Answer:
1. Attached is the Stockholder's equity section of the company's balance at the end of the current year.
Preferred stock = 2,500 (half of 5,000) were issued at par value of $100 each = 2,500 * 100 = $250,000
Additional Paid in capital for Preferred stock = (103 - 100) * 2,500 = $7,500
Common stock = 59,000 issued at stated value of $2 = 59,000 *2 = $118,000
Additional Paid in capital for Common stock = (22 - 2) * 59,000 = $1,180,000
2. The Stockholder's equity section is prepared with the book values of the relevant entries. As such, it WILL NOT be affected by changes in market value.
Answer:
Under the accrual basis, it should recognize $1,000,000 as property tax revenue for the year 2019. The remaining $45,000 that it does not collect in year 2019 will be accounted for as Property Tax Receivable while the $5,000 will be recorded as Uncollectible Expense in 2019.
Explanation:
The accrual concept or basis of accounting requires that all revenues and expenses relating to a fiscal year be recognized in that accounting year. It is not only the actual cash receipts and payments that should be recognized. This means that any revenue that is due but not yet received will be accounted for in the year that the revenue arises. And all the related expenses for raising the revenue will also be accounted for in the same year.
I think the most appropriate answer would be B.
I hope it helped you!
Answer:
Answer for the following statement is "C"
Explanation:
- Sale of Gar's receivable accounts to Ross, with the possibility of noncollectable accounts being passed to Ross.
- Non-recourse factoring helps a corporation to offer its invoices to a component without any duty to accept unpaid invoices.
- If consumers refuse to pay their bills or pay their invoices late, all damages are borne by the element, making the company unregulated.
<span>Answer:
People who see Karen’s site in relevant organic search results often click through to her site
Explanation: The new paid & organic report provides a holistic view of your text ad stats and organic listings at the query level, letting you analyze strengths and gaps in your overall search presence.</span>
