true because the corporation has more money to spend
Answer:
Moonligh Bay Resorts will report a Non-current liability of $126 million
Explanation:
The question is to determine whether Moonlight Bay Resorts is to report an asset (current or non-current) or a liability (current or non-current) in its December 31st 2021 Balance Sheet
The step is to determine the classification of the items in the balance sheet
This is done as follows
Description Amount ($)
Total Deferred Tax liability (168 million + 120 million) 288 million
(Deferred tax liabilities related to
both current and non-current assets)
Total Deferred tax asset (102 million + 60 million) (162 million)
The net deferred tax liability 126 million
Since, under the International Financial Reporting Standards Deferred Tax Liability is a Non-current liability, it means <u>Moonligh Bay Resorts will report a Non-current liability of $126 million</u>
Answer:
The Journal entries are as follows:
(i) Manufacturing Overheads Account Dr. $900
To Accumulated Depreciation $300
To Cash account $100
To Utilities payable $500
(To record the expenses incurred)
(ii) Work in process inventory A/c ($1.50 × 450) Dr. $675
To Manufacturing Overhead $675
(To record the allocation of overhead at the predetermined rate of $1.50 per machine hour)
C) create customer interest
The country in which employers are required by law to contribute toward health insurance for their employees is "Germany".
<h3>
What is health insurance?</h3>
Health insurance is an agreement in which an insurer chooses to pay a portion or all of a person's medical expenses in exchange for a fee.
Some key features regarding the health insurance are-
- More precisely, health insurance often covers for the insured's medical, surgical, prescription medicine, and occasionally dental expenses.
- Health insurance can either repay the insured for illness or injury-related expenses or directly reimburse the care provider.
- Since 2010, this same Affordable Care Act has barred health insurers from denying coverage to individuals with preexisting diseases, and children under the age of 26 have been allowed to remain on their parents' health plan until they reach an age of 26.
- Medicare and the Children's Health Insurance Program is two governmental health insurance programs aimed at elderly people and children, respectively.
- Medicare also provides benefits to those with certain disabilities.
To know more about the health insurance, here
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SPJ4
