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Mick is a greengrocer sole trader. At his recent year-end of 31 March 2020, he wishes to include all relevant insurance charges in his business expenses. On 5 March 2020 he paid the quarterly bill of £360 for the months February, March, and April 2020.
Problem 1: What is the amount of the insurance expense to be included in the income statement for each of the two accounting periods, ending 31 March 2020 and 31 March 2021, with respect to this bill? Show and explain your workings.
describe the effect of each transaction on assets liabilities and owners equity. 1. incurred advertising expense on
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if a company declares a 2 for 1 stock split when its stock was trading for $40 just prior to the announcement and it has 2 million shares outstanding, what will the theoretical market price of the stock be just after the stock split? Are stockhold..
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Suppose next year the Baldwin Company generates $44,200 in net profit, pays $12,000 in dividends, total assets increase by $55,000, and total liabilities remain unchanged. What will ending Baldwins balance in Common Stock be next year
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Find the working capital and current ratio for 2019 and 2018. Does the change in the current ratio from 2018 to 2019 indicate a favorable or unfavorable change
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