derived by :
(30,000 shares x $7) + (20,000 x $8) = $370,000
Paid - In capital refers to the funds that stockholders have invested through the purchase of stock from the issuing company, including premiums and not just par value.
Answer:
The statement is: True.
Explanation:
Ethics is the field of philosophy that studies human behavior, what is right and what is wrong, the good and bad, the moral, well being, virtue, happiness, and duty and how they affect the day by day activities of individuals according to the society they live in.
One of the reasons to study ethics is to verify if the beliefs we already hold can be justified.
