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Sveta_85 [38]
2 years ago
11

Waddell Company had the following balances in its accounting records as of December 31, 2015:

Business
1 answer:
Lilit [14]2 years ago
8 0

a. The amount of land on the balance sheet will be $36,000 which is historical cost of the land. Land is not subject to depreciation so it is recorded at historical cost and not carrying value.

b. The amount of rent expense reported on Income statement will be $5,500 [ $ 6,000 * 11 /12 months ]

c. The total amount of liabilities reported on the balance sheet will be $43,800. This includes the contingent liabilities and warranties.

Learn more at brainly.com/question/24540829

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Plack Co. purchased 10,000 shares (2o/o ownership) of Ty Corp. on February 14, Year 1. Plack received astock dividend of 2,000 s
timofeeve [1]

Answer:

d. $94,000

Explanation:

April 30th:

2,000 shares x $35 per share = 70,000 sotck dividends

December 15th:

12,000 shares x $ 2 per share =   24,000 cash dividends

                                   total            94,000

The dividend income will be for 94,000 the sum of both proceeds fom Ty Corp

Plack will declare income for both, the stock received and the cash dividends.

5 0
2 years ago
Suppose a firm that makes appliances merges with a company that produces running shoes, and it later also buys a dairy. what is
PolarNik [594]

This combination is called CONGLOMERATE MERGER. A conglomerate merger is the unification between firms or companies that are involved in business activities that are no way related to each other. The two types of conglomerate merger are PURE AND MIXED. Pure conglomerate involves companies with nothing in similarity. Whereas for mixed conglomerate, it involves companies that are looking for product or market extensions. 

 

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6 0
3 years ago
Researchers have ridden alongside motorcycle enthusiasts to understand the relationship between riders and their beloved Harley-
MArishka [77]

Answer:

c. ethnographic

Explanation:

  • The researcher who has ridden alone side the motorcycles enthusiast to understand the relationships between the riders have studied them interms of the ethnographically as to understand the beloved relationships they share with the Harvey Davidson and understand their brand loyalty.
  • The researchers thus tried to find and created a relationship between the bike riders groups that consider them as the premium class and share their experiences of vehicle.
6 0
3 years ago
Gugenheim, Inc., has a bond outstanding with a coupon rate of 7.7 percent and annual payments. The yield to maturity is 8.9 perc
Anna [14]

Answer:

Bond price= $1,793.62

Explanation:

Giving the following information:

Face value= $2,000

Number of periods= 17

Cupon rate= 0.077

YTM= 0.089

T<u>o calculate the price of the bond, we need to use the following formula:</u>

Bond Price​= cupon*{[1 - (1+i)^-n] / i} + [face value/(1+i)^n]

Bond Price​= 154*{[1 - (1.089^-17)] / 0.089} + [2,000/1.089^17)

Bond Price​= 1,324.21 + 469.41

Bond price= $1,793.62

3 0
3 years ago
A firm has total assets of $2,060,000. it has $847,000 in long-term debt. the stockholders equity is $647,000. what is the debt
Julli [10]
I believe the answer is 67% hope this helps 
5 0
3 years ago
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