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Tems11 [23]
2 years ago
14

Q 11.40: Woolley Cloth Distributors issued 25,000 shares of $10 stated value no par stock in exchange for land with an advertise

d price of $318,000. The stock is currently trading for $12 per share. Journalize the entry to recognize the exchange.
Business
1 answer:
spin [16.1K]2 years ago
5 0

Answer:

The entry to recognize the exchange :

<em>Land $318,000 (debit)</em>

<em>Common Stock $300,000 (credit)</em>

<em>Accounts Payable $300,000 (credit)</em>

Explanation:

The Price of stock is equivalent to the issue price at the date of the transaction of $12.

Note that the Common Stocks do not have par value, this means there is no share premium reserve on the stocks that needs to be recognized.

Since the Price of land is above the price of common stocks, the remainder is the amount owing, a liability.

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Which of the following is not a good example of how accountants might use data analytics to help evaluate estimates used to valu
Tcecarenko [31]

Answer:

The answer is option (D) Assess property, plant & equipment values based on current comparable prices.

Explanation:

From the given question, Evaluating the likelihood and level of expected warranty claims or Estimating the collectibility of accounts receivable balances is is not a good example for analytics and financial statements.

Therefore, the best example from the given options is assess property, plant, and equipment values based on current comparable prices for analytics and financial statements.

7 0
2 years ago
Which of the following is one of the four factors included in Porter's diamond? 1) _______ A) economies of scale B) gross nation
svlad2 [7]

Answer:

The answer for one of the factors included in Porter's diamond is C) firm strategy, structure, and rivalry

Explanation:

Porter's Diamond Model also known as the Theory of National Competitive Advantage of Industries is a diamond-shaped framework that focuses on explaining why certain industries within a particular nation are competitive internationally, whereas others might not.

Firm strategy, structure, and rivalry refer to the basic fact that competition leads to businesses finding ways to increase production and to the development of technological innovations. The concentration of market power, degree of competition, and ability of rival firms to enter a nation's market are influential here.

4 0
2 years ago
Nori is writing an essay to analyze an advertisement for a piece of athletic equipment. What elements should he include in order
makvit [3.9K]

Answer:

B. The advertising techniques used to persuade the viewer

C. Information about competing products and advertisers

D. What tools the advertiser uses to sell the product the purpose of the advertiser’s message

Explanation:

The essay Nori is writing to analyze advertisement for athletic equipment will be more effective if he includes, the three things above.

The advertising techniques used to persuade the viewer :

It's essential to note the advertising techniques that was used to first grab the viewer's attention in the first place, then sell the idea of the product and persuade the viewer to purchase the product. This piece of information is useful to show the success or failure of different advert techniques.

Information about competing products and advertisers:

Including this information is important because one can view the product and advert technique of competitors and make judgements on how they can improve their product in relation to their competitors and how effective the competitor's advert is when compared to yours.

What tools the advertiser uses to sell the product the purpose of the advertiser’s message:

It is necessary to include this point in the essay because it can be analyzed and if its successful, can be further applied or modified if its considered a failure.

Most companies and businesses rely heavily on advertising to increase customer base and sales so if a successful method is found, then it can repeated or modified.

8 0
2 years ago
Read 2 more answers
if Jane attends graduate school, it will take her two years, during which time she will earn no income. She will pay a total of
Soloha48 [4]

Answer:

she could earn a total of $71,000 instead of attending graduate school.

Explanation:

economic costs = accounting costs + opportunity costs

Jane's accounting costs = $100,000 in tuition + $20,000 room and board + $2,000 books

Jane's opportunity costs = unearned wages - $18,000 room and board (already included in accounting costs)

if Jane's economic cost = $175,000, then her unearned wages would equal:

$175,000 = $122,000 + unearned wages - $18,000

$175,000 = $104,000 + unearned wages

$71,000 = unearned wages

5 0
2 years ago
Baker Winery manufactures a fine wine in two departments, Fermenting and Bottling. In the Fermenting Department, grapes are aged
mezya [45]

Answer:

Answer for the question is given in the attachment.

Explanation:

3 0
2 years ago
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