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BartSMP [9]
2 years ago
10

The cash effects of transactions that create revenues and expenses are

Business
1 answer:
iren [92.7K]2 years ago
6 0

Answer:

The cash effects of transactions that create revenues and expenses are operating activities.

Explanation:

Operating activities are useful to stable the business and they are mostly based on cash transactions. Business need cash for their daily operational activities.

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Eastport Inc. was organized on June 5, 2018. It was authorized to issue 300,000 shares of $10 par common stock and 50,000 shares
exis [7]

Answer:

A) Cash (debit) 180,000; Common stock (credit) 150,000; Additional paid-up capital-common stock (credit) 30,000 - Debit - Credit = 0

B) Cash (debit) 255,000; Preferred stock (credit) 250,000; Additional paid-up capital-preferred stock (credit) 5,000 - Debit - Credit = 0

C) Cash (debit) 900,000; Common stock (credit) 600,000; Additional paid-up capital-common stock (credit) 300,000 - Debit - Credit = 0

Explanation:

In Eastport Inc.´s case all 3 situations are similar, shares (Stockholders´Equity) increased, so credits in 4 accounts, according to the type of shares that are issued, must be registered: Common stock, Preferred stock, Additional paid-up capital-common stock, Additional paid-up capital- preferred stock. We will recognize the par value and stated value of the shares and the difference between this and the price paid by shareholders will be recognized as additional paid-up capital. Also, cash (Asset) is received as payment for the shares so a debit must be registered in the account Cash.

8 0
3 years ago
Read 2 more answers
Bill Dukes has $100,000 invested in a 2-stock portfolio. $35,000 is invested in Stock X and the remainder is invested in Stock Y
Jet001 [13]

Answer:

The portfolio's beta is <u>0.98</u>

Explanation:

Stock beta id the weghted average beta of a portfolio, Use following formula to calculate the portfolio beta

Portfolio beta = ( Beta of stock X x Weight of Stock X ) + ( Beta of stock Y x Weight of Stock Y )  

As per given data

Stock ______ Amount Invested ______ Beta

X _________ $35,000 _____________ 1.50

Y _________ $65,000 _____________ 0.70   ( $100,000 - $35,000 )

Placing values in the fromula

Portfolio beta = ( 1.50 x $35,000/$100,000 ) + ( 0.70 x $65,000/$100,000 )

Portfolio beta = 0.525 + 0.455

Portfolio beta = 0.98

5 0
3 years ago
Binayak began business by placing rs600000 into a business
gtnhenbr [62]

Answer:

yes he did

Explanation:

4 0
2 years ago
Is a product that is commonly used with other products
Galina-37 [17]
Complementary Good is perhaps the answer that you are looking for. For example, eggs and bacon are complementary goods and if the price of one went down then the quantity demanded of both would most likely go up since people tend to eat both together. 
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3 years ago
What range of interest rate on a
Arturiano [62]
The correct answer is B
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2 years ago
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