Answer: Partnership:
Can be easier to raise funds
Required sharing of profits
Is owned by two or more people
Sole proprietorship:
Is owned by a single person
Is easiest to start
Includes 75% of all US businesses
Explanation: I got it right on the quiz
Answer and Explanation:
The number of topics for merger and acquisition:
⇒ It's ASC 805
The specific topic amount for related party revelations:
⇒ It's ASC 850
The subject, subtopic, as well as section amount for initial internal-use software assessment:
⇒ It's ASC 350–40–30
"Intangibles – Goodwill as well as Other – Internal – utilization Software – Initial Calculation".
Again for corresponding calculation of asset retirement responsibilities, the subject, specific topic as well as segment quantity:
⇒ It's ASC 410–20–35 FASB
The subject, specific topic, as well as segment quantity for stock recompense identification:
⇒ ASC 718-10–25 FASB
Answer:
Units Produced in the month of March: 10,810 Units
Explanation:
Production for the month of march can be estimated using the following formula:
Productions units for the month of March = Projected Sales for the month + 10% of the following months's sales as ending inventory - Opening Inventory
Units Produced for the month Units
Projected Sales for the month 10,500
Add: 10% of the following month's sales as ending inventory 1,360
(13,600 x 10%)
Less: Opening inventory (1,050)
Units produced for the month of March 10,810
Answer:
c. 48,000
Explanation:
The amount charges is based off of the total sales figure and the current year sales percentage.
We can calculate the current year's charge as follows,
Charge = (120,000 / 800,000) * 320,000
= $48,000
Whwre, 800,000 is the total sales figure (120,000 + 680,000).
Hopw that helps.