Answer:
The correct answer is B
Explanation:
The amount of equity earnings will be computed as:
Amount of earnings = Frankfort share in net Income of Bradley × Bradley Net Income
where
Frankfort share is 40%
Net Income of Bradley amounts to $1,680,000
Putting the values above in the amount of earnings:
= 40% share × $1,680,000
= $672,000
Therefore, the option B is correct.
Either way, there will be an overdraft. the beginning balance is $20 add to it $50 and the total balance is $70. When the two checks totaling $75 are posted to the account, The account will be in the negative whether the checks post before or after the deposit. Before the deposit, the account will be overdrafted $55 if the checks post after the deposit, there will be an overdraft of $5. So, the answer to both questions is yes.
shmrock corporation recorded a right-of-use asset for 187,600 as a result of a finanec lease
<h3>What is
lease?</h3>
A lease is a contract that requires the user to pay the owner for the use of an asset. Property, buildings, and vehicles are examples of leased assets. Leasing is also used for industrial or commercial equipment. A lease agreement is essentially a contract between two parties: the lessor and the lessee.
The primary distinction between a lease and a rent agreement is the length of time they cover. A rental agreement is typically for a short period of time (usually 30 days), whereas a lease contract is for a longer period of time (usually 12 months, though 6 and 18-month contracts are also common).
Finance leasing, operating leasing, and contract hire are the three main types of leasing.
To know more about lease follow the link:
brainly.com/question/24460932
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Answer:
The amount of real property taxes that Elaine is allowed to deduct for year 1 is $7150.
Explanation:
Elaine started living in the new home from July, which means that she has been living there for 6 months ( as per current date). But at the time when she purchased the house the total amount of property tax was $13,300 and now it is $14,300.
Since last 6 months she has been living in that home, and current property tax is $14,300 , that means now she is allowed a 50% deduction on the property taxes ,
$14,300 / 2 = $7150
Therefore Elaine is allowed $7150 as amount of deduction on property tax.
