The contribution of equipment by a stockholder in exchange for common stock is an example of ________.
A) investing activity
B) financing activity
C) operating activity
D) non-cash investing and financing activity
D) non-cash investing and financing activity
You might also like to view...
On January 1, Year 1, the Dole Company purchased an asset that cost $154,000. The asset had an expected useful life of seven years and no estimated residual value. The company initially decided to use sum-of-the-years'-digits (SYD) depreciation for both financial accounting and income tax purposes. Depreciation expense for the straight-line method and the sum-of-the-years'-digits method is as follows:
? ? Straight-line SYD over ? Year over 7 Years 7 Years Difference 1 $ 22,000 $ 38,500 $ 16,500 2 22,000 33,000 11,000 3 22,000 27,500 5,500 4 22,000 22,000 0 5 22,000 16,500 (5,500) 6 22,000 11,000 (11,000) 7 22,000 5,500 (16,500) ? $154,000 $154,000 $ 0 ? At the beginning of Year 4, Dole changed from the sum-of-the-years'-digits method to the straight-line method of depreciation for financial reporting purposes. The company's income tax rate is 30%. In Year 3 and Year 4, Dole had $90,000 pretax income before depreciation and income taxes. ? Required: ? a. Complete the following section of the income statement: ? ? ? ? ? ? Year 3 Year 4 ? ? ? ? ? Pretax income before depreciation $90,000 $90,000 ? ? ? ? ? Depreciation expense _______ _______ ? ? ? ? ? Income before income taxes _______ _______ ? ? ? ? ? Income tax expense _______ _______ ? ? ? ? ? Net income _______ _______ ? ? b. Prepare the journal entries to record the depreciation expense, tax expense, and the effect of the accounting change (if any) in Year 4. What will be an ideal response?
Many companies judge the success of their recruiting efforts by the
A) quantity of hire. B) quality of hire. C) cost-benefit hiring ratio. D) social media click-through rate. E) corporate turnover ratio.
Amabile argues that in order for creativity to occur, we must have ______, or knowledge about the subject and the skills and talent to provide the most creative and productive responses.
A. domain-relevant skills and expertise B. intrinsic task motivation C. extrinsic environmental components D. creativity-relevant processes
During the years ended June 30, 2020 and 2021, Jackson University, a private university, conducted a cancer research project financed by a $1,000,000 gift from an alumnus. The entire amount was pledged by the donor on July 10, 2019. The gift was restricted to the financing of this particular research project. During the two-year research period, Jackson's gift receipts from the alumnus and research expenses related to the research project were as follows for each fiscal year (FY): FY 2020FY 2021Gift receipts$200,000 $800,000 Cancer research expenses$100,000 $900,000 How much had net assets with donor restrictions increased as of the end of FY 2021?
A. $0. B. $(100,000). C. $1,000,000. D. $100,000.