Answer:
The stockholder's equity will be increased by $500
Explanation:
While stockholders equity is the amount of assets available to shareholders after all liabilities have been settled , treasury stock is the stock that is bought back by the issuing organisation with the aim of reducing the number of outstanding stock in the open market.
Looking at the scenario given , it was an indirect way of raising fund and increasing the equity of the stockholders equity as the treasury stock was later resold at a higher price.
Therefore , the stockholder's equity increases by 3,000- 2500 = 500
The correct answer is choice b - the percentage of receivables basis.
When an accountant is calculating the bad debts expense they will take into account the balance in the Allowance for Doubtful Account when they are calculating on the percentage of sales basis.
Answer:
Correct answer is (C)
Explanation:
At the beginning of the year.
Earnings per share (EPS) is the portion of profit earned by the company that is allocated to each outstanding share of its common stock. It is determined by taking the difference between a company's net income and dividends paid for preferred stock and then divided by the average number of shares outstanding. So if stock split occurred when calculating the current year EPS, the shares are treated as issued at the beginning of the year.
Smartphones and tablets are one of the many products of technology which highlights connectivity and individuality. This leads markets to personalize these gadgets as to attract and appeal more and more consumers and buyers to gain higher share among its competitors.
