The depreciable cost of an asset is

Prepare an income statement and a statement of retained earnings for the month of June. Also, prepare a balance sheet at June 30

The transactions of Magna Designer Corporation for the first month of their operations are as follows: • On June 1, 2017, Magna Designer Corporation received $25,000 cash from its stockholders and gave common stock to the stockholders. • The company rendered services to three clients on account with total revenues earned of $9,000. • It then incurred an advertising expense on four different websites and promised to pay a total of $1,200 at a later date. • On June 13, Magna Designers purchased $1,000 worth of office supplies for cash. (The supplies are not used by June 30 ) • On June 22, it received $2,000 on account from a client and deposited it into the business account. • On June 23, it incurred $1,300 for a legal expense and paid cash. • On June 30, Magna Designers made a payment of $500 to one of the websites that it owed for advertising provided earlier in the month. • No dividends were paid during the month. What will be an ideal response

Industry analyst reports normally state the market share of a particular company. If this

information is not available, one can determine market share from ________. A) the product's stage in the product life cycle B) product life cycle and market penetration C) market size and total revenue D) the number of shares and the share price