Business, 12.07.2019 12:00 ceciliaaa

At the beginning of the year, wilson steel, inc. purchased 10,000 shares of barnes metals, inc. for $34,000 in exchange for cash and now holds 3.2% of the voting stock of barnes metals, inc. the management of wilson steel intends to hold this stock for two years. assuming no other transaction happened during the year, the in the balance sheet will increase.

Answers: 1

Show answers

Other questions on the subject: Business

Business, 21.06.2019 17:30, deduran

Following are the transactions for valdez services. the company paid $2,000 cash for payment on a 6-month-old account payable for office supplies. the company paid $1,200 cash for the just completed two-week salary of the receptionist. the company paid $39,000 cash for equipment purchased. the company paid $800 cash for this month’s utilities. the company paid $4,500 cash in dividends to the owner (sole shareholder). examine the above transactions and identify those that create expenses for valdez services. prepare general journal entries to record those transactions that created expenses in the above given order.

Answers: 2

continue

Business, 22.06.2019 11:00, smartie80

Why does an organization prepare a balance sheet? a. to reveal what the organization owns and owes at a point in time b. to reveal how well the company utilizes its cash c. to calculate retained earnings for a given accounting period d. to calculate gross profit for a given accounting period

Answers: 1

continue

Business, 22.06.2019 11:00, HUNIXX6561

Samantha is interested in setting up her own accounting firm and wants to specialize in the area of accounting that has experienced the most significant growth in recent years. which area of accounting should she choose as her specialty? samantha should choose as her specialty.

Answers: 1

continue

Business, 22.06.2019 13:30, lemmeboiz43

The fiscal 2016 financial statements of nike inc. shows average net operating assets (noa) of $8,450 million, average net nonoperating obligations (nno) of $(4,033) million, average total liabilities of $9,014 million, and average equity of $12,483 million. the company's 2016 financial leverage (flev) is: select one: a. (0.477) b. (0.559 c. (0.323) d. (0.447) e. there is not enough information to determine the ratio.

Answers: 2

continue

You know the right answer?

At the beginning of the year, wilson steel, inc. purchased 10,000 shares of barnes metals, inc. for...