True to help you organize
Answer:
b. Debit Work in Process Inventory $160,000; credit Factory Payroll Payable $160,000.
Explanation:
In order to record the cost of goods manufactured, once the goods are finished, you add up all the work in process debits. The following journal entry would be:
Dr Finished goods inventory
Cr Work in process inventory (all added up)
In this case, since you are recording labor usage, you must also credit wages or payroll payable (that correspond to the amount of labor used to manufacture the goods).
Each is eligible to make a catch-up contribution
Answer:
A. $48 comma 000 $48,000
Explanation:
The total dividend to be declared in 2016 = Preference dividend outstanding + common stock holder dividend.
Burkert company has not declared any preference dividend in 2014 and 2015. The preference dividends are cumulative and the company has to pay prior years dividends also. The annual preference dividend amounts $16,000 (4,000 shares * $100 par value * 4% preferred stock)
The cumulative preference dividend for 3 years 2014, 2015 and 2016 will be $16,000 * 3 years = $48,000
The common stock dividend that a company must declare in order for every shareholder to receive atleast $1 is $50,000.
Answer:
Option "D" is the correct answer to the following statement.
Individual
Expectation:
Rule 144A permits the resale of licensed shares by the public and tests them if Restricted shares are securities purchased from private, unregistered transactions from companies or organizations. Additional securities that the issuer purchases do not affect the Authority allows market place trading.
So, SEC rule 144A does not permit the resale of non registered securities of the individual.
