The amount of cash overage in the petty cash book as against the opening balance will be $0.85.
<h3>What is petty cash book?</h3>
A book, which has the chronological and systematic records of all the small and petty expenses and receipts of an organization, is known as a petty cash book.
The balance in petty cash book can be ascertained by the following method,
Hence, the petty cash book has an overage of $0.85 for the month of September.
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Answer:
The amount of investment income is $52,000
Explanation:
Assets of $690,000
Liabilities of $230,000
Spoon's assets were equal except for land, which had a fair value $108,000 more than book value, and equipment, which had a fair value $80,000 more than book value.
Net income of $68,000
Paid dividends of $34,000
Proportionate share of reported income
Share in income from investment = 68000 × 100% = $68,000
Depreciation on equipment = (80,000 ÷ 5) = ($16,000)
Amount of investment income = $68,000 - $16,000
= $52,000
An in-group bias. Because the boys are on the team, they think of themselves more highly than outside groups.
The way that the client is going to benefit from the use of Accenture's block chain technology is that it would have high security and also ensure transparency.
<h3>What is block chain technology?</h3>
This is a digital ledger that is known to store transactions in a way that is connected to a peer to peer network.
The block chain technology is one that is secure and it is alo transparent to all on the network.
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