Answer:
- what amount should Dart report as total revenues?
B. $250,000
Explanation:
The option B is the answer because the others option are not part of revenues during the year to the single step income.
The recovery of accounts written off are not part of revenues, it's an adjustment to the allowance for uncollectible accounts.
Then, the Purchase discounts is not part of revenues either, this kind of discounts goes directly to the valuation of inventory and then to the cost of goods.
Answer: Opportunity cost of returning to college next year is $1,000,000.
Explanation: Opportunity cost is the cost of the next best alternative sacrificed or foregone. When the athlete chooses to join college he is sacrificing his income that could be earned from playing the game. The player has the option of playing for the minor league baseball team for $1,000,000 or for European professional football team for $500,000. The person thus has a choice between playing for the minor league baseball team (since it is the highest paying) or going to college. Thus the opportunity cost of going to college will be $1,000,000.
The equity investment ( sheridan )account on December 31, 2021 is $5,20,000
As per the fair value technique, equity Investments must be stated at the fair value of the funding at the date of reporting. In this situation there is no fair value, therefore fairness Investments ought to be mentioned at buy charge.
A fair fee is an anticipated charge at which an asset is offered or offered when both the client and seller freely agree on a fee. People and corporations may additionally compare modern-day marketplace value, growth ability, and replacement value to determine the fair price of an asset.
An equity investment is a cash that is invested in an organization by means of buying shares of that organization within the stock market. those shares are generally traded on a stock exchange.
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Answer:
May 1
Cash $4,350 (debit)
Common Stock $4,350(credit)
May 3
Equipment $1,055 (debit)
Accounts Payable $1,055 (credit)
May 13
Rent Expense $394 (debit)
Cash $394 (credit)
May 21
Accounts Receivable : Noble Corp $530 (debit)
Service Revenue $530 (credit)
Explanation:
Note that, When stockholders invest cash in exchange of common stock, we recognize the increase in assets of cash and also the increase in equity item common stocks.
Answer: Capitalized and bold
