After all of the account balances have been extended to the Balance Sheet columns of the end-of-period spreadsheet, the totals of the debit and credit columns show debits of $28,480 and credits of $38,055. This indicates that a. the company has a net income of $9,575 for the period. b. neither net income or loss can be calculated because it is found on the income statement c. the amounts are out of balance and need to be corrected. d. the company has a net loss of $9,575 for the period.

What are the general categories of capital budget scenarios? describe the overall decision-making context for each.

On january 1, vermont corporation had 40,000 shares of $10 par value common stock issued and outstanding. all 40,000 shares has been issued in a prior period at $20.00 per share. on february 1, vermont purchased 3,750 shares of treasury stock for $24 per share and later sold the treasury shares for $21 per share on march 1. the journal entry to record the purchase of the treasury shares on february 1 would include a credit to treasury stock for $90,000 debit to treasury stock for $90,000 credit to a gain account for $112,500 debit to a loss account for $112,500

Why has the free enterprise system been modified to include some government intervention?