The following is a balance sheet for Jim Henson Yard Service at December 31, 2014. Assets Cash $13,000 Accounts receivable 6,000 Supplies 9,000 Equipment 11,000 Total assets $39,000 Liabilities and Stockholders' Equity Liabilities Accounts payable $ 8,000 Notes payable 15,000 Stockholders' equity Common stock 16,000 Total liabilities & stockholders' equity $39,000 The following additional data are available for the following year, 2015: All expenses (excluding supplies expense) total $6,000 for the year. On January 1, 2016, supplies were $11,000, and $7,000 of supplies were purchased during the year. Net income for the year was $8,000 and dividends paid were $9,000. What is the stockholder’s equity on December 31, 2015?

According to herman, one of the differences of managing a nonprofit versus a for-profit corporation is

Reynolds corp. factors $400,000 of accounts receivable with mateer finance corporation on a without recourse basis on july 1, 2015. the receivables records are transferred to mateer finance, which will receive the collections. mateer finance assesses a finance charge of 1 ½ percent of the amount of accounts receivable and retains an amount equal to 4% of accounts receivable to cover sales discounts, returns, and allowances. the transaction is to be recorded as a sale. required: a. prepare the journal entry on july 1, 2015, for reynolds corp. to record the sale of receivables without recourse. b. prepare the journal entry on july 1, 2015, for mateer finance corporation to record the purchase of receivables without recourse— think through this. c. explain the difference between sale of receivables with recourse as oppose to without recourse.

Atoy store has a new game in stock, but customers aren't buying it. which of the following types of inventory increases when customers aren't buying this game? a. work-in-process b. raw materials c. finished goods d. in-transit