Answer:
Inductive reasoning
Explanation:
This type of reasoning is considering generalization that is formed and based on some previous experiences and with that previous experiences the observation that is made is forming an inductive reasoning.
In this case, the person met many of them who says that their favorite pizza is pepperoni and then every time that someone say that they love pizza, this person will think of pepperoni pizza because of the previous experiences that caused those observations.
Answer:
Dr Loss on Impairment $15,520.00
Cr Maturity Debt Securities $15,520.00
Explanation:
Preparation of the journal entry to record the impairment.
Journal entry
Sep. 30
Dr Loss on Impairment $15,520.00
Cr Maturity Debt Securities $15,520.00
($38,500-$22,980=$15,520)
(To record the impairment)
Answer:
Explanation:
The journal entry is shown below:
Income tax expense A/c Dr $30,035,000
To Deferred tax asset A/c $35,000
To Income tax payable A/c $30,000,000
(Being the income tax expense is recorded)
The computation is shown below:
For deferred tax asset:
= Deferred tax rate - Warrant liability × tax rate
= $435,000 - $1,000,000 × 40%
= $435,000 - $400,000
= $35,000
For income tax payable:
= Taxable income × tax rate
= $75,000,000 × 40%
= $30,000,000
Answer:
the remaining budget for other expenses = 1/8 of the total budget
Explanation:
Since the city's administrative personnel expenses are 1/8 larger than both maintenance expenses and safety expenses, it means that safety expenses are equal to maintenance expenses.
Since maintenance expenses are 1/4 of the total budget, safety expenses are also 1/4 of the total budget.
Administrative personnel expenses are 1/8 higher, so that means that they equal 1/4 + 1/8 of the total expenses.
If we add the three categories = 1/4 + 1/4 + (1/4 + 1/8) = 7/8
So the remaining budget for other expenses = 1 - 7/8 = 1/8 of the total budget
