<u>Calculation of amount of stockholders' equity at the end of the year:</u>
At the beginning of the year, Morales Company had total assets of $816,000 and total assets increased $178,000 during the year, hence Total Assets at the end of the year shall be 816000+178000 = $994,000
At the beginning of the year, Morales Company had total liabilities of $526,000 and total liabilities decreased $82,000 during the year. Hence Total Liabilities at the end of the year shall be 526000-82000 = $444,000
Now we can calculate amount of stockholders' equity at the end of the year as follows:
Equity = Assets – Liabilities
= 994,000-444,000
= $550,000
Hence, the amount of stockholders' equity at the end of the year shall be <u>$550,000</u>
B. The method of charging their clients
Is is responsible and ethical to make money off your clients even if their investments that you are responsible for are not doing well and are losing money?
Hi there
First find the book value of the truck
Book value=
Cost-accumulated depreciation
36,000−30,000
=6,000
disposed of for $5,000 cash
Book value 6000
So the answer is
Loss of 1000 (5000-6000)
Good luck!
The aspect of analyzing teamwork is Chi-Ling using is authority differentiation. Thus the option 3rd is correct.
<h3 /><h3>What is Authority?</h3>
Authority refers to the power access by the individual or the government over the others. The authoritative person can make the decisions regarding the various sectors and make his subordinates to work in his accord.
The Chi ling has divided the work of the accounting and marketing between his employees and made the head of the department. Thus this concept of analyzing the teamwork is known as authority differentiation.
The authority of the both the employees Connor and Manami is well defines they both will looking after their filed and are free to take decisions on their department.
Learn more about teamwork here:
brainly.com/question/18869410
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Answer: Not required to be accounted for by the short-cut method if using IFRS.
Explanation:
A Short term Lease is one where a person or entity is granted the legal use of a space for a small period of time which is a year or less.
In calculating this, the Sixteenth International Financial Reporting Standards, IFRS 16, states that a Short Term lease may be charged directly to a Profit and Loss account.
It does not approve the use of the Shortcut method which is a qualitative measure of analysis that is ONLY approved under the US Accounting system (GAAP) and even then is not widely used.
