The board of directors declared cash dividends totaling $160,000 during the current year. The comparative balance sheet indicates dividends payable of $43,200 at the beginning of the year and $38,900 at the end of the year.

Required:
What was the amount of cash payments to stockholders during the year?

Answers

Answer 1

Answer: $164,300

Explanation:

Cash payments to stockholders shows the total amount that the shareholders of a company got during the year. It includes the money owed to them at the start of the year in addition to cash paid during the year.

= Beginning dividends payable + Dividends for the year - Ending dividends

= 43,200 + 160,000 - 38,900

= $164,300


Related Questions

Any one know international banking ?

Answers

Answer:

Yes

Explanation:

An international banking is a financial institution that provides different types of financial accounts to client who are not citizens of the nation where the accounts reside

Kathy quit her job as a financial advisor

Answers

Kathy quit her job Because she was tired of her job as a financial advisor

Suppose a company owns a warehouse that costs $500,000 and depreciates at $10,000 per year. If the interest rate is 5%, what is the implicit rental price of the warehouse

Answers

Answer: $35,000

Explanation:

Implicit rental price = Interest payment + Depreciation

Interest payment = 5% * 500,000

= $25,000

Implicit rental price is therefore:

= 25,000 + 10,000

= $35,000

Consider a simple economy whose only industry is fishing. In this industry, productivity—the amount of goods and services a worker can produce per hour—is measured by the number of fish one fisherman catches per hour. In the following table, match each example to the productivity determinant it represents.


Examples Human Capital per Worker Natural Resources per Worker Physical Capital per Worker Technological Knowledge
The fertile waters in which the fish feed and breed
The skills workers develop through training before working on and piloting boats
A route fishing boats can follow to maximize their catch at different points in the day
The boats in the fishing fleet

Answers

Answer:

The fertile waters in which the fish feed and breed ⇒ Natural Resources per worker.

The skills workers develop through training before working on and piloting boats ⇒ Human Capital per worker.

A route fishing boats can follow to maximize their catch at different points in the day ⇒ Technological Knowledge.

The boats in the fishing fleet ⇒ Physical Capital

In a sales contract, the passage of risk of loss from a seller to a buyer gives the buyer the right to insure the goods and the right to recover from third parties who damage them.

a. True
b. False

Answers

A. True because you base it

The statement - "In a sales contract, the passage of risk of loss from a seller to a buyer gives the buyer the right to insure the goods and the right to recover from third parties who damage them". Thus, option (a) is correct.

What is sales contract?

A sales contract, customer orders, or contract for sale is a legal transaction in which a buyer purchases assets from a seller for an agreed-upon monetary value. It is an evident old practice of exchange that is currently controlled by statute law in many common law countries.

"In a sales contract, the passing of risk of loss from a seller to a buyer allows the buyer the opportunity to insure the products and the right to collect from third parties who destroy them,".

Therefore, it can be concluded that the statement mentioned above is true. Hence, option (A) is correct.

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This morning you purchased one share of stock for $14. The stock pays $.20 per share each quarter as a dividend. What must the stock price be one year from now if you want to earn a total return of 12 percent for the year

Answers

Answer:

$14.88

Explanation:

The computation of the stock price is given below:

A total return of 12% means that

= 0.12 × 14

= $1.68 in a year.

Now  

The total dividend payments for 4 quarters is

= 0.2 × 4

= $0.8.

Now the price of the stock should increase by

= 1.68 - 0.8

= 0.88

So the stock price one year from now is

= 14 + 0.88

= $14.88

Dallas Products is a division of a major corporation. The following data are for the most recent year of operations: Sales $ 37,880,000 Net operating income $ 3,508,960 Average operating assets $ 9,400,000 The company's minimum required rate of return 14 % The division's margin used to compute ROI is closest to:

Answers

Answer:

See below

Explanation:

Given the above information, margin is computed as;

Margin = Net operating income / Sales

Sales = $37,880,000

Net operating income = $3,508,960

Then,

Margin = $3,508,960 / $37,880,000

Margin = 9.26%

Therefore, the division's margin used to compute ROI is closest to 9.26% approximately

Macroeconomics, as opposed to microeconomics, includes the study of what determines the level of:___________
A) employment in a specific industry.
B) output of a specific firm.
C) output of a specific industry.
D) employment in the economy.

Answers

C is the answer. Good luck

A company designs a training program for underperforming employees. They enroll in the program the employees who received the worst 10% of performance evaluations in a given year. They find that very few of the employees who go through the program are in the bottom 10% of performance evaluations the next year. What can they conclude about their new program

Answers

Answer:

They can conclude that the program was a success

Explanation:

They can conclude that the program was a success. The main goal of the program is to increase the performance of the employees that were performing the worst in the company. By choosing the bottom 10% of the performance evaluation, they make sure that they are getting the worst of the worst in the company. Therefore, if after the program, the subjects are no longer in the bottom 10% then this means that they have drastically increased their performance and have even passed those that were in a much higher performance ranking than them in the previous year. This means that the program exceeded its goal and can be marked as successful.

Current market trends and consumer preferences across the globe

Answers

Answer:

Consumers Will Abandon Brands That Don’t Support Their Values In Favor Of Those That Do. How To Meet Reimagined Consumers Where They Are, Building New Loyalty & Revenue Streams. Strategy. Consumer Values. 25K Consumers Surveyed. 14 Industries.

I HOPE THIS HELPS PLS BRAINLIST?


Briefly state the reasons why a company would not wish to distribute all its profits to its shareholders.​

Answers

Answer:

Explanation:

The profits of a company may be used to invest in equipment, land or some other capital as a one time purchase.

the company may anticipate that they will not make a profit in the following year so they need the current year profits to absorb that loss.








Implement a table and re-organize your page contents so that it is displayed within the table (you can organize the table's content as you like).

2) Add one external CSS file and apply it to your 2 pages (the style sheet should have at least Fonts, Color, sizing and background). The CSS should provide a uniform look/feel between the 2 pages.

Answers

Answer:

just here for points

Explanation:

iskksns

Prepare the Statement of Retained Earnings from the Adjusted Trial Balance and Income Statement. Within each section of the statement,
SMART TOUCH LEARNING
Adjusted Trial Balance
December 31, 2016
Account Title
Debit Credit
Cash 19500
Accounts recievable 10800
Office Supplies 200
Prepaid Rent 13,000
Furniture 22,800
Accumulated Depreciation--Furniture 7800
Accounts Payable 2600
Salaries Payable 600
Interest Payable 300
Unearned Revenue 6,500
Notes Payable 9,100
Common Stock 12,700
Retained Earnings 13,000
Dividends 33,100
Service Revenue 59,100
Depreciation Expense-Furniture 2600
Interest Expense 300
Rent Expense 3900
Salaries Expense 4500
Supplies Expense 1000
Total 111,700 111,700
SMART TOUCH LEARNING
Income Statement
Month Ended December 31, 2016 Balance
Revenue
Service revenue 59100
ExpensesDepreciation Expense-Furniture 2600
Interest Expense 300
Rent Expense 3900
Salaries Expense 4500
Supplies Expense 1000
Total expense 12300
Net income 46800

Answers

Answer:

Retained earnings, December 31, 2016 = 26,700

Explanation:

The Statement of Retained Earnings can be prepared as follows:

                     SMART TOUCH LEARNING

                Statement of Retained Earnings

         For the month ended December 31, 2016

Details                                                                     Amount  

Retained earnings, December 01, 2016                 13,000

Net income for the month                                      46,800

Dividends                                                               (33,100)  

Retained earnings, December 31, 2016              26,700  

Note: No currency sign is used in the answer in order to avoid confusion because no currency is used in the question itself.

If a breakthrough in battery technology enables cell phone manufacturers to construct phones with the same battery life for less money, then in the cell phone market, equilibrium price______and equilibrium quantity______.

Answers

Answer:

decreases; increases.

Explanation:

Technology can be defined as a branch of knowledge which typically involves the process of applying, creating and managing practical or scientific knowledge to solve problems and improve human life. Technologies are applied to many fields in the world such as medicine, information technology, cybersecurity, engineering, environmental, etc.

Generally, technology has impacted the world significantly and positively as it has helped to automate processes, increased efficiency and level of output with little or no human effort.

Assuming a breakthrough in battery technology fosters the growth and development of cell phone manufacturers.

In the cell phone market, equilibrium price would decrease while there would be a significant increase in equilibrium quantity because they will be able to construct phones with the same battery life for a less amount of money.

Additionally, the equilibrium price is generally said to be stable because at this price, the quantity of goods or services demanded is equal to the quantity of goods or services supplied to the consumers.

Global Tek plans on increasing its annual dividend by 15 percent a year for the next four years and then decreasing the growth rate to 2.5 percent per year. The company just paid its annual dividend in the amount of $.20 per share. What is the current value of one share of this stock if the required rate of return is 17.4 percent

Answers

Answer:

2.02

Explanation:

year 1 dividend = 0.2 x 1.15 = 0.23

year 2 dividend = 0.2 x (1.15^2)=  0.26

year 3 dividend = 0.2 x (1.15^3) =  0.30

year 4 dividend = 0.2 x (1.15^4) =  0.35

divdend value in the second stage

0.35 x 1.025 / (0.174 - 0.025) = 2.41

Determine the present value of the cash flows

Present value is the sum of discounted cash flows

Present value can be calculated using a financial calculator

year 1 dividend = 0.2 x 1.15 = 0.23

year 2 dividend = 0.2 x (1.15^2)=  0.26

year 3 dividend = 0.2 x (1.15^3) =  0.30

year 4 dividend = 0.2 x (1.15^4) =  0.35 + 2.41

i = 17.4  

To find the NPV using a financial calculator:

1. Input the cash flow values by pressing the CF button. After inputting the value, press enter and the arrow facing a downward direction.

2. after inputting all the cash flows, press the NPV button, input the value for I, press enter and the arrow facing a downward direction.  

3. Press compute  

In this market, the equilibrium hourly wage is $ , and the equilibrium quantity of labor is thousand workers. Suppose a senator introduces a bill to legislate a minimum hourly wage of $6. This type of price control is called a .

Answers

Answer:

The equilibrium hourly wage is the wage where the curve of supply of labor intersects with that of the demand for labor. The same goes for the equilibrium quantity of labor.

The equilibrium hourly wage is $10, and the equilibrium quantity of labor is 450 thousand workers.

If a Senator introduces a minimum hourly wage, this is considered a Price Floor.

Price floors are prices that that the government mandates that one cannot charge below for a good or service. If there is a price floor on cake for instance, a person is not allowed to charge less than that price floor for cake. The Senator's bill is therefore saying that people should not be paid less than $6 an hour.

Kenner Company is considering two projects. Project A Project B Initial investment $85,000 $24,000 Annual cash flows $20,676 $ 6,011 Life of the project 6 years 5 years Depreciation per year $14,167 $ 4,800 Suppose that Kenner Company requires a minimum rate of return of 8%. Which project is better in terms of net present value

Answers

Answer: Project A is better as it has a higher NPV of $76,075.70

Explanation:

Annual cashflow of Project A = Annual cashflow + Depreciation

= 20,676 + 14,167

= $34,843

Project B cashflow = 6,011 + 4,800

= $10,811

As these are constant amounts, they are to be considered annuities.

Find the present value of these annuities and deduct the initial investment from them for the NPV.

Present value of annuity = Annuity * Present value interest factor of annuity, 8%, number of years

Project A NPV = (34,843 * Present value interest factor of annuity, 8%, 6 periods)  - 85,000

= (34,843 * 4.6229) - 85,000

= $76,075.70

Project B NPV = (10,811 * Present value interest factor of annuity, 8%, 5 periods)  - 24,000

= (10,811 * 3.9927) - 24,000

= $19,165.08

Project A is better as it has a higher NPV of $76,05.70

Product A4B has been considered a drag on profits at XYZ Corporation for some time and management is considering discontinuing the product altogether. Data from the company's budget for the upcoming year appear below: Sales $730,000 Variable expenses $350,000 Fixed manufacturing expenses $234,000 Fixed selling and administrative expenses $161,000 In the company's accounting system, all fixed expenses of the company are fully allocated to products. Further investigation has revealed that $144,000 of the fixed manufacturing expenses and $93,000 of the fixed selling and administrative expenses are avoidable if product A4B is discontinued. The financial advantage (disadvantage) for the company of eliminating this product for the upcoming year would be:

Answers

Answer:

the  financial advantage (disadvantage) for the company of eliminating this product is -$143,000

Explanation:

The computation is shown below:

Loss in contribution margin -$380,000  ($350,000 - $730,000)

Avoidable fixed costs $237,000  ($144,000 + $93000)

Financial advantage (disadvantage) -$143,000

Hence, the  financial advantage (disadvantage) for the company of eliminating this product is -$143,000

Nick’s Novelties, Inc., is considering the purchase of new electronic games to place in its amusement houses. The games would cost a total of $475,000, have a fifteen-year useful life, and have a total salvage value of $47,500. The company estimates that annual revenues and expenses associated with the games would be as follows: Revenues $ 240,000 Less operating expenses: Commissions to amusement houses $ 70,000 Insurance 45,000 Depreciation 28,500 Maintenance 30,000 173,500 Net operating income $ 66,500 Required: 1a. Compute the payback period associated with the new electronic games. 1b. Assume that Nick’s Novelties, Inc., will not purchase new games unless they provide a payback period of five years or less. Would the company purchase the new games?

Answers

Answer:

     a. 5 years

     b. Yes they will because the payback period is 5 years.

Explanation:

a. Payback period

First calculate the annual cash inflow:

= Net income + Depreciation

= 66,500 + 28,500

= $95,000

The investment cost was $475,000

Payback period = Investment cost / Annual cash inflow

= 475,000 / 95,000

= 5 years

b. The company will purchase the games because they have a payback period of 5 years.

Westside Plumbing and Heating Company is offered a contract for$100,000 to provide plumbing for a new building. The labor and equip-ment costs are calculated to be $60,000 for fulfilling the contract. West-side has materials in its inventory to complete the job. The raw ma-terials initially cost the firm $50,000; however the material prices havedeclined in the interim and now cost only $37,500. Thus if thefirmchose not to accept the contract and sells the materials, they wouldincur a loss of $12,500. Material prices are not expected to go up inthe future. Should Westside accept the contract. Explain your answer.

Answers

Answer:

Westside Plumbing and Heating Company

Westside should accept the contract.

By accepting the contract at the price of $100,000, Westside incurs a total cost of $97,500 and makes a little profit of $2,500 ($100,000 - $97,500).  The contract enables Westside to utilize the materials that it has in inventory instead of allowing it to deteriorate further in value.

Explanation:

a) Data and Calculations:

Contract price = $100,000

Labor and equipment costs = $60,000

Original cost of materials = $50,000

Materials market price = $37,500

Total costs to be incurred = $97,500 ($60,000 + $37,500)

Profit to be earned = $2,500 ($100,000 - $97,500)

An organization that meets only minimum legal requirements in its commitments two groups and individuals in at social environment has taken a to social responsibility

Answers

Answer:

defensive stance

Explanation:

Corporate social responsibility (CSR) can be defined as a strategic management concept which typically involves socially contributing to the growth and development of the people, community and the world at large. Thus, it's an organization's obligation to act in a manner that benefits and adds significant value to the society, usually it has its business operations.

Some examples of CSR programs are building of roads, provision of electricity, water supply, establishing health care centers, awarding scholarships etc.

In addition to making profits and maximizing shareholders, organizations are required to lessen negative environmental impact or degradation and provide social amenities such as pipe-borne water, electricity, roads, etc.

According to Carroll, the four (4) main levels of an organization's pyramid of corporate social responsibility are;

I. Legal

II. Economic.

III. Philanthropic.

IV. Ethical.

However, an organization has taken a defensive stance to social responsibility when it decide to meet only minimum legal requirements in its commitments to individuals and groups in a social environment.

On the other hand, a proactive stance can be defined as voluntary business practices adopted by an organization or business firm beyond the standard regulatory practice, so as to actively enhance and facilitate growth and development in a society.

suppose the following two events occur in the domestic market for radiologists: a. some hospitals are outsourcing some radiology services such as reading x-rays. b. some medical schools have closed down their radiology departments as fewer students enroll in this field. what is likely to happen to the equilibrium wage and quantity of radiologists following these two events?

Answers

Answer:

The equilibrium quantity falls and the effect on the equilibrium wage of radiologists is indeterminate.

Explanation:

Here are the options to this question :

What is likely to happen to the equilibrium wage and quantity of radiologists following these twoevents?

A) The equilibrium wage and the equilibrium quantity of radiologists fall.

B) The equilibrium quantity falls and the effect on the equilibrium wage of radiologists is indeterminate.

C) The equilibrium wage falls and the effect on equilibrium quantity of radiologists isindeterminate.D

) The equilibrium wage and the equilibrium quantity of radiologists rise

As a result of event A, there would be a decrease in the demand for radiologists. As a result, there  would be a leftward shift of the demand curve for radiologist. This would lead to a reduction in equilibrium price and quantity

As a result of event B, there would be a decrease in the supply radiologists. As a result, there  would be a leftward shift of the supply curve of radiologist. This would lead to a reduction in equilibrium quantity and a rise in equilibrium price.

Taking these two effects together, the equilibrium quantity falls and the effect on the equilibrium wage of radiologists is indeterminate.

Kuley bought a new loom today from GlivCo. She will receive a cash rebate of $820 from GlivCo in 1 year, pay $1,470 to GlivCo in 2 years, receive a cash rebate of $940 from GlivCo in 4 years, and pay $3,580 to GlivCo in 7 years. If the discount rate is 7.12 percent, then what is the present value of the cash flows associated with this transaction

Answers

Answer:

$-2013.69

Explanation:

Present value is the sum of discounted cash flows

Present value can be calculated using a financial calculator

Cash flow in year 1 = 820

Cash flow in year 2 = -1470

Cash flow in year 3 = 0

Cash flow in year 4 = 940

Cash flow in year 5 = 0

Cash flow in year 6 = 0

Cash flow in year 7 =  -3580

I = 7,12 %

PV =  -2013

To find the PV using a financial calculator:

1. Input the cash flow values by pressing the CF button. After inputting the value, press enter and the arrow facing a downward direction.

2. after inputting all the cash flows, press the NPV button, input the value for I, press enter and the arrow facing a downward direction.  

3. Press compute  

Assume that the labor market for retail workers is generally unskilled. If a minimum wage is set in the labor market for retail workers and that this minimum wage is above the equilibrium wage in this particular labor market, then __________ .

Answers

Answer:

there will be a surplus of retail workers in this labor market.

Explanation:

Here we presume that the labor market is not skilled. Now in the case when the minimum wage i.e. set and this wage should be more than the equilibrium wage so that means there is the surplus in the labor market

So as per the given situation, the above statement should be considered and fit to the given scenario

Hence the same is to be considered

A risky fund has an expected return of 17% and standard deviation of 25%. The risk-free rate is 9%. The expected return of the optimal complete portfolio is 12%. The Sharpe ratio of the optimal complete portfolio is:

Answers

Answer:

the Sharpe ratio of the optimal complete portfolio is 0.32

Explanation:

The computation of the sharpe ratio is shown below:

= (Return of portfolio - risk free asset) ÷ Standard deviation

= (17% - 9%) ÷ 25%

= 8% ÷ 25%

= 0.32

Hence, the Sharpe ratio of the optimal complete portfolio is 0.32

We simply applied the above formula

Knoll Company started Year 2 with a $1,000 balance in its Cash account, a $200 balance in its Supplies account and a $1,200 balance in its common stock account. During Year 2, the company experienced the following events:_______.
(1) Paid $600 cash to purchase supplies.
(2) Physical count revealed $50 of supplies on hand at the end of Year 2. Based on this information the amount of supplies expense reported on the Year 2 income statement is:_______.

Answers

Answer:

$750

Explanation:

Calculation to determine what the amount of supplies expense reported on the Year 2 income statement is:

Using this formula

Supplies expense=Balance in Supplies account

+Cash paid to purchase supplies)-Supplies on hand

Let plug in the formula

Supplies total amount =($200 + $600) -$50

Supplies total amount=$800-$50

Supplies total amount=$750

Therefore the amount of supplies expense reported on the Year 2 income statement is:$750.

The existence of banks: makes the money supply equal to the amount of currency in circulation. results in the money supply being larger than the amount of currency in circulation. inhibits the creation of money. results in the money supply being less than the amount of currency in circulation.

Answers

Answer:

results in the money supply being larger than the amount of currency in circulation.

Explanation:

The banks existence could be resulted in more money supply as compared to the currency amount i.e. monetary base and also the currency amount could be in the circulation base

So as per the given situation, the above should be the answer

And, the rest of the options seems incorrect

On January 1, 2021, Nath-Langstrom Services, Inc., a computer software training firm, leased several computers under a two-year operating lease agreement from ComputerWorld Leasing, which routinely finances equipment for other firms at an annual interest rate of 6%. The contract calls for four rent payments of $14,000 each, payable semiannually on June 30 and December 31 each year. The computers were acquired by ComputerWorld at a cost of $98,000 and were expected to have a useful life of seven years with no residual value. Both firms record amortization and depreciation semiannually. (FV of $1, PV of $1, FVA of $1, PVA of $1, FVAD of $1 and PVAD of $1) (Use appropriate factor(s) from the tables provided.) Required: 1. Prepare appropriate journal entries recorded by Nath-Langstrom Services for the first year of the lease. 2. Prepare appropriate journal entries recorded by ComputerWorld Leasing for the first year of the lease.

Answers

Answer:

Nath-Langstrom Services, Inc.

And

ComputerWorld Leasing

1. Journal entries by Nath-Langstrom Services for the first year of the lease:

Jan. 1, 2021:

Debit Right of Use Asset $52,039.38

Credit Lease Liability $52,039.38

To record the Right of Use Asset.

June 30, 2021:

Debit Interest Expense $1,561.18

Debit Lease Liability $12,438.82

Credit Cash $14,000

To record the semiannual payment of the lease liability.

Debit Lease Amortization Expense $13,010

Credit Accumulated Amortization $13,010

To record amortize the Right of Use Asset.

December 31, 2021:

Debit Interest Expense $1,188.02

Debit Lease Liability $12,811.98

Credit Cash $14,000

To record the semiannual payment of the lease liability.

Debit Lease Amortization Expense $13,010

Credit Accumulated Amortization $13,010

To amortize the Right of Use Asset.

2. Journal Entries by ComputerWorld Leasing for the first year of the lease:

Jan. 1. 2021:

Debit Lease Receivable $52,039.38

Credit Leased Assets $52,039.38

To record the lease receivable.

June 30, 2021:

Debit Cash $14,000

Credit Interest Income $1,561.18

Credit Lease Receivable $12,438.82

To record the receipt of the first lease payment.

Debit Depreciation Expense $7,000

Credit Accumulated Depreciation $7,000

To depreciate the leased asset.

December 31, 2021:

Debit Cash $14,000

Credit Interest Income $1,188.02

Credit Lease Receivable $12,811.98

To record the receipt of lease payment.

Debit Depreciation Expense $7,000

Credit Accumulated Depreciation $7,000

To depreciation the leased asset.

Explanation:

a) Data and Calculations:

Annual interest rate = 6%

Semiannual rental payment = $14,000

Period of lease = 2 years

Number of lease payments = 4

Cost of computers to ComputerWorld = $98,000

Estimated useful life of computers = 7 years

Residual value = $0

N (# of periods)  4

I/Y (Interest per year)  6

PMT (Periodic Payment)  14000

FV (Future Value)  0

 

Results

PV = $52,039.38

Sum of all periodic payments $56,000.00

Total Interest $3,960.62

Schedule

Period       PV                 PMT                   Interest           FV

1         $52,039.38       $14,000.00       $1,561.18        $39,600.56

2       $39,600.56       $14,000.00       $1,188.02        $26,788.58

Year #1 end

3       $26,788.58       $14,000.00        $803.66         $13,592.23

4       $13,592.23       $14,000.00         $407.77         $0.00

We must take into account the provisions of the lease contract and the relevant accounting guidelines for operating leases in order to create the journal entries for Nath-Langstrom Services, Inc. (the lessee) and ComputerWorld Leasing (the lessor) for the first year of the lease.

Given

Cost = $98,000

semiannually = $7,000 = $14,000/ 2

Required to pass Journal entries in the books of Nath-Langstrom Services, Inc. and ComputerWorld Leasing

1. Journal entries recorded by Nath-Langstrom Services, Inc.:

On January 1, 2021 (lease inception):

Lease Right-of-Use Asset $98,000

Lease Liability $98,000

On June 30, 2021 (first semiannual payment):

Lease Liability $7,000

Cash $7,000

On December 31, 2021 (second semiannual payment):

Lease Liability $7,000

Cash $7,000

2. Journal entries recorded by ComputerWorld Leasing (the lessor):

On January 1, 2021 (lease inception):

Lease Receivable $98,000

Equipment $98,000

On June 30, 2021 (first semiannual payment):

Cash $7,000

Lease Receivable $7,000

On December 31, 2021 (second semiannual payment):

Cash $7,000

Lease Receivable $7,000

Therefore, the following are the required journal entries in the books of Nath-Langstrom Services, Inc. and ComputerWorld Leasing.

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The company's bank reconciliation at June 30 included interest earned in the amount of $150. Complete the necessary journal entry by selecting the account names and dollar amounts from the drop-down menus.

Answers

Answer:

Dr Cash $150

Cr Interest Revenue $150

Explanation:

Based on the information given ifnThe bank statement included a CREDIT MEMORANDUM in the amount of $150 for interest which means that the journal entry will be :

Dr Cash $150

Cr Interest Revenue $150

Other comprehensive income includes: (You may select more than one answer. Single click the box with the question mark to produce a check mark for a correct answer and double click the box with the question mark to empty the box for a wrong answer. Any boxes left with a question mark will be automatically graded as incorrect.) check all that apply unrealized gains on available-for-sale securities.unanswered owner investments.unanswered unrealized losses from available-for-sale securities.unanswered foreign currency translation adjustments.unanswered dividends.

Answers

Answer:

unrealized gains on available-for-sale securities.

unrealized losses from available-for-sale securities.

foreign currency translation adjustments.

Explanation:

Other Comprehensive income involved the non-realized gains or losses that available for selling the securities, losses or gain related to the foreign currency translation, gain or losses related to the pension planning

Also the owners investment and dividend are to be presented on the statement of the stockholder equity

So, the above statements should be considered

Other Questions
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