Answer: Marginal Cost is gotten by taking the total change in the cost of producing more goods and dividing that by the change in the number of goods produced. .
This question does not make sense could you just write out the question?
Answer:
deduction = 0 in 2015
Deduction = $ 15000 in 2016
balance = $20000
it is carried forward to the year 2017
Explanation:
given data
partnership interest = $40,000
partnership loss = $35,000
partnership income = $15,000
to find out
How much may Kay deduct in 2015 and 2016
solution
we can say that Loss is adjust or deduct against Profit of Kay when it makes profit during a year
so as that Kay make loss in 2015 and no profits during that year to adjust those loses against
so deduction = 0 in 2015
but
in 2016
Kay income = $ 15000
Kay adjust loss of previous year against this income to extent of income available
so Deduction = $ 15000 in 2016
and after that
here balance after deducting the passive loss is
balance = $35000 - $15000
balance = $20000
it is carried forward to the year 2017
Answer:
B) false
Explanation:
A Journal Entry can be regarded as a
summary of both debits and credits of the transaction which is entered into the Journal.
For a journal entry with only two lines, ✓When there is increase in one of the Equity of the owner, then there will be decrease in Equity of the second owner.
✓ When there is an Increase in one Asset, there will be Decrease in a Liability.
Answer:
$210,200
Explanation:
The retained earning at the beginning of the year is $163,000
The cash dividend is $50,800
The net income is $98,000
Therefore the ending balance for retained earning can be calculated as follows
= 163,000+98,000-50,800
= 261,000-50800
= 210,200
Hence the ending balance for retainerd earnings is $210,200
