Answer:
The correct answer is D
Explanation:
When the company contains data of their customer, they have a responsibility of maintaining the accuracy as well as the privacy of the data which is provided to them.
So, the co- workers suggested to sell the data contained in the customer database in order to earn additional revenue, but the company is opposed to the idea as it is violating the ACM code of ethics, which is respect the privacy of others.
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
Answer:
c. Rodriguez is the borrower and debits Accounts Payable
Explanation:
Rodriguez Co will :
- De-recognise the Trade Payable - Wilson Company
- Recognise a Financial Liability to Wilson Company
Wilson Company will :
- Recognise an Investment or FA in Rodriguez Co
- De-recognise the Trade Receivable - Wilson Company
Answer:
False
Explanation:
Facility-level costs are being the type of activity based cost activities and it simply sustains a facility’s general manufacturing process. We can say some samples about this type of costs:
1) The costs about depreciation or rent of a factory building
2) The costs about salary of a plant manager
3) The costs about insurance, taxes, etc.
4) The costs about training
As you see all about this cost mentioned only in manufacturing processes not in decision making.
