Pat shopped at Target for new summer shorts. After trying on three different brands and price comparing, he decided to buy the D
1 answer:
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Answer:
Explanation:
In the classified balance sheet, we summarize the asset and liabilities into various types
Like assets are divided into fixed assets, current assets, and intangible assets.
Likewise, liabilities are also divided into current liabilities, long term liabilities
In every balance sheet, the accounting equation is used that means
Total assets = Total liabilities + Shareholder equity
The preparation of the classified balance sheet for Evan McGruder, Inc. on June 30, Year 3 is presented in the spreadsheet. Kindly find the attachment below:
Answer:
$24,750
Explanation:
The computation of the account billing cost assigned to department B is shown below;
Computation of the activity rate of account billing cost pool
Activity rate = Account billing cost ÷ Expected account billing lines
= $220,000 ÷ 4,000,000
= $0.055 per line
Now Calculation for account billing cost assigned to department B is
Cost assigned = Activity rate × Activity of Department B
= $0.055 × 450,000
= $24,750
