Answer:
$27,333.33
Explanation:
The computation of the amount of income reported is shown below:
= Provided services to the customer + Payment received × number of months ÷ given number of months
= $25,000 + $12,000 × 7 months ÷ 36 months
= $25,000 + $2,333.33
= $27,333.33
The seven months is calculated from the June 1 to December 31. We assume the books are closed on December 31
Because of the last recession, many companies decreased financial donations but encouraged their employees to volunteer their times to corporate social initiatives and project.
This way, they can gain the public favor by putting it on their corporate social responsibility.
According to the profit and loss the partnership is liquidated, and the final distribution of partnership cash is made to the partners.
When a partnership is liquidated, how is the final distribution of partnership cash made to the partners? Which of the subsequent statements is actually concerning the accounting for a partnership going via liquidation? within a liquidation, all gains and losses are divided equally among some of the partners.
The partnership comes to a decision to liquidate, the property of the partnership is sold, liabilities are paid off, and any remaining coins are sent to the companions according to their capital account balances.
Liquidating distributions (coins or noncash) are a form of a return of capital. Any liquidating distribution you receive isn't always taxable to you until you recover the basis of your inventory. After the idea of your stock is reduced to zero, you ought to document the liquidating distribution as a capital advantage.
Learn more about partnership Liquidating here:brainly.com/question/24131354
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Answer:
The answer is $26,900
Explanation:
The interest payment on $175,000 principal is:
8% x $175,000
$14,000
At the end of each year, both principal and interest payment will be paid.
The total payment for December 31, Year 1 is $40,900. Meaning this contains both the principal and interest payment.
So in the light of the above, the principal out of this money will be:
Total amount paid minus interest paid.
$40,900 - $14,000
=$26,900
Answer:
97.2
Explanation:
The reason is that they want you to add 2012 from 2011 to get your answer of 9.65 then you would round up to 97 then add the .2.
