Reported in the ledger of mariah company

Assignment Help Accounting Basics

Reference no: EM131063687

2. Thc following amounts are reported in the ledger of Mariah Company:
Assets 580,000
Liabilities 36.000
Retained Earnings 12.000

1. What is the balance in the Common Stock account?
A. $44,000.
B. $32,000.
C. $48,000.
D. S42,000.

2. When cash payments arc made to stockholders, what is the effect on the company's accounts? %. Cash decreases and dividends increase.

3. Cash increases and dividends decrease.
a. Cash decreases and common stock decreases. ). Cash increases and common stock increases.
b. Which of the following is not an asset account? . Supplies.
c. Accounts Payable.
d. Equipment.
Accounts Receivable.

Reference no: EM131063687

Questions Cloud

Write summary for this given research article : Write summary for this research article. Article - A Flexible Flow Sensor System and Its Characteristics for Fluid Mechanics Measurements

Cash requirements and investment needs : How can you tell from their actual results if they are planning their cash requirements and investment needs appropriately? Do they borrow and repay?

Primary points of emphasis in a start-up business plan : BUS560 Small Business Management - What are the primary points of emphasis in a start-up business plan? How might this plan evolve as it changes from a start-up plan to an ongoing business plan that will be used by the company?

Countries with high levels of development : Countries with high levels of development. It is marked by high quality education, advanced health care, good services, advanced technology and decent salaries are refereed to as.

Reported in the ledger of mariah company : 2. Thc following amounts are reported in the ledger of Mariah Company: Assets 580,000

Ireland economic condition : Write at least a paragraph that summarizes Ireland's economic condition. Include in your paragraph any relevant information regarding the Economic Freedom Index and how it might be related to the overall economic health of the country. What should..

Nationality of an mnc makes a difference : Do liberals, realists, and historical materialists believe that the nationality of an MNC makes a difference? Do you think that the competitiveness of a country is closely tied with the competitiveness of its MNCs?

Does revising the estimate pose an ethical dilemma : How would increasing the depreciation period affect American Movieplex's income?

Productivity of solar panel producers : Explain, with the use of demand and supply diagrams, the effect of the following events on the market for solar panels:

User Account

All Pages