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3 years ago

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a truck costs $35,000 with a residual value of $2000. its service life is five years using the declining balance method at twice

the straight line rate the book value at the end of year 2 is

1 answer:

Sveta_85 [38]3 years ago

4 0

What grade is this???

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Changes in stockholders' equity Listed are the equity sections of balance sheets for years 2014 and 2015 as reported by Mountain

svet-max [94.6K]

a. Mountain Air's net income for fiscal 2015 is $910,000.

b. The number of new shares issued is 1,120,000.

c. The price per share of the new stock sold during 2015 is $4.20.

d. The original price of the shares was $2.08.

a. The net income is

= $1,500,000 - $800,000 + $210,000

= $910,000

b. The number of New Share issued is

= 1,600,000 - 480,000

= 1,120,000

c. The price of the new stock per share sold is

Par Value 1,120,000

Add: Paid In excess Of par (4,100,000 - 520,000) 3,580,000

Net Proceeds from issuance of shares 4,700,000

Number of New Share Issued 1,120,000

Now

The Average price per share of the new stock sold is

= 4,700,000 ÷ 1,120,000

= $4.20

d. The original price of the share is

The original issuance price is

= (Paid-in-capital account + common stock account) ÷ original shares

= (520,000 + 480,000) ÷ 480,000

= $2.08

Therefore we can conclude that

a. Mountain Air's net income for fiscal 2015 is $910,000.

b. The number of new shares issued is 1,120,000.

c. The price per share of the new stock sold during 2015 is $4.20.

d. The original price of the shares was $2.08.

Learn more: brainly.com/question/13931207

5 0

2 years ago

Zeke, an employer, received a grievance from Gavin, an employee who was dismissed recently. Zeke rejected Gavin’s grievance as h

miss Akunina [59]

Answer:

The statement that would prove that Zeke made a faulty decision is that Both an employee and a a former employee can raised a grievance

Explanation:

Based on the information given about Zeke who is the employer , Gavin the employee and the formal employee who was dismissed The statement that would prove that Zeke the employer made a faulty decision is that Both an employee and the former or ex employee can raised a grievance reason been that settling dispute due to Grievance at a place of work can only take place with a current employee and not a formal employee , ex employee or a dismissed employee.

Therefore resolving Grievance at a place of work often take place with an employee with in the work environment and not with a formal employee.

7 0

3 years ago

A best-seller novel sells for $28 in hardback edition and $12 in a paperback edition. a book store's sales of both editions tota

Mekhanik [1.2K]

The number of each type of book is what is unknown, so we can represent those quantities with variables. Let x = the number of hardbacks and y = the number of paperbacks. Then we know that: x + y = 65 (the total number of books sold) We also know the total cost of both editions, which is $1356. It can be written algebraically as: 28x + 12y = 1356 We now have a system of two equations, which can be solved by substitution. It would be easier to solve the first equation for either x or y and substitute that into the second equation.

6 0

3 years ago

ABC Company sells 300 machines for $5000 each in the current year. Each machine carries a one-year warranty. Experience from the

const2013 [10]

Answer:

the journal entry to record warranty expense is:

Dr Warranty expense 30,000

Cr Warranty liability 30,000

the journal entry to record actual expenses related to product warranties:

Dr Warranty liability 10,000

Cr Cash (or inventory, or wages payable) 10,000

Depending on what type of costs are incurred by the company, the account credited will vary, e.g. if units are replaced, then inventory must be credited, or if units are repaired and only labor is used, then wages payable or cash should be credited. Since the question doesn't give us a lot of details, I credited cash.

7 0

2 years ago

How much money does the founder of Google make a year?

ElenaW [278]

There are actually two makers, and they both agreed to a one dollar salary a year.

8 0

3 years ago