In 2021 your firm had 5 computers each with a market value of $4,000. In the...
Fantastic news! We've Found the answer you've been seeking!
Question:
Transcribed Image Text:
In 2021 your firm had 5 computers each with a market value of $4,000. In the same year you spent $1,000 for their maintenance and upgrading, and purchased 2 new computers each with a market value of $2,000. By the end of 2021, the total market value of your original 5 computers had dropped to $3,000 (others remained the same). Now we are in 2022. Which of the below are true? 1. II. Your capital stock now is $6,000. Your capital stock now is $8,000. Your capital stock did not change from 2021 to 2022. In 2021 you invested $2,000 and depreciation was $2,000. In 2021 you invested $3,000 and depreciation was $1,000. b) II and IV. c) I and V. d) III and IV. IV. V. a) I and IV. e) Il and V. In 2021 your firm had 5 computers each with a market value of $4,000. In the same year you spent $1,000 for their maintenance and upgrading, and purchased 2 new computers each with a market value of $2,000. By the end of 2021, the total market value of your original 5 computers had dropped to $3,000 (others remained the same). Now we are in 2022. Which of the below are true? 1. II. Your capital stock now is $6,000. Your capital stock now is $8,000. Your capital stock did not change from 2021 to 2022. In 2021 you invested $2,000 and depreciation was $2,000. In 2021 you invested $3,000 and depreciation was $1,000. b) II and IV. c) I and V. d) III and IV. IV. V. a) I and IV. e) Il and V.
Expert Answer:
Answer rating: 100% (QA)
The detailed answer for the above question is provided below To calculate the current capital stock ... View the full answer
Related Book For
Government and Not for Profit Accounting Concepts and Practices
ISBN: 978-1118155974
6th edition
Authors: Michael H. Granof, Saleha B. Khumawala
Posted Date:
Students also viewed these physics questions
-
Below are two portfolios with a market value of $500 million. The bonds in both portfolios are trading at par value. The dollar duration of the two portfolios is the same. Answer the below questions....
-
The firm has outstanding debt with a market value of 45 million. The firm's equity has a market value of 100 million. What is the firm worth?
-
A company has assets with a market value of $100. It has one outstanding bond issue, a zero coupon bond maturing in two years with a face value of $75. The risk-free rate is 5 percent. The volatility...
-
Hanley asks his assistant to collect details on those costs included in the $21,000 indirect-cost pool that can be traced to each individual job. After analysis, Wigan is able to reclassify $14,000...
-
(a) Two plane mirrors make an angle of 60 with each other. Show on a sketch the location of all the images formed of a point object on the bisector of the angle between the mirrors. (b) Repeat for an...
-
Stanislaw Timber Company owns 9,000 acres of timberland purchased in 2014 at a cost of $1,400 per acre. At the time of purchase, the land without the timber was valued at $400 per acre. In 2015,...
-
Stanley Neal and Helen Jobe each have equity of $40,000.00 in an existing partnership. The partners share equally in all changes in equity. On August 1 of the current year, the existing partners...
-
Consider a monopolistically competitive market with N firms. Each firms business opportunities are described by the following equations: Demand: Q = 100/N P Marginal Revenue: MR = 100/N 2Q Total...
-
ABC Wholesale Corporation maintains its records on a cash basis. At the end of each yea Time left 1 : 0 3 : 2 2 company's accountant obtains the necessary information to prepare accrual basis...
-
The accounts in the ledger of Time Is Money Delivery Service contain the following balances on July 31, 2015. Accounts Receivable ......... $10,642 Prepaid Insurance ............ $ 1,968 Accounts...
-
On January 1, 2020, Pickens Incorporated loaned $901,560 toHauser Enterprises in exchange for a 3 year, zero-interest-bearingnote with a face amount of $1,200,000. The prevailing rate ofinterest fo 2...
-
Assuming we make an all-cash offer, we will have to do some external financing. How should the team think about the choice of debt versus equity financing?
-
TED spread, is defined as the differential between the overnight LIBOR interest rate and the 3-months U.S. Treasury bill rate. Considering the September and October 2008 period. Discuss and explain...
-
(x+2)(x+3) Find the domain of the expression (x+2)(x-4)
-
On Saturday, January 6 th , 2024 the victims were at the Delaware Pub located at 702 Ossington Ave in the City of Toronto, in the Toronto Region. They were there between 4:00 pm and 6:00 PM having...
-
Company Audi's capital structure includes Equity, Preference shares and Bonds (Debt). It wants to calculate its WACC (Weighted average cost of capital) Capital Structure: The market value of Audi's...
-
Controlling can be defined as ensuring that the actions of the employees of an organization are directed towards the attainment of a common goal and the work is being performed as planned by the...
-
Write a program that initializes an array. It inputs a value from the user and searches the number in the array.
-
What is meant by deferred inow of resources? Provide an example of when a government might credit such an account.
-
What is meant by the unied budget? Why are Social Security receipts and disbursements said to be off budget?
-
Why is it important that governments and not-for-prots coordinate their processes for developing appropriations budgets with those for developing capital budgets?
-
During June 2019, its first month of operations, Weston Manufacturing Company completed the transactions listed below. Weston uses a job order costing system. Materials requisitions and the wages...
-
The following accounts and corresponding balances were drawn from Widjaja Company's 2012 and 2011 year-end balance sheets. During the year, \(\$ 68,000\) of unearned revenue was recognized as having...
-
What is the difference between an interestbearing note and a discount note?
Study smarter with the SolutionInn App