Business, 08.02.2021 21:10 throwdown31
You sell friendship bracelets. You have an agreement with your best friend, Georgina, who is a great artist in photography, that she will photograph
all her subjects wearing your friendship bracelets. You have agreed that you will get 25 percent of the proceeds from the sale of photographs, and
she will get 25 percent of the sale proceeds from your bracelets. Georgina's photography career takes off, and she starts selling her photographs
for $5,000 a piece for prints and $25,000 for originals. They are all inspired by your friendship bracelets and are basically commercial ads for those
fantastic bracelets. She is sixteen and made $65,000 last year in sales alone. Now she wants to pay you only 10 percent. This is considered a
partnership
O False
O True
Answers: 1
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Randall's, inc. has 20,000 shares of stock outstanding with a par value of $1.00 per share. the market value is $12 per share. the balance sheet shows $42,000 in the capital in excess of par account, $20,000 in the common stock account, and $50,500 in the retained earnings account. the firm just announced a 5 percent (small) stock dividend. what will the balance in the retained earnings account be after the dividend?
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You sell friendship bracelets. You have an agreement with your best friend, Georgina, who is a great...
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