I would say false. the par value is not necessarily the amount that the investor must pay in order to purchase the preferred stock. the par value is known to be the market price of the stock however, investors may offer the stock above or below the par value depending on the decision of the board
Answer:
it is an adjustment to net income.
Since the prepaid expenses increased during the year, the amount by which it increased should be deducted from operating cash flows
Explanation:
other adjustments to net income:
depreciation expense
changes in accounts receivable
changes in inventory level
changes in accounts payable
changes in other current liabilities, e.g. taxes payable
1. The importance of anti-virus software it to help prevent a virus (such as malware) from infecting the computer/electronic device and preventing the possibility of a security breach within the companies system. 2. Susan could have easily prevented this scenario from happening by paying attention to why she was supposed to, following the rules, and staying away from suspicious websites. 3. The ethical issues this scenario illustrates is the lack of attention employees have in the work place. 4. The company could lose valuable and confidential data within their program by hackers. 5. Companies could set up mandated reminders to their employees to keep track of their anti-virus software and make sure it’s up to date.
Answer: See explanation
Explanation:
The necessary closing entries from the available information at December 31 will be calculated thus:
1. Dec 31
Dr Services Revenue $13000
Cr Income Summary $13000
2. Dec 31
Dr Income Summary $10000
Cr Wages expense $8400
Cr Rent expense $1600
3. Dec 31
Dr Income Summary = $13000 - $10000 = $3000
Cr D. Mai, Capital $3000
4. Dec 31
Dr D. Mai, Capital $800
Cr D. Mai, Withdrawals $800
Answer:
Explanation:
40% probability that bond will be priced at $950
60% probability that bond will be priced at $1050
Expected value of the bond in one year:
(Probability*Price of bond) + (Probability * Callable price bond)= (0.4*$950)+(0.60*$1010)=$986
So, expected value is $986
