To be eligible to collect unemployment compensation, Jerry must demonstrate that he:
A) was involuntarily terminated from his job
B) is able and available to work at a new job.
C) is actively seeking employment.
D) All of the above
D
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Which of the following options does not attempt to repay and discharge debt?
A. Chapter 7 bankruptcy B. Chapter 11 bankruptcy C. out of existence D. workout
The statement of stockholders' equity for Jutras Corporation shows an increase in the Common Stock account of $8,000, an increase in Additional Paid-in Capital--Common in the amount of $22,000, and an increase in Retained Earnings of $50,000 . If the stock has a par value of $3 and dividends of $10,000 were declared and paid during the year, what is the amount of net income for the year?
a. $40,000 b. $50,000 c. $60,000 d. $90,000
Hardin Co. purchased $1,000,000 of 4% bonds of West in Co. at face value on January 1, 2018. The bonds pay interest on June 30 and December 31 each year. They mature on December 31, 2022. Hardin intends to hold the Westin bond investment until maturity and has the ability to do so.
1. Journalize Hardin's transactions related to the bonds for 2018. Omit explanations. 2. Journalize the entry that Hardin will make on the maturity date of the Westin Co. bonds. Assume the last interest payment has already been recorded. Omit explanations.
Discuss the advantages of appropriate documentation
What will be an ideal response?