Answer:
60%
Explanation:
To calculate the percentage assigned to cost of goods sold
, we should use the formula:
= 60%
Therefore, the percentage assigned to Cost of goods sold is 60%
Answer:
MARIGOLD CORP
INTEREST TO BE CAPITALIZED IN THE YEAR 2020
January 2, 2020 $606,000 *10% = $60,600
September 1, 2020 $1,802,400*10%* 4/12 = <u> $60,080</u>
<u> 120,680</u>
Explanation:
Interest to be capitalized for the year 2020 must be interest that is incurred on amount expended on the construction from amount specifically borrowed for the construction
Answer:
Explanation:
The statement of stockholder's equity comprises common stock and retained earnings. The ending balance after adjustment shown in the attached spreadsheet.
And, the balance sheet comprises of the assets and liabilities. With the help of the accounting equation, the total assets are equal to the total liabilities including stockholder's equity.
The preparation of the statement of stockholders’ equity and the balance sheet is presented in the spreadsheet. Kindly find the attachment below:
Shareholders' equity is equal to net fixed assets minus long-term debt plus net working capital.
Shareholders' equity refers to the amount owners of a company have invested in the said company:
- Shareholders' equity includes the money they've directly invested and the accumulation of income that has been accrued in the name of the company as earned since the start of the investment and reinvestment.
- It refers to the ownership of assets that may have liabilities or debts connected to them.
- Shareholder's equity is equal to the net fixed assets of the company subtracted from the long-term debt and added to the net working capital.
- Another way to ascertain shareholders' equity is by subtracting total assets from total liabilities.
Therefore, shareholders' equity is equal to net fixed assets minus long-term debt plus net working capital.
Learn more about shareholders' equity here: brainly.com/question/14032844
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Answer: True
Explanation:
Hybrid cars use both electricity and gasoline motors and engines. The concept behind this is that the electricity gives the car better acceleration and the gasoline then maintains it.
Developed countries tax gasoline due to its emissions but don't really tax electricity. On realizing this, designers recognized that they could combine both gasoline and electricity to create hybrids that would decrease the cost of taxation of using gasoline.
