D. paid-in capital. 43) Stock dividends distributable should be classified on the A. balance sheet as an asset. B. balance sheet as a liability. C. income statement as an expense. D. balance sheet as an item of stockholders’ equity.
What is the required journal entry as a result of this litigation? 10. Question: : (TCO D) Reich, Inc. issued bonds with a maturity amount of $200,000 and a maturity ten years from date of issue. If the bonds were issued at a discount this indicates
The present value of the minimum lease payments plus the present value of the unguaranteed residual value. 45. For a sales-type lease, a. the sales price includes the present value of the unguaranteed residual value. b. the present value of the guaranteed residual value is deducted to determine the cost of goods sold. c. the gross profit will be the same whether the residual value is guaranteed or unguaranteed.
Mable is in the business of factoring accounts receivable. Last year, she purchased a $20,000 account receivable for $15,000. This year, the account was settled for $18,000. How much loss can Mable deduct and in which year? a.|$2,000 for the current
Instructions: Complete the following table: Case A Case B Case C a. Cash inflow on the issuance date b. Total cash outflow through maturity c. Total borrowing cost over the life of the bond issue d. Interest expense for the year ended December 31, 20X1 e. Amortization for the year ended December 31, 20X1 f. Unamortized premium as of December 31, 20X1 g. Unamortized discount as of December 31, 20X1 h. Bond carrying value as of December 31, 20X1 3. Definitions of manufacturing concepts Interstate Manufacturing produces brass fasteners and incurred the following costs for the
Decrease Cash Increase Assets (c) Issued common stock to investors in exchange for cash Increase Cash Decrease in Stock Equity. (d) Paid an account payable in full. Decrease Cash Decrease Liability 10. What is the normal balance for each of these accounts? (a) Accounts Receivable.
2. The Wall Street Journal (WSJ) lists the current price of James River common stock at $27.00. a. Based on this information, the ValueLine 1995 expected dividend, and the annual rate of dividend change for the growth estimate, what is the company’s return on common stock using the constant growth model? What is the expected dividend yield and expected capital gains yield?
Inventory purchases are debited to a Purchases account. b. Inventory records are not kept for every item. c. Cost of goods sold is recorded with each sale. d. Cost of goods sold is determined as the amount of purchases less the change in
Bond - A type of debt or a long-term promissory note, issued by the borrower, promising to pay its holder a predetermined and fixed amount of interest each year. 9. Capital - Measure of the accumulated financial strength of an individual, firm, or nation, created by sacrificing present consumption in favor of investment to generate future returns above investment costs. 10. Debit - Duty or obligation to pay money, deliver goods, or render service under an express or implied agreement.
Which sector has been most consistently in a surplus budget position? Household 19. Profitability of financial intermediaries derives from all of the following except government regulation of interest rates | | 20. A financial claim is an “IOU” from a deficit spending unit. T