Answer:
The following are the answers to the question, using the FASB Acounting Standards Codification at the FASB website:
1. Topic 260, FASB Accounting Standards Codification is the topic number (Topic XXX) that provides the accounting for earnings per share.
2. FASB ASC 260-10-50-1
3. FASB ASC 260-10-50-2
Answer:
Profit Motive
Explanation:
Profit is the monetary gain or commercial reward for engaging in business. Profits increase the wealth of the entrepreneur.
The primary reason why Businesses are established is to generate profits for the owners. Entrepreneurs commit their resources, time, and efforts to avail goods and services to society expecting to make profits. The desire to increase wealth through profits is what drives people to start a business.
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Answer:
Explanation:
Monthly interest = 6 / 12 = .005
principal amount a₀ = 30000
an denote the amount owed at the end of the month
amount owed at the end of one month
a₁= 1.005 x a₀ - 600
amount owed at the end of 2 nd month
a₂= 1.005 x a₁ - 600
amount owed at the end of nth month
an = 1.005x an-1 - 600 for n ≥ 1
Answer:
Assets = Liabilities + Stockholders' Equity
<u>1.</u> 1,600 0 1600
<u>2.</u> -400 0 -400
<u>3.</u> 0 0 0
<u>4.</u> -100 0 -100
<u>5.</u> -400 0 -400
<u>6.</u> 1000 0 0
-1000
<u>7.</u> 7000 7000 0
<u>8.</u> 0 200 -200
<u>9.</u> 10000 0 10000
<u>10.</u> <u> -500 </u> <u> 0 </u> <u> -500 </u>
Totals 17200 7200 10000
