Hard question thx for the points give me brainlest points plz plz
Answer:
Pension funds are contribution set aside by employers paid into a Pension Fund Administration (PFA) company for the purpose of retirement.
Explanation:
Pension funds are monies credited into the Individual Retirement Savings (IRS) Account by the employer, with a focus on providing financial comfort to the employees at retirement.
Answer:
a. Fair Value Adjustment 28,000 Unrealized Holding Gain or Loss-Income 28,000
Explanation:
The journal entry is as follows
On December 31, 2018
Fair Value Adjustment A/c Dr
To Unrealized Holding Gain or Loss-Income A/c
(Being the unrealized holding gain or loss is recorded)
The computation is shown below:
= Valued of an equity portfolio - cost - debit balance of securities fair value
= $160,000 - $132,000 - $8,000
= $20,000
Answer:
(a) The Statement of cash flow
Explanation:
Income is ceaseless procedure where no vital vision is required. Since to run everyday activities you have to deal with the income so you can maintain your business admirably and productively.
While for The statement of purpose, company's degree, articulation of corporate goals and organization's systems you should have vital arranging since it will show the region where corporate will run in future.
Answer:
1. The depletion for 2021 is $1,028,000
.
2. No, depletion is not considered part of the product cost and isnt included in the cost of inventory
Explanation:
1. Depletion per ton = $4280000/1070000
= $4 per ton
Depletion for 2021 = 257000 tons*$4
= $1,028,000
Therefore, The depletion for 2021 is $1,028,000
.
2. Depletion is not considered as part of product cost, It is shown as expense on income statement and reduced from the value of natural resource and so it is equivalent to depreciation of assets.
Therefore, No, depletion is not considered part of the product cost and isnt included in the cost of inventory
