Explanation:
The adjusting journal entry is presented below:
On September 30
Unearned ticket revenue A/c Dr $75,000
To Ticket revenue A/c $75,000
(Being the unearned ticked revenue is recorded)
The computation is shown below:
= Season tickets sale value × number of games ÷ given number of gains
= $200,000 × 3 games ÷ 8 games
= $75,000
it contains four elements:<span>
<span>the product or service </span>
<span>the customer </span>
the benefit
<span>the distribution</span></span>
Answer:
I am unsure of this answer
Explanation:
yes
Answer:
$7,000
Explanation:
the partnership's net income = $160,000 - $100,000 - $24,000 - $28,000 = $8,000
since net income is divided equally among the 4 partners, then each partner is allocated $2,000
Kellie's capital account = $5,000 + $2,000 (her share of profits) = $7,000
if she withdraws more than $7,000, then she should report a gain in excess of basis
The amount subsequently paid to them best exemplifies vacancy cost
- Job costing is often used by companies that produce a one of a kind, custom-ordered products, or mostly small set of different products. firms use job costing when their products or services differs in when looking at material needed, time required to complete the job, and/or complexity of production
- The amount paid to them is vacancy cost, because they are doing the work another staff is supposed to do.
Conclusively, we can say that the amount subsequently paid to them best exemplifies vacancy cost
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