Answer:
I thinks it's gross national income
Explanation:
I am guessing
Answer:
a. $6.00
Explanation:
Earnings per share on common stock or preferred stock is both after providing for interest and tax expense, therefore earnings per share of $10 would increase owner's equity by $10 100,000 shares = $1,000,000
Provided net increase recorded in equity = $400,000
Thus dividend paid = $1,000,000 - $400,000 = $600,000
Dividend per share = $600,000/100,000 = $6 per share.
Interest paid by corporation B is not to be considered as this is paid before calculating Earnings per share.
Correct option is
a. $6.00
STEM is Science, Tech, Engineering, and Math
Answer:
Scurry Company
The cost of goods sold is:
= a. $600,000
Explanation:
a) Data and Calculations:
Beginning inventory of finished goods $100,000
Cost of goods manufactured 700,000
Ending inventory of finished goods (200,000)
Cost of goods sold = $600,000
Beginning work-in-process inventory 300,000
Ending work-in-process inventory 50,000
b) The cost of goods sold includes the beginning inventory of finished goods and the cost of goods manufactured within the period, less the ending inventory of finished goods. It does not include inventories of work-in-process.
Answer:
Explanation:
The statement of stockholder's equity comprises common stock and retained earnings. The ending balance after adjustment shown in the attached spreadsheet.
The ending balance of retained earning = Beginning balance of retained earnings + net income - dividend paid
And, the ending balance of the common stock = Beginning balance of common stock + issued shares
Before preparation, first, we have to compute the net income which is shown below:
Net income = Sales revenue - cost of goods sold - operating expenses
= $766,600 - $524,400 - $86,300
= $155,900
The preparation of the statement of stockholders’ equity is presented in the spreadsheet. Kindly find the attachment below: