Answer:
$3
Explanation:
SBC Corp
($million)
FV in excess of book value $12
×
Share of ownership 25%
Additional depreciation in total $3
Therefore the total amount of additional depreciation to be recognized by SBC over the remaining life of the assets is: $3
Answer:
Answer B
Explanation:
Plaintiff attorney is the last resource for the damaged or injured party, that he/she can turn to. They usually represent those who suffered as a result of someone else's negligence and in the process cover all the costs and expenses of the trial. They cover all the financial costs in exchange of portion of Final verdict or settlement.
Farming , factory , mines , oil
Answer:
November 27
Dr Cash $15,750
Cr Interest Revenue $625
Cr Interest Receivable $125
Cr Notes Receivable for $15,000
Explanation:
Preparation for the necessary November 27 entry
November 27
Dr Cash $15,750
[$15,000+($15,000 × 10% × 180/360) ]
($15,000 + $750=$15,750)
Cr Interest Revenue $625
( $15,000 × 10% × 150/360),
Cr Interest Receivable $125
Cr Notes Receivable for $15,000
Note that between the month of June 30 and November 27 we would have a total of 150 days
Answer:
-$27,800
Explanation:
When the inventory closing balance is overstated, the cost of goods sold is understated and as such the net income which is posted to the retained earnings will be overstated
. When an expense is overstated, the net income is understated and so is the retained earnings.
The net overstatement of inventory across the two periods
= $58,500 - $10,500
= $48,000
The net overstatement of depreciation across the two periods
= $24,800 - $4,600
= $20,200
Adjustments to retained earnings
= - $48,000 + $20,200
= -$27,800