Answer: Option (b) is correct.
Explanation:
Economics:
Probability of placing it with a major publisher(pm) = 0.5 for selling(sm) = 40,000 copies
Probability of placing it with a smaller publisher(ps) = 0.8 for selling(ss) = 30,000 copies
Therefore,
Expected value (Economics) = pm × sm + pm(ps × ss)
= 0.5 × 40,000 + 0.5(0.8 × 30,000)
= 32,000 copies
Answer:
The correct answer is d) A deduction from net income in determining cash flows from operating activities.
Explanation:
To get net cash flow using the indirect method we must make adjustments to the net income.
It depends on the account if it is added or subtracted to net income.
In this case, an increase in available-for-sale securities due to an increase in their fair value should be reported as a deduction from net income.
Answer:
(B) Debit Depreciation expense and Credit Property Plant and Equipment
Explanation:
the depreciation is the accrued expense recognize for the effect on time on the firm's assets. There is no cash involve in a depreciation It is an accounting expense. So A and C cannot be coorect.
As the depreciation is an expense, it will be debited. not credited. so D is incorect as well.
The net income is a figure which resumes the expenses and revenues of the company. It is not an account thus, it can't be debited or credited. Making E incorrect as well.
Answer:
C) $100,000
Explanation:
Based on the information given we were told
that the inventory Purchased by Pilfer from
Scrooge was RESOLD to companies that they are unaffiliated to on December 1, 20X8 for the amount of $100,000 which means that the amount of sales that will be reported in the 20X8 CONSOLIDATED INCOME STATEMENT
will be inventory amount of $100,000 that was resold to the unaffiliated companies.
Yes, you do have to file a tax return
