Answer:
$15,000 gain
Explanation:
Assets with a value of $225,000
Remaining asset (cash) to Ula ($25,000)
Purple liabilities ($60,000)
Balance $140,000
Balance Brought forward $140,000
Remaining asset (cash) to Ula $25,000
Ula purchased stock ($150,000)
Balance $15,000 gain
Or
$225,000-$25,000-$60,000=$140,000+$25,000-$150,000=$15,000 gain
Therefore we have $15,000 gain.
Answer:
CITY OF SOUTH RIVER
APPROPRIATION (appr), EXPENDITURES (expend), AND ENCUMBRANCES (encum) LEDGER
GENERAL FUND: PUBLIC SAFETY - POLICE
MONTH: JULY, 2020
Tran
- Refer - App - Encum - Expend - Unexpended App Balance
1 Budget -8706000 - - 8706000
2 Purchase
Orders
issued - 533000 - 8173000
3 Invoice
received and
approved for
payment - -496000 486000 8183000
4 Payrolls - - 302000 7881000
5 Budget
Revision 58000 - - 7823000
Total 8648000 37000 788000 7823000
Answer:
$3,210.94
Explanation:
The NOPAT of the Edwards electronics can be determined through the following mentioned method.
Sales: $11,250
Operating costs: ($5,500)
Depreciation: ($1,250)
Interest payment ($218.75)
($3,500*6.25%)
Profit before tax $4,281.25
Taxes(25%) ($1,070.31)
NOPAT $3,210.94
Answer:
A. Yes
B. $170,000
Explanation:
A. Yes For consolidation purposes, the direction of the transfers for either upstream or downstream does affect the balances to be reported here reason been that when calculating the noncontrolling interest balances in a situation where it is present we have to taken into consideration the deferral of unrealized gross profits on upstream sales where Downstream on the other hand are assigned to the parent in which they will be viewed as if they have no any impact on the outside interest.
B. Preparation of a consolidated income statement for the year ending December 31, 2018
AKRON, INC. AND CONSOLIDATED SUBSIDIARY
Income Statement Year Ending December 31, 2018
Sales $1,380,000
[1,100,000+(600,000-320,000)
Less Cost of goods sold ($575,000)
(500,000+50,000+15,000)
Gross profit $805,000
($1,380,000-$1,380,000)
Operating expenses 635,000
(400,000+220,000+15,000)
Consolidated net income $170,000
($805,000-635,000)
Therefore Consolidated net income will be $170,000
The amount that Carlos can deduct for rent in the year 2021, based on his annual rent is <u>c.$1,000.</u>
<h3>Rent in 2021</h3>
When recording rent, you can only record it for the period that the financial statement is for.
The rent given is for 18 months from December 2021 which means that it will be for only a single month in December.
The rent will therefore be a rental amount for a month:
= Rental amount / Number of months
= $18,000 / 18
= $1,000
In conclusion, option C is correct.
Find out more on prepaid rent at brainly.com/question/1079277.