Answer:
Explained below:
Explanation:
The equity method of accounting is the method of producing investments in other companies. If a company invests in another corporation and holds 20 to 50 % share of the particular corporation and hence has a notable impact on the latter's administration then the investor (company) should apply the equity method of accounting to this investment and reports such investments on its balance sheet as an asset..
Answer:
markup 200% over cost
selling price 75 dollars
Explanation:
investment 500,000
return on investment : 10%
500,000 x 10% = 50,000
units producted: 1,000
markup per unit: 50,000 / 1,000 = 50 dollar
the markup will be: 25 * X = 50
X = 2 = 200%
selling price: 25 + 50 = 75
75
Answer:
child care
Explanation:
FSA is a special account you put money into that you use to pay for certain out-of-pocket health care costs
The practice of creating a liability when a company incurs an expense that cannot be directly linked to a specific accounting period most likely refers to companies may recognize such expenses in periods during which profits are high, as they can afford to take the hit to income, with a view to reducing the liability (the reserve) in future periods during which the company may struggle.
A liability is something that an individual or company owes, usually a monetary amount. Liabilities are settled over time by the transfer of economic benefits, including money, goods, or services.
Current liabilities are short-term financial obligations of a company that matures within one year or within the normal business cycle. The operating cycle, also known as the cash conversion cycle, is the time it takes a company to purchase inventory and convert sales into cash.
In general, mitigating the risk of legal liability requires acting lawfully and taking clear responsibility for the well-being of others (groups that include customers or clients, competitors, and the general public).
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