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geniusboy [140]
2 years ago
7

Paper Corporation owns 75 percent of Scissor Company's stock. On July 1, 20X8, Paper sold a building to Scissor for $33,000. Pap

er had purchased this building on January 1, 20X6, for $36,000. The building's original eight-year estimated total economic life remains unchanged. Both companies use straight-line depreciation. The building's residual value is considered negligible. Based on the information provided, in the preparation of the 20X9 consolidated income statement, depreciation expense will be:
Business
1 answer:
Kazeer [188]2 years ago
3 0

The depreciation expense will be credited for $750 in the consolidating entries while preparing the 20X8 consolidated income statement,

<h3>What is the depreciation expense?</h3>

This refers to the cost of an asset that has been depreciated for a single period such as in that year.

Depreciation expense = Cost  - Salvage value / Useful life

Depreciation expense = $36,000 - $33,000 / (2 years (semi-annual charges)

Depreciation expense = $3,000 / 4

Depreciation expense = $750

Therefore, the depreciation expense will be credited for $750 in the consolidating entries while preparing the 20X8 consolidated income statement,

Read more about depreciation expense

<em>brainly.com/question/25785586</em>

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Delvig [45]

Pricing objectives should be stated explicitly, stated in measurable terms, and specify they have a direct effect on pricing policies as well as price setting methods.

The pricing techniques are developing, skimming, and following. develop: putting a low price, leaving a maximum of the fee in the palms of your clients, shutting off margin out of your competition.

A pricing policy is an organization's method of determining the fee at which it offers a good or provider to the market. Pricing guidelines assist organizations to ensure they continue to be profitable and supply them with the ability to price separate products otherwise. A business enterprise gives up instantaneous earnings in trade for accomplishing a higher market proportion. merchandise is priced low. Pricing objective: Maximising current profit. objectives may be set and overall performance measured speedy.

Disclaimer: your question is incomplete, please see below for complete question

A. they have a direct effect on pricing policies as well as price setting methods.

B. they are signals given to competing firms.

C. they form the basis of shareholder expectations about a firm's prospects.

D. it is required by law.

E. they are signals given to consumers.

Hence, the answer is option A.

Learn more about Pricing objectives here:-brainly.com/question/20927491

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8 0
1 year ago
Which set of goals can at times conflict in the short run
kondor19780726 [428]
Correct Answer : C; High employment and price level stability.
7 0
3 years ago
Kenji has had an illness and an accident during the year. His combined out-of-pocket expense for both incidents was $1,000. The
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Answer:

b. Deductible

Explanation:

Since in the question it is mentioned that Kenji who had an illness and had an accident during the year also the combined out of pocket expenses is $1,000.

So this $1,000 represent the deductible

hence, the correct option is b.

And the other options are wrong

Therefore the same is to be considered

7 0
2 years ago
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increased anti-labour and anti-immigrant sentiment and suspicion of the international anarchist movement

Causes:

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