Answer:
Annual depreciation 2017= $54,000
Explanation:
Giving the following information:
The company purchased equipment on January 1, 2017, for $600,000. The residual value is $60,000 and the estimated useful life is 10 years.
Under the straight-line depreciation method, the annual depreciation is the same in all of the useful life. We need to use the following formula:
Annual depreciation= (original cost - salvage value)/estimated life (years)
Annual depreciation= (600,000 - 60,000)/10= $54,000
Answer:
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Yes. Now it is always tricky to do something right when everyone else is thinking at the opposite side. There will be times when you are asked to conform to everyone's decision however you know deep in your heart it is not the right thing to do. So do whatever your heart tells you.
Answer:
EXPLAINING STRESSFUL EVENTS BY ATTRIBUTING THEM TO A TEMPORARY SITUATION.
Explanation:
Attribution theory deals with how the social perceiver uses information to arrive at causal explanations for events. It examines what information is gathered and how it is combined to form a causal judgment.
Explanatory style is the characteristic, habitual way individuals explain the causes of good and bad events they experience.
Stressful events can either be good or bad. People may attribute stressful events to factors that are either temporary or permanent and specific or universal.
Carmela's thought means she is explaining her stressful work (event) by attributing it to a temporary situation since she thinks she will get the hang of it in a few months.
Therefore, an example of the explanatory style is EXPLAINING STRESSFUL EVENTS BY ATTRIBUTING THEM TO TEMPORARY EVENTS.
Answer:
a. Ending cash balance
You can find the ending cash balance in both the balance sheet and the statement of cash flows.
b. Adjustments to reconcile net income to net cash provided by operations
You can find this information in the statement of cash flows (under cash flows from operating activities).
c. Common stock
You can find this information in the balance sheet and the statement of stockholders' equity.
d. Total assets
You can find this information in the balance sheet
e. Net income
You can find this information in the income statement and the statement of cash flows (under cash flows from operating activities).
f. Revenue
You can find this information in the income statement.
g. Income tax payable
You can find this information in the balance sheet. Total income tax liability can be found int he income statement but it doesn't show us the unpaid amount. Also, the statement of cash flows shows us how this account changes from one year to the next.
