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2 years ago

All of the following would be considered examples of employer postretirement benefits EXCEPT

1 answer:

4 0

A. Social Security

All of the following would be considered examples of employer post retirement benefits except Social Security

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What is accounting theory

Gemiola [76]

Answer:

a set of assumption framework and methodologies used in the study of application of financial reporting principles

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3 years ago

What is the principal ?

9966 [12]

Answer

adjective

first in order of importance; main.

"the country's principal cities"

Similar:

main

chief

primary

leading

foremost

first

most important

predominant

dominant

(most) prominent

key

crucial

vital

essential

basic

staple

critical

pivotal

salient

prime

central

focal

premier

paramount

major

ruling

master

supreme

overriding

cardinal

capital

preeminent

ultimate

uppermost

highest

utmost

top

topmost

arch-

number-one

Opposite:

minor

subordinate

subsidiary

(of money) denoting an original sum invested or lent.

"the principal amount of your investment"

noun

the person with the highest authority or most important position in an organization, institution, or group.

"a design consultancy whose principal is based in San Francisco"

Similar:

boss

chief

chief executive (officer)

CEO

chairman

chairwoman

managing director

president

director

manager

employer

head

leader

ruler

controller

head honcho

gaffer

governor

guv'nor

a sum of money lent or invested, on which interest is paid.

"the winners are paid from the interest without even touching the principal"

Similar:

capital sum

capital

capital funds

working capital

6 0

3 years ago

DeLong Corporation was organized on January 1, 2017. It is authorized to issue 14,500 shares of 8%, $100 par value preferred sto

DanielleElmas [232]

Answer:

Jan. 10

Cash $507,00 (debit)

Common Stock $507,00 (credit)

Mar 1

Cash $566,500 (debit)

Preferred Sock $515,000 (credit)

Share Premium : Preferred Stock $51,500 (credit)

April 1

Land $91,000 (debit)

Common Stock $91,000 (credit)

May 1

Cash $420,000 (debit)

Common Stock $420,000 (credit)

Aug 1

Legal Expenses : Attorneys bill $39,500 (debit)

Common Stock $39,500 (credit)

Sept 1

Cash $80,500 (debit)

Common Stock $80,500 (credit)

Nov 1

Cash $222,000 (debit)

Preferred Sock $200,000 (credit)

Share Premium : Preferred Stock $22,000 (credit)

Explanation:

Common Stocks are at no par value:

This means that ,

1.When Common Stocks are Issued, the value is the issue price there is no share premium reserve on it.

2. For consideration paid in Common Stocks, value of stocks would be the same as the cost at initial recognition. For example the Purchase of Land on April 1. Initial recognition is at Asking Price of $91,000. Hence common stocks are issued at $91,000.

Preference Stocks are at $100 par

This means that,

1.Any issue of Preference Stock made in excess of par value is accounted in the Preference Share Premium Reserve.

5 0

3 years ago

Computing and analyzing acid-test and current ratios

uysha [10]

Answer:

Current ratio- 2.03 2.33 1.73 and Acid-test ratio- 0.98 0.43 0.60

Explanation:

Attach is the table of given cases

Acid test ratio= $\frac{cash+Short\ term\ investments+ Current\ receivables }{Current\ liabilities}$