subject
Business, 16.11.2019 05:31 elyzarobertson

Acompany that uses the accrual method of accounting started the fiscal year with assets of $600,000 and liabilities of $400,000. during the fiscal year, the company recorded credit sales of $250,000, of which $8,000 remained to be collected at year-end, and incurred expenses of $90,000, of which $72,000 was paid in cash. a stock dividend valued at $10,000 was declared and issued to stockholders during the year. what is the year-end balance of total equity?

a. $330,000

b. $360,000

c. $370,000

d. $380,000

ansver
Answers: 3

Another question on Business

question
Business, 22.06.2019 04:30
Jennifer purchased a house in a brand new development in the outskirts of town. when her house was built, the nearest fire department was nearly 20 miles away. as her neighborhood developed, the density of the community called for a new fire department 1.5 miles away. what effect will the new fire station have on her homeowners insurance premium? a. a new fire department will be more demanding on local taxes. her annual premium will go up. b. the location of a fire department has no bearing on the value of her house. her annual premium will stay the same. c. the new fire department will reduce the risk of financial loss in her home. her annual premium should decrease. d. with a fire department so close (less than 5 miles), financial risk on jennifer’s home practically disappears. she will not need to pay insurance anymore.
Answers: 1
question
Business, 22.06.2019 07:00
Ireally need with these questions.6. what level of job security do athletes and sports competitors have? why do you think this is? 22. do you think a musician has more job security than an athlete? explain.37. what is the difference between a public relations specialist and a marketing professional? 47. do you think gender inequalities still exist in the sports industry? explain.50. what are the advantages and disadvantages of labor unions? do you think labor unions are fair to employers? how might they be taken advantage of?
Answers: 1
question
Business, 22.06.2019 10:30
Jack manufacturing company had beginning work in process inventory of $8,000. during the period, jack transferred $34,000 of raw materials to work in process. labor costs amounted to $41,000 and overhead amounted to $36,000. if the ending balance in work in process inventory was $12,000, what was the amount transferred to finished goods inventory?
Answers: 2
question
Business, 22.06.2019 16:00
In macroeconomics, to study the aggregate means to study blank
Answers: 1
You know the right answer?
Acompany that uses the accrual method of accounting started the fiscal year with assets of $600,000...
Questions
question
Mathematics, 31.12.2020 01:10
question
Mathematics, 31.12.2020 01:10
question
Social Studies, 31.12.2020 01:20
question
Mathematics, 31.12.2020 01:20
question
Mathematics, 31.12.2020 01:20
Questions on the website: 13722361