Answer: option E -Corporation
Explanation:
Corporation is the most effective form of business organization for raising capital
The strategy that deals with product and process innovation and improvement is known as a R & D strategy.
R & D is also known as research and development, which means, they continue searching for a possible process or way to improve the current process.
Answer:
the proper recording of this liability each year from 2016 through 2018 under GAAP is $150,000.
Explanation:
since the first amount cannot be determinable now, we cannot record it as a liability.
After the settlement of the dispute by the customer and company outside the court the company should record the loss and a liability at an amount of $150,000 because it is certain and determinable now.
Answer:
Answer ; Pension Expenses : $7.5million
Explanation:
Calculation of amount that Harvey Hotels report as pension expense in its income statement for the year -
Particulars Explanation Amount
Service cost Given in the question $6.2 million
Add: Interest cost Given in the question $1.4 million
Less: Expected return on plan assets Given in the question $1.2 million
Add: Amortization of prior service cost Given in the question $1.1 million
Pension Expense ($6.2+$1.4-$1.2+$1.1)million $7.5 million
Hence, option - (B) is Correct.
