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rjkz [21]
4 years ago
9

Included in Waterway Company’s December 31, 2017, trial balance are the following accounts: Accounts Payable $221,600, Pension L

iability $384,400, Discount on Bonds Payable $32,700, Unearned Rent Revenue $41,100, Bonds Payable $400,600, Salaries and Wages Payable $31,600, Interest Payable $12,040, and Income Taxes Payable $29,480. Prepare the current liabilities section of the balance sheet.
Business
1 answer:
FinnZ [79.3K]4 years ago
7 0

Answer:

Total Current liabilities = $336,120

Explanation:

The preparation of the current liabilities section of the balance sheet is shown below:-

Current Liabilities

Accounts payable                           $221,600

Add: Unearned rent revenue        $41,400

Add: Salaries and wages payable $31,600

Add: Interest payable                      $12,040

Add: Income tax payable                $29,480

Total Current liabilities               $336,120

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An appeals court feels that a lower court has made an incorrect judgment concerning a civil law case. Which of the following wou
gayaneshka [121]

Answer:

The correct answer is letter "D": The appellate court found a mistake of law that occurred during the initial trial.

Explanation:

A remand is a procedure in which a court sends a case to a lower court after a judgment has been given. <em>A reconsideration of the case is to be provided presuming there has been a mistake of law</em> in the final decision already dictated. In such cases a new trial is held, the facts are reviewed one more time and additional evidence is accepted to finally modify or correct the judgment.

3 0
3 years ago
Materials used by the Instrument Division of T_Kong Industries are currently purchased from outside suppliers at a cost of $175
just olya [345]

Answer:

$2,650,000

Explanation:

For Instrument Division:

Increase in Income per unit:

= Existing Purchase Price - New Purchase Cost (Transfer price)

= $175 - $148

= $27

Total Savings/Increase in Income:

= Number of units × Increase in Income per unit

= 50,000 × $27

= $1,350,000

For Components Division:

Increase in Income per unit:

= Sales or transfer price - Variable Cost

= $148 - $122

= $26

Total Savings/Increase in Income:

= Number of units × Increase in Income per unit

= 50,000 × $26

= $1,300,000

Therefore, the total income from operations increase is as follows:

= Instrument division increase in income + Component division increase in income

= $1,350,000 + $1,300,000

= $2,650,000

8 0
4 years ago
Using an example, explain the relationship between human resources and business objectives.
Phoenix [80]

Answer:

Human resources are critical in achieving business objectives. The humans carry out the actions and strategies to achieve business objectives. An example would be a baseball team needing players to achieve its goals.

Explanation:

6 0
3 years ago
Last year, J&amp;H Corp. reported a book value of exist700 million in current assets, of which 15% is cash, 17% is short-term In
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Complete Question

The  complete question is shown on the first uploaded image

Answer:

The  correct stalemates are

The company is using -$14 million in net operating working capital  

acquired by investor supplied funds.

Based on the information on industry averages , other players in the industry

would generate higher profits than J&H Corp , if they had no debt and  

held no financial assets

Explanation:

The  calculation is shown on the second and third uploaded image

8 0
4 years ago
What payment option is not accepted online
skad [1K]

Answer:

Is there any options? if not, I think the answer is

Explanation:

Bitcoin

7 0
4 years ago
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