Pyramid issued 50,000 $1 par, common shares for $230,000 when the business began, and there have been no changes in paid-in capital since then. dividends were not paid the first year, but $10,000 cash dividends were paid in both 2017 and 2018. required: 1. prepare the journal entry to record the change in accounting principle. 2. prepare the 2018–2017 comparative income statements beginning with income before income taxes. 3. prepare the 2018–2017 comparative statements of shareholders’ equity. (hint: the 2016 statements reported retained earnings of $36,000. this is $60,000 – [$60,000 × 40%].)
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Business, 22.06.2019 21:40
The following items could appear on a bank reconciliation: a. outstanding checks, $670. b. deposits in transit, $1,500. c. nsf check from customer, no. 548, for $175. d. bank collection of note receivable of $800, and interest of $80. e. interest earned on bank balance, $20. f. service charge, $10. g. the business credited cash for $200. the correct amount was $2,000. h. the bank incorrectly decreased the business's by $350 for a check written by another business. classify each item as (1) an addition to the book balance, (2) a subtraction from the book balance, (3) an addition to the bank balance, or (4) a subtraction from the bank balance.
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Business, 23.06.2019 10:30
How many years do you have to go to school for business management
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Business, 23.06.2019 12:00
Managers at flavors, a restaurant chain, train their employees such that in the absence of employees, someone trained in the same skills can step in and do the job equally well. thus, many modules in training are extensive as they provide employees with details of the skill sets required for different jobs. in practice, this lengthy training program does the company as a well-trained and flexible workforce is at their disposal at all times. the managers at flavors use a) job rotationb) vertical enhancementc) telecommutingd) job sharinge) flextime
Answers: 3
Business, 23.06.2019 14:30
Is an image at the top of the page that includes the title
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Pyramid issued 50,000 $1 par, common shares for $230,000 when the business began, and there have bee...
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