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Alona [7]
3 years ago
11

Sujo Ltd. commenced operations in early 2019. The company incurred HK$60,000,000 of costs such as fees to underwriters, legal fe

es, governmental fees, and promotional expenditures during its formation. Prepare journal entries to record the HK$60,000,000 expenditure and 2019 amortization, if any.
Business
1 answer:
love history [14]3 years ago
3 0

Answer:

Explanation:

Dr Organization Expense 60mill

Cr Cash                                       60mill

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mental and emotional disorders, health and behavioral problems, relationship issues

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In a bad news message the reasons for the decision
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should be long and roundabout to cushion the negative aspects

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3 years ago
The performance of personal and business investments is measured as a percentage called "return on investment." What type of var
emmainna [20.7K]

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ROI (Return on Investment) measures the gain or loss generated on an investment relative to the amount of money invested.

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3 years ago
Income Statement Sections During the current year, David Corporation sold a segment of its business at a gain of $210,000. Until
Montano1993 [528]

Answer:

Answer is given below.

Explanation:

-Income from Continuing Operation                                  700000

-Discontinued Operations  

-Loss from operations of                                        60000

discontinued segment (75000*80%)  

-Gain on disposal of discontinued                         168000           108000

segment (210000*80%)

-Net Income                                                                             808000

8 0
3 years ago
Which of the following statements are true? A direct cost is sometimes referred to as a common cost. A regional sales manager's
RoseWind [281]

Answer:

The correct answers are the following options: A regional sales manager's salary is a direct cost of the regional office in which the sales manager works - A direct cost can be easily and conveniently traced to a specific cost object.

Explanation:

On the one hand, the name of <em>"direct costs"</em> is refered to the ones that would be directly related to a cost object, therefore that these costs are easily recognizable to the person who manages the costs due to the fact that those will be the ones that are strictly referable to the object.

On the other hand, the <em>"indirect costs"</em> are the ones that have the characteristics of being the oppositive of the direct costs. Therefore that these type of costs are the ones that would not be easily referable to a cost object.

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3 years ago
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