Answer:
d. 1.753 pesos/krone
Explanation:
The computation of the received pesos for exchange is shown below
Received pesos = Exchange value of one U.S dollar for Mexican pesos ÷ Exchange value of one U.S dollar for Mexican pesos
= 10.875 ÷ 6.205
= 1.753 pesos/krone
It shows a relationship between the Exchange value of one U.S dollar for Mexican pesos and the Exchange value of one U.S dollar for Mexican pesos so that per pesos/krone can come
The audit working paper that reflects the major components of an amount reported in the financial statement is the Lead Schedule.
<h3>What is the Lead Schedule?</h3>
- A working document known as a lead schedule lists the specific general ledger accounts that make up a line item in the financial statements.
- The sum for the related line item in a client's financial statements should match the number on the lead schedule.
- The general ledger (GL) accounts that are present in each financial statement line item and note disclosure are listed in a lead schedule.
- Each line item or group of related line items on the financial statement would typically have its lead schedule. The final balance in the financial statements and the sum on the lead schedule should match.
- The lead schedule gives a list of the contents of each line item. This is a useful starting place for your records.
To learn more about the Audit working paper refer to:
brainly.com/question/13812517
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Answer:
500 runs
Explanation:
In this question, we are asked to calculate the optimal number of production runs the company should make each year.
Please check attachment for complete solution and step by step explanation
Answer:
The correct answer is B that is gain of $1,000
Explanation:
The amount of gain or loss on the disposal of the fixed assets is computed as:
Amount of loss or gain = (Selling Price + Accumulated depreciation) - Cost of fixed assets
where
Selling Price is $27,500
Accumulated depreciation is $3,500
Cost of fixed assets is $30,000
Putting the values above:
= ($27,500 + $3,500) - $30,000
= $31,000 - $30,000
= $1,000
It is a gain of $1,000 on disposal of the fixed assets.
Explanation:
a. The journal entries are as follows
Taxes Expense A/c Dr $12,320
To Prepaid Taxes A/c $12,320
(Being the tax expense is recorded)
The computation is shown below:
= $18,480 × 8 months ÷ 12 months
= $12,320
Taxes Expense A/c Dr $45,000
To Property Taxes Payable A/c $45,000
(Being the taxes expense is recorded
b. The amount of tax expense for the current year is shown below:
= $12,320 + $45,000
= $57320
