Answer:
$90,500 decrease
Explanation:
Given that
Declaration of dividend = $250,000
Increase in account receivable = $159,500
Purchase of equipment = $105,000
As we see that the purchase of equipment has no impact because on one side the fixed asset increases and on the other side the cash is decreased.
We know that
Total assets = Total liabilities + stockholders equity
So, the net effect would be
$159,500 = $250,000 + stockholder equity
So, stockholder equity would be
= $159,500 - $250,000
= -$90,500
This negative sign reflects the decrease in stockholder equity
Greatings,
I dont know, where are you living or what car you are driving for what reason.
In principal for everyday ride you do not need nitrogen, nor should you use it.
But if you are nasscar or some wild driver you should consider it.
Peace out.
Answer: $51
Explanation:
A, B, C, D, E, F, G were purchased for $2.50 per letter which means they cost;
= 7 * 2.50
= $17.50
H to L were purchased at $4.50 per letter which means they cost;
= 5 * 4.5
= $22.50
M to R were purchased at $5.50;
= 6 * 5.5
= $33
Total inventory cost = 17.50 + 22.50 + 33 = $73
Inventory sold = 2.5 + 2.5 + 2.5 + 4.5 + 4.5 + 5.5
= $22
Ending Inventory = Total inventory - inventory sold
= 73 - 22
= $51
Answer:
Semi-annual interest =$11,700
Explanation:
The semi annual interest = coupon rate × nominal value× 1/2
= 9% × 260,000× 1/2
=$11,700
The interest has to be pro rated into two to account for 6 months
Answer: C) mutually unexecuted contracts between buyers and sellers.
Explanation:
Mutually Unexecuted contracts refer to a situation where both parties being the buyer and the seller have not executed their parts of the bargain or rather fulfilled their parts of the contract.
In such a case, even though legally, there is an obligation to perform due to the signing of a contract, Accounting wise, there is no need to record a liability.
This is why Mutually Unexecuted contracts do not contribute to the need to recognize deferred revenue.
