Answer: E. 18,000
Explanation:
Wesley Corporation has 80,000 shares of common stock authorized. This the total amount of common stock that is available for sale by the company.
Only 50,000 shares of common stock were issued and 12,000 shares of common stock as held as treasury stock.
Then the total number of outstanding shares of Wesley Corporation amounts to 80,000 - 50,000 - 12,000 = 18,000
Answer:
The next task for Nathan is likely to be:
- Preparing the store's balance sheet.
- Also to prepare other major financial statements.
Explanation:
Here, it is given that Nathan works as an accountant for a mid sized retail store. His tasks completed are a trial balance which has resulted in neither of the unexpected problems.
So, the next task for Nathan will be :
- preparing the store's balance sheet.
- Preparation of other major financial statements for the store.
The reports and all the major financial statements which are prepared by the accountants gives all the necessary informations that are used both in outside and the inside of the organisations for various decision making.
Answer:
A. Debit Salaries Expense $5,400; Credit Salaries Payable $5,400
Explanation:
In the given case per day expense of salary = $1,800
Salary is paid every Monday for preceding week of 5 days.
The year ends on 31 December that is Wednesday, which means 3 days salary Monday, Tuesday and Wednesday will be liability outstanding at year end on 31 Dec and will be paid on upcoming Monday which will fall in next year.
Therefore Salary for current year for 3 days i.e. $1,800 X 3 = $5,400 will be liability for current year.
With the rule all expenses are debited Salaries Expense will be debited with $5,400 on 31 Dec
With the rule that all liabilities have credit balance Salaries Payable will be credited as a outstanding liability with $5,400 on 31 Dec.
A. Debit Salaries Expense $5,400; Credit Salaries Payable $5,400
Answer:
The earnings per share for Bramble in 2020 is $2.99
Explanation:
This was arrived at by preparing income statement for 2020,where in the results from continued operations and discontinued were shown.
The income from continued operations attracted tax at 35% while the losses from the discontinued operations got a tax benefit at the same 35% tax rate.
Note that the earnings used in calculating earnings per share is net of preferred dividends as only earnings attributable to ordinary shareholders are considered.
Find attached spreadsheet for the full blown income statement and the calculation of earnings per share.
Answer:
0987654 im
Explanation:
just doing this for points
