Answer:
$320,000
Explanation:
Since the season starts in January and lasts until June, by April 30 the balance of the deferred revenue (or unearned revenue account) would be = $960,000 - {($960,000 / 6) x 4} = $960,000 - $640,000 = $320,000
The journal entries should be:
Accumulated tickets until December 31
Dr Cash 960,000
Cr Deferred (Unearned) revenue 960,000
By April 30th, the adjusting entry should be:
Dr Deferred (Unearned) revenue 640,000
Cr Ticket revenue 640,000
Answer:
Land A/c Dr $3,360,000
To Common stock A/c $2,400,000
To Additional paid in capital - in excess of par - common stock A/c $960,000
(Being the exchange transaction is recorded)
Explanation:
The journal entry is shown below:
Land A/c Dr $3,360,000
To Common stock A/c $2,400,000
To Additional paid in capital - in excess of par - common stock A/c $960,000
(Being the exchange transaction is recorded)
The computation is shown below:
For land
= 30,000 shares × $112
= $3,360,000
For Common stock
= 30,000 shares × $80
= $2,4000,000
And, the remaining balance is credited to the additional paid in capital account
Answer and Explanation:
The classification is as follows
1. current liability
2. current liability
3. Current assets
4. Non current asset or fixed asset
5. Current asset
6. Stockholder equity
7. Non current asset or fixed asset
8. Current liability
9. Non currnet asset or fixed asset
10 Current liability
11 Stockholder equity
12 Current asset
13 Current liability
During Commercialization the firm gear up for full-scale production, distribution, and promotions.
The lifespan of a product is known as its life cycle. It starts during the product's development and concludes when it has been taken off the market. The process a product goes through from the time it is first introduced to the market until it decreases or is removed from the market is known as the product life cycle. Introduction, growth, maturity, and decline are the four phases of the product life cycle.
Commercialization is the final stage in the process where the new product will be introduced, full scale, to the market.
To know more about Product life cycle refer:
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Answer:
Operating activities
Investing activities
Financing activities
Explanation:
The Statement of Cash Flow is divided into three sections: operating activities, investing activities and financing activities.
- Operating Activities: cash flows from operating activities details flows arising from the normal and regular business operating of the company. It includes items such as cash-based revenue, cash-based expenses, changes in working capital, etc.
- Investing Activities: cash flow from investing activities details flows spent on investment assets or earned from sale of investment assets. It includes cash spent on acquiring new plant and machinery, as well as cash realized from the sale of existing assets.
- Financing Activities: cash flows from financing activities details cash realized from capital providers as well as returns to them. It includes flows from new equity and debt issuance, dividends and interests paid to capital providers, etc.
