Introduction to business

On its December 31, 2020, balance sheet, Pharoah Company reported its investment in equity securities, which had cost $640000, at fair value of $592000. At December 31, 2021, the fair value of the securities was $621000.

A company has two departments, Y and Z that incur wage expenses. An analysis of the total wage expense of $25,000 indicates that Dept. Y had a direct wage expense of $3,200 and Dept. Z had a direct wage expense of $5,300.

What three things would influence your decision the most when looking for a checking account?

Indiana Co. began a construction project in 2018 with a contract price of $164 million to be received when the project is completed in 2020.

Alfonso began the year with a tax basis in his partnership interest of $30,000. His share of partnership debt at the beginning and end of the year consists of $4,000 of recourse debt and $6,000 of nonrecourse debt.

Presented below are two independent situations. 1. On January 1, 2014, Simon Company issued $200,000 of 9%, 10-year bonds at par. Interest is payable quarterly on April 1, July 1, October 1, and January 1.2.

Smith Dentistry opened on June 1, 2016. The following transactions occurred during June 1. Issued common stock to owners in exchange for $18,000 cash. 2. Purchased $4,500 of equipment, paying $1,350 cash and signing a promissory note for $3,150. 3.

Policies are sometimes defined as:

If a company's after-tax borrowing rate is greater than the company's earning yield when the company repurchases stock with borrowed money, going forward, the earnings per share is most likely to: A. increase. B. decrease. C. remain unchanged.

1) Orange Inc. issued 20,000 nonqualified stock options valued at $40,000 (in total). The options vest over two years-half in 2018 (the year of issue) and half in 2019.