Answer: e.controlling
Explanation:
Controlling is one of the functions of a manager. It entails ensuring that an organisation is still on track to achieve set out objectives and making necessary corrections if it isn't.
Other functions of a manager includes-
a.Planning - it involves the development of an organisation's goals. it involves strategizing on how to achieve goals set out by the organisation.
b.Directing - it involves putting patterns, resocurces in place to ensure goals are achieved.
c.Leading - it involves encouraging, correcting and assisting members of staffs in achieving organisation's goals.
Answer:
Requirement 1 :
Excel Motors should use the Equity method to account for its investment in Dynamic Motors, because the investment results in significant influence over the invested company.
Requirement 2 :
In the books of Excel Motors:
[ Kindly find the attachment ]
Answer:
Net Income
Cash basis $10,800
Accrual basis $20,500
Explanation:
Computation of Roma company’s first-year net income under both the cash basis and the accrual basis of accounting will be:
Cash basis Accrual basis
Revenue $39,000 $47,000
Expenses $28,200 $26,500
Net Income $10,800 $20,500
Cash paid $20,950
Add Prepaid cash $7,250
=$28,200
Therefore first-year net income cash basis will e $10,800 and accrual basis will be $20,500
Answer:
$16,500
Explanation:
The computation of the deferred income tax liability for the year 2021 is shown below:
= Amount not included in tax return × enacted tax rate for 2022 year
= $66,000 × 25%
= $16,500
Simply we multiplied the amount not included with the enacted tax rate for 2022 year so that the correct amount could come
And, we ignored the other information given in the question
