Which of the following businesses most likely would have a large Unearned Revenue account balance at all times?
A) Dry cleaners
B) Realtor
C) Magazine publisher
D) Department store
C
You might also like to view...
Graham knew he failed his staff and he wanted to regain their trust after the conflict. What is a simple positive step Graham could do?
A. Avoid talking with his staff for at least a week to avoid any awkward moments. B. Keep on as usual and never acknowledge that the conflict happened. C. Present a strategic vision to help people buy-in to his leadership. D. Offer a genuine apology and acknowledge his personal commitment to growth.
Following are selected accounts for Green Corporation and Vega Company as of December 31, 2020. Several of Green's accounts have been omitted. Green VegaRevenues$900,000 $500,000 Cost of goods sold 360,000 200,000 Depreciation expense 140,000 40,000 Other expenses 100,000 60,000 Equity in Vega's income ? Retained earnings, 1/1/2020 1,350,000 1,200,000 Dividends 195,000 80,000 Current assets 300,000 1,380,000 Land 450,000 180,000 Building (net) 750,000 280,000 Equipment (net) 300,000 500,000 Liabilities 600,000 620,000 Common stock 450,000 80,000 Additional paid-in capital 75,000 320,000 ??Green acquired 100% of Vega on January 1,2016, by issuing 10,500 shares of its $10 par value common
stock with a fair value of $95 per share. On January 1, 2016, Vega's land was undervalued by $40,000, its buildings were overvalued by $30,000, and equipment was undervalued by $80,000. The buildings have a 20-year life and the equipment has a 10-year life. $50,000 was attributed to an unrecorded trademark with a 16-year remaining life. There was no goodwill associated with this investment.?Compute the December 31, 2020, consolidated common stock. A. $555,000. B. $635,000. C. $530,000. D. $525,000. E. $450,000.
Assume that Montana Mining, Inc. borrows $5,000,000 for 120 days. The total interest paid is
$150,000. What is the APY, or Effective Annual Rate of interest that Billings pays? A) 9.00% B) 9.27% C) 9.77% D) 3.00%
Why are transcultural employees needed?
What will be an ideal response?