QUESTION 1 |
||||||||||||
|
||||||||||||
|
||||||||||||
QUESTION 2 |
||||||||||||
|
||||||||||||
|
||||||||||||
QUESTION 3 |
||||||||||||
|
||||||||||||
|
||||||||||||
QUESTION 4 |
||||||||||||
|
||||||||||||
|
||||||||||||
QUESTION 5 |
||||||||||||
|
||||||||||||
|
||||||||||||
QUESTION 6 |
||||||||||||
|
||||||||||||
|
||||||||||||
QUESTION 7 |
||||||||||||
|
||||||||||||
|
||||||||||||
QUESTION 8 |
||||||||||||
|
||||||||||||
|
||||||||||||
QUESTION 9 |
||||||||||||
|
||||||||||||
|
||||||||||||
QUESTION 10 |
||||||||||||
|
||||||||||||
|
1. Option A Variable costs are the costs which are in direct proportion to the production. That is they increase or decrease based on the increase or decrease of production. |
2. Option D Fixed costs are costs that remain fixed even when the output changes. |
3. Option B Product costs are the costs incurred in the production of a product |
7. Option D |
QUESTION 1 The cost of milk used to manufacture ice cream would most likely be classified...
At January 1, 2022, ZZ Company reported the following stockholders' equity accounts: Common stock, $9 par ............................ $450,000 Paid-in capital – common stock .................. 125,000 Treasury stock (14,000 shares at $15 cost) ...... 210,000 Paid-in capital – treasury stock ................ 12,000 Retained earnings ............................... 58,000 During January, ZZ Company entered into the following transactions: January 14 Re-issued 3,000 of the treasury shares for $9 per share January 19 Re-issued 5,000 of the treasury shares for $16 per share January 22...
At January 1, 2022, ZZ Company reported the following stockholders' equity accounts: Common stock, $9 par ............................ $450,000 Paid-in capital – common stock .................. 125,000 Treasury stock (14,000 shares at $15 cost) ...... 210,000 Paid-in capital – treasury stock ................ 12,000 Retained earnings ............................... 58,000 During January, ZZ Company entered into the following transactions: January 14 Re-issued 3,000 of the treasury shares for $9 per share January 19 Re-issued 5,000 of the treasury shares for $16 per share January 22...
At January 1, 2022, ZZ Company reported the following stockholders' equity accounts: Common stock, $9 par ............................ $450,000 Paid-in capital – common stock .................. 125,000 Treasury stock (14,000 shares at $15 cost) ...... 210,000 Paid-in capital – treasury stock ................ 12,000 Retained earnings ............................... 58,000 During January, ZZ Company entered into the following transactions: January 14 Re-issued 3,000 of the treasury shares for $9 per share January 19 Re-issued 5,000 of the treasury shares for $16 per share January 22...
I'm not sure with my answer At January 1, 2022, ZZ Company reported the following stockholders equity accounts: Common stock, $9 par .. Paid-in capital - common stock .. Treasury stock (14,000 shares at $15 cost) Paid-in capital - treasury stock Retained earnings $450,000 125,000 210,000 12,000 58,000 During January, ZZ Company entered into the following transactions: January 14 Re-issued 3,000 of the treasury shares for $9 per share January 19 Re-issued 5,000 of the treasury shares for $16 per...
guante question will save this response. Question : Question 1 16 points s Match each of the following stockholders' equity concepts to the most appropriate term (a-h). The account used to record the difference when issue price exceeds a. authorized shares par value of stock 3 b , issued shares The dollar amount assigned to each share of stock outstanding shares The number of shares currently held by stockholders d . par value • A class of stock having first...
Question 3 6 points Save Ansi On January 1, 20x5, Dove Valley Corporation had 100,000 shares of $10 par value common stock issued and outstanding. All 100,000 shares had been issued in a prior period at $30 per share. On February 1, 20x5, Dove Valley purchased 4,000 shares of treasury stock for $36 per share and later sold the treasury shares for $40 per share on March 2, 20x5. The entry to record the purchase of the treasury shares on...
On January 1, Vermont Corporation had 36,200 shares of $12 par value common stock issued and outstanding. All 36,200 shares had been issued in a prior period at $20 per share. On February 1, Vermont purchased 1,100 shares of treasury stock for $25 per share and later sold the treasury shares for $22 per share on March 1. The journal entry to record the purchase of the treasury shares on February 1 would include a a.credit to Treasury Stock for...
please answer the following multiple choice questions 20. The following information is from the balance sheet of Tudor Corporation as of December 31, 2014 Preferred stock, S100 par Paid-in capital in excess of par preferred Common stock, SI par Paid-in capital in excess of par common Retained earnings Total stockholders' equity What was the average issue price of the common stock shares? A) S1.90 B) $1.00 C) $3.00 D) S13.15 $ 500,000 35,000 190,000 380,000 131.500 SL236.500 21. Dallkin Corporation...
on January 1,2015, Dreamy Comp 4. On January 1, 2015, Dreamy Company issued 30,000 shares of $2 par value common stock for $150,000. On M.. 1, 2015, the company purchased 6,000 shares of its common stock for $7 per share for the treasury. On June 1 2015, 1.500 of the treasury shares are sold for $10 per share on September 1, 2015, 3,000 treasury shares are sold at $5 per share. Instructions Joumalize the stock transactions of Dreamy Company in...
QUESTION 1 An important disadvantage of the corporate form of ownership is double taxation. True False 1 points QUESTION 2 The liability of stockholders is normally limited to their investment in the corporation. True False 1 points QUESTION 3 Authorized shares of common stock require a journal entry to record the information. True False 1 points QUESTION 4 The par value of common stock is usually different from the market value of stock. True False 1 points...