Answer:
$36,000
Explanation:
The computation of the lggie's salary is shown below:
= (Iggie salary in 1974) × (2003 price index ÷ 1974 price index)
= ($10,000) × (180 ÷ 50)
= $10,000 × 3.6
= $36,000
Since we have to compute the 2003 salary based on 1974 salary so we consider the 1974 salary and took the 2003 price index as a numerator and 1974 price index as a denominator.
Answer:
cash 20,000,000 debit
unearned revenue 20,000,000 credit
Explanation:
Record the advance collection of $20 million for iTunes gift card.
When a gift card is sold, Apple Inc assume the obligation of latter provide iTunes in the near future or do cash reimbursement therefore; this isn't revenue. It is a liability. Apple will generate revenue when the gift ard are redeem not at sale.
Explanation:
Evie is more likely to be involved in e-marketing career pathway
A pension fun act as an investor by (B) The company invests the money collected from employers and/or employees.
Answer:
c. Credit to common stock.
Explanation:
Usually it's the credit to common stock in an amount equal to the par times stocks issued with the rest credited to Paid-in capital in excess of par.
