A summary of selected ledger accounts appear below for Alberto's Plumbing Services for the 2009 calendar year end. Alberto, Capital 12/31 8,500 1/1 6,500 12/31 18,500 Alberto, Drawing 6/30 3,500 12/31 8,500 11/30 5,000 Income Summary 12/31 15,000 12/31 33,500 12/31 18,500 Net income for the period is

A) $16,500
B) $33,500
C) $18,500
D) $15,000


C

Business

You might also like to view...

According to Benford's law, the first digit of random data sets will most often begin with which number?

a. 7 b. 1 c. 3 d. 4

Business

Andrea is a real estate agent; however, she does not have a license as required by statute

Andrea sells a piece of property for George, but George refuses to pay her the agreed commission. Andrea sues George. What results? A) If the licensing statute is a regulatory statute, Andrea cannot collect her commission. B) If the licensing statute is a revenue raising statute, Andrea cannot collect her commission. C) No matter what kind of statute, Andrea can collect her commission. D) No matter what kind of statute, Andrea cannot collect her commission.

Business

A seller has an insurable interest in goods as long as the goods are in existence.?

Indicate whether the statement is true or false

Business

In the October 26, 1992, prospectus summary of the Staples 5% convertible subordinated debentures due 1999, the offering stated: "Convertible into Common Stock at a conversion price of $45 per share . . ." If the par value is $1

000, what is the conversion ratio?

Business