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A company reported annual wages expense of $522,000 and insurance expense of $63,000. During the year, wages payable decreased from an $27,000 beginning balance to a $19,800 ending balance, and prepaid insurance decreased from a $135,000 beginning balance to a $81,000 ending balance. How much cash was paid to employees as wages and paid for insurance during the year? Select one: O a. $522,000 for wages and $63,000 for insurance. O b. $529,200 for wages and $117,000 for insurance O c. None of these are correct d. $514,800 for wages and $9,000 for insurance e. $529,200 for wages and $9,000 for insurance O
Atlas Corporation reported the following earnings per share information in its current annual report. The company has only one class of stock outstanding. ($ in millions) Net income $13,352 Dividends to common shareholders $3,812 Weighted average common shares outstanding 4,221 Weighted average dilutive shares 4,305 Basic and diluted earnings per share were, respectively: Select one: O a. $3.16 and $2.22 O b. $2.26 and $2.22 O c. $3.16 and $3.10 d. $4.07 and $3.99 e. None of these are correct.
GAAP identifies several levels of influence/control. If Company One owns 10% of the outstanding voting stock of Company Two, which level of influence/control is in evidence? Select one: O O A. Fair-value method i B. Significant Influence C. Control D. Passive E. None of the above-
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