Riley, incorporated reports the following amounts at the end of the year: cash $ 57,200 service revenue $ 97,900 buildings 44,000 salaries expense 61,800 accounts payable 8,700 equipment 70,000 interest expense 3,500 supplies 3,700 advertising expense 10,800 notes payable 45,000 in addition, the company had common stock of $68,000 at the beginning of the year and issued an additional $6,200 during the year. the company also had retained earnings of $27,200 at the beginning of the year and paid dividends of $2,000 during the year. prepare the income statement, statement of stockholders' equity, and balance sheet. a. income statement.

Witch is an example of a non durable good?

Mae jong corp. issues $1,000,000 of 10% bonds payable which may be converted into 10,000 shares of $2 par value ordinary shares. the market rate of interest on similar bonds is 12%. interest is payable annually on december 31, and the bonds were issued for total proceeds of $1,000,000. in accounting for these bonds, mae jong corp. will: (a) first assign a value to the equity component, then determine the liability component. (b) assign no value to the equity component since the conversion privilege is not separable from the bond.(c) first assign a value to the liability component based on the face amount of the bond.(d) use the “with-and-without” method to value the compound instrument.

Question 55 ted, a supervisor for jack's pool supplies, was accused of stealing pool supplies and selling them to friends and relatives at reduced prices. given ted's earlier track record, he was not fired immediately. the authorities decided to give him an administrative leave, without pay, until the investigation was complete. in view of the given information, it would be most appropriate to say that ted was: demoted. discharged. suspended. dismissed.