Answer:
Date Account Titles and Explanation Debit Credit
Land $84,000
Common stock $12,000
Paid in capital in excess of par value $72,000
Workings:
Amount of Common stock = Number of shares * Paid in capital per share
= 6,000 shares * $2
= $12,000
Amount of excess of paid in capital = Market value of land - Amount of common stock
= $84,000 - $12,000
= $72,000
Answer:
audit trails
Explanation:
Reports that trace the entry of and changes to critical data values are called <u>audit trails</u> and are essential in every system.
Answer:
The correct answer is letter "D": buying and selling of securities (primarily Treasury bonds).
Explanation:
The Federal Open Market Committee or FOMC is a department of the Federal Reserve Board in charge of establishing monetary policy. There are different meetings within a year they held to determine to continue with the current policy or to change it. A change in monetary policy represents the purchase or sale of government securities (treasury bonds) on the open market to stimuli the economy.
It would be faster for a human resource manager to use a phone to alert employees about a company picnic
Answer:
d. $30,000.
Explanation:
Jack is entitled to 100% of his own contributions = $9,000 + $4,000 = $13,000
The following is the least generous vesting schedule
Least-generous graded vesting schedule
Years of service % vested
1 0%
2 20%
3 40%
4
60%
5 80%
6 100%
Since jack worked for 57 months, he is entitled to 100% of the employer's contributions = $12,000 + $5,000 = $17,000
Total account balance = $13,000 + $17,000 = $30,000
