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3 years ago

It is the end of the year but not the end of the pay period. How will this affect the balance sheet?

Business

2 answers:

Nataliya [291]3 years ago

8 0

Answer:

This has no effect on the period-end balance sheet.

Explanation:

A statement of the assets, liabilities, and capital of a business or other organization at a particular point in time, detailing the balance of income and expenditure over the preceding period.

According to the question asked the balanced sheet was prepared before the pay period came so this effect will not affect the balance sheet.

Nataliya [291]3 years ago

6 0

Answer:

its liabilities will be increased because i took the test and the other 3 options were wrong.

Explanation:

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White Corporation, a closely held personal service corporation, has $150,000 of passive activity losses, $120,000 of active busi

LenKa [72]

Answer:

correct option is a.$0

Explanation:

given data

passive activity losses = $150,000

active business income = $120,000

portfolio income = $30,000

to find out

how much passive activity loss can White Corporation deduct

solution

as per given we know that here white corporation is a Personal Service Corporation

so that it is not deduct the passive loss against the portfolio income

so correct option is a.$0

3 0

3 years ago

Kahle Company has two support departments: Purchasing and Payroll. The Purchasing Department expense is $500,000 to process 50,0

allsm [11]

Answer: $15600

Explanation:

To calculate the amount of the Payroll Department's cost that is allocated to the Assembly Department goes thus:

First we need to calculate the allocation rate which will be:

= $300,000/25,000

= $12.

Then, the departmental cost will be:

= Payroll checks × Allocation rate

= 1,300 × $12

= $15,600.

Therefore, the amount of the Payroll Department's cost that is allocated to the Assembly Department is $15600.

3 0

2 years ago

Cahalane Corporation has provided the following data for its two most recent years of operation: Selling price per unit $ 91 Man

ankoles [38]

Answer:

A. The amount of fixed overhead deferred in inventories is $60,000

Explanation:

Unit product cost

Year 1 Year 2

Direct materials $12 $12

Direct labor $5 $5

Variable manufacturing

overhead $5 $5

Fixed overhead

$48 $36

($432,000 ÷ 9,000) ($432,000 ÷ 12,000)

unit product cost $70 $58

Fixed overhead deferred (1,000 × $48) $48,000

Fixed overhead released -$48000

Fixed overhead deferred (3000 × $36) $108,000

Net $48,000 $60,000

The amount of fixed overhead deferred in inventories is $60,000

8 0

3 years ago

Different companies across different industries adopt any one of the five generic strategies to gain competitive advantage.

enyata [817]

Answer:

c. An online retailer delivers organic groceries overnight.

Explanation:

As Different companies in different industries follow any one of the five general strategies to gain competitive advantage.

so The online retailer distributes organic groceries overnight, using a low-cost provider strategy. This is due to the intense competition in online retailing.

so correct option is c. An online retailer delivers organic groceries overnight.

6 0

3 years ago

On January 1, 2020, Hage Corporation granted incentive stock options to purchase 26,000 of its common shares at $7 each. The opt

malfutka [58]

Answer:

223,250 shares

Explanation:

proceeds from the exercise of options

= 26000 × 7 = 182,000

used to repurchase common stock at market price

182,000 ÷ 8 = 22,750

shares outstanding march 31, 2021

220,000

shares to be used in cal diluted EPS;

(26,000 - 22750) + 220,000 223,250‬

No. of Shares for computing Diluted Earning per share = 223,250 shares

5 0

3 years ago