Answer:
Option C is the right answer
Explanation:
The shark fin soup is one of the favorite foods of people and foreigners and when due to the presence of mercury in shark soup the sale of one of the favorite Thai food decline. There are various reasons for the plummeted sales, such as; social factors, people are willing to use and recommend those products only which are healthy. Similarly, political and legal enforcement led to a devastating decline of the overall demand for shark soup.
18.25%
0.05% x 365 (days in a year)
Answer:
The answer is B.
Explanation:
Some business transactions are so huge or large to the extent that there might be omission or error in recording transactions when they occur.
Adjusting entries are done to update entries for previously unrecorded expenses or revenues. They are usually done at the end of the months.
Since accrual methods are the most preferred, they are done to make Financial statement achieve the objective of 'completeness'
Answer:
b. $80,000
Explanation:
The computation of the deferred portion of its provision for income taxes should be given below:
= $300,000 ÷ 3 years
= $100,000
Now
= 30% of $100,000 + 25% of $100,000 + 25% of $100,000
= $30,000 + $25,000 + $25,000
= $80,000
Therefore the option b is correct