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3 years ago

Listed below are accounts that appear in financial statements.

Business

1 answer:

Kobotan [32]3 years ago

7 0

Answer:

Dividends - Statement of Changes in Retained Earning

Dividends are payments to shareholders from a company's net income. They are derived from the Statement of Changes in Retained Earning because this is where Net Income is sent to. After they are deducted from Retained Earnings, the Earnings form part of Equity.

Differed Revenue - Balance Sheet

Differed Revenue refers to money that was received from a customer or client for goods and/or services that have not yet been delivered. The business will treat them as a liability until they are delivered so they will go under Current Liabilities in the Balance Sheet assuming they are to be fulfilled in 12 months or less which is usually the case.

Service Revenue - Income Statement

These are revenue that the business earns for providing a service when their main source of revenue is by selling goods. It is listed in the Income Statement just after Revenue and is added to Revenue to get Total Revenue.

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Roland Company uses special strapping equipment in its packaging business. The equipment was purchased in January 2016 for $10,0

Anuta_ua [19.1K]

Answer:

Consider the following calculations

Explanation:

Answer:(a) Carrying value of asset: $10,000,000 - $2,500,000 = $7,500,000.

($10,000,000 ÷ 8) x 2 = $2,500,000

Future cash flows $6,300,000

Carrying value $7,500,000

Impairment entry:

Loss on Impairment A/C Dr. $1,900,000

To Accumulated Depreciation A/C $ 1,900,000

(7,500,000 - 5,600,000 = 1,900,000)

(b) Depreciation Expense A/C Dr. $ 1,400,000

To Accumulated Depreciation A/C $ 1,400,000

($5600000/4=$1400000)

(c ) No depreciation is recorded on impaired assets to be disposed of.

Recovery of impairment losses are recorded.

Loss on Impairment A/c Dr. $1,900,000

To Accumulated Depreciation A/C $ 1,900,000

12/31/2015 Accumulated Depreciation A/C Dr. $ 300,000

To Recovery of Impairment Loss A/C $ 300,000

5 0

3 years ago

A cost estimation tool which is used to allocate money into an organization’s budget is known as a _____ estimate. a. ballpark b

xenn [34]

Answer:

B. Budgetary.

Explanation:

They are used to do that because the range of variance could be from -10% to +20%.

Although this, it is not accurate enough to provide a solid basis for a firm commitment because it only represents an approximation of what is need to be done.

I hope this answer helps you.

5 0

3 years ago

Read 2 more answers

The operational improvement cycle is referred to as the: a. 5S cycle b. FMEA cycle c. DMAIC cycle d. Generate - Integrate - Inte

Dimas [21]

Answer:

The operational improvement cycle is referred to as the:

c. DMAIC cycle

Explanation:

The DMAIC cycle involves continuous operational improvement. The 'D' stands for 'to define' the process. The 'M' stands for ' to measure' or quantify the performance process. The 'A' stands for ' to analyze' performance to determine root causes. The 'I' stands for 'to improve; the process. The 'C' stands for control to achieve benefits. These processes are the Sigma Six improvement processes that have been proven to yield improved organizational processes.

3 0

3 years ago

Explain the history of the country’s economy of cuba

butalik [34]

Answer:

The economy of Cuba is a largely planned economy dominated by state-run enterprises.The country's economy had grown rapidly in the early part of the century, However, from 1996, the State started to impose income taxes on self-employed Cubans.

Explanation:

5 0

3 years ago

On January 2, 2014, Indian River Groves began construction of a new citrus processing plant. The automated plant was finished an

9966 [12]

Answer:

the expenditures are missing, so I looked for a similar question:

1/2/2014 $400,000
7/1/2014 $1,200,000
12/31/2014 $1,200,000
3/31/2015 $1,200,000
9/30/2015 $800,000

Weighted average expenditures for 2014:

January 1 = $400,000 x 1 = $400,000

July 1 = $1,200,000 x 1/6 = $600,000

December 31 = $1,200,000 x 0 = $0

total = $1,000,000

Since the company borrowed $2,200,000 specifically for this construction project, then capitalized interests = $1,000,000 x 12% = $120,000

7 0

3 years ago