Business, 07.03.2020 04:22 Thejollyhellhound20
What do you understand by the term trashing? a. Looking through a suspect’s garbage for possible evidence. b. Destroying hard copies important documents, so as to leave no evidence. c. Gaining financial information through previous acquaintances. d. A broad search on the Internet to obtain valuable information.
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Business, 21.06.2019 15:00
Landon mars, the company bookkeeper, recorded the $10,000 purchase of land as rent expense by decreasing cash and decreasing shareholders' equity. what is the effect of this error on the accounting equation
Answers: 2
Business, 22.06.2019 05:40
Grant, inc., acquired 30% of south co.’s voting stock for $200,000 on january 2, year 1, and did not elect the fair value option. the price equaled the carrying amount and the fair value of the interest purchased in south’s net assets. grant’s 30% interest in south gave grant the ability to exercise significant influence over south’s operating and financial policies. during year 1, south earned $80,000 and paid dividends of $50,000. south reported earnings of $100,000 for the 6 months ended june 30, year 2, and $200,000 for the year ended december 31, year 2. on july 1, year 2, grant sold half of its stock in south for $150,000 cash. south paid dividends of $60,000 on october 1, year 2. before income taxes, what amount should grant include in its year 1 income statement as a result of the investment?
Answers: 1
Business, 22.06.2019 16:20
Stosch company's balance sheet reported assets of $112,000, liabilities of $29,000 and common stock of $26,000 as of december 31, year 1. if retained earnings on the balance sheet as of december 31, year 2, amount to $74,000 and stosch paid a $28,000 dividend during year 2, then the amount of net income for year 2 was which of the following? a)$23,000 b) $35,000 c) $12,000 d)$42,000
Answers: 1
Business, 22.06.2019 16:50
Arestaurant that creates a new type of sandwich is using (blank) as a method of competition.
Answers: 1
What do you understand by the term trashing? a. Looking through a suspect’s garbage for possible evi...
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