On February 1, 2015, Vermont Corp pays $50,000 for shares of Stream, Inc common stock and another $1,000 in commissions. Assume that Vermont sells the Stream stock on May 20, 2015, for $53,000 . In this case, Vermont recognizes

a. An increase in assets and stockholders' equity for $2,000.
b. An decrease in assets and an increase in stockholders' equity for $2,000.
c. An increase and decrease in assets by the same amount.
d. An increase in assets and stockholders' equity for $3,000.


a

Business

You might also like to view...

When a product solves an everyday life problem, the executional framework being used in the ad is most likely:

A) slice-of-life B) authoritative C) fantasy D) informative

Business

The cash-to-cash operating cycle is the number of days' sales in

a. receivables and working capital. b. receivables and plant assets. c. inventory and receivables. d. inventory and plant assets.

Business

Which is a TRUE statement about corporate sustainability efforts?

A. preserve the natural environment B. demand constant improvement to achieve C. can boost profits D. all of these

Business

In queuing theory, “random arrivals” means that ______.

a. customers arrive at given times b. the arrivals of customers are independent of each other c. the interval between each customer arrival is fixed d. you can predict the arrival of the next customer based on the previous customer’s arrival time

Business