1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
blondinia [14]
3 years ago
9

Amortization related to overvalued equipment Select one: A. increases consolidated net income. B. increases the parent's reporte

d net income under the equity method. C. increases consolidated expenses. D. Both A and B are correct.
Business
1 answer:
Kruka [31]3 years ago
4 0

Answer: D. Both A and B are correct.

Explanation: Amortization is the reduction or paying off debt over time in a series of payments of interest and principal sufficient to repay the loan in full by its maturity date.  As an accounting technique, it is used to periodically lower the book value of a loan or intangible asset over a period of time. Amortization related to overvalued equipment increases consolidated net income and under the equity method (a method used in the valuation of a firm's investment in another when it holds significant influence over the firm being invested in), it increases the parent's reported net income.

You might be interested in
An intangible benefit is called a <br><br> a) commodity<br> b) Service<br> c) market<br> d) goods
Dennis_Churaev [7]

A

Explanation:

using the internet and the process of elimination, A is your answer

7 0
3 years ago
Read 2 more answers
A firm has redesigned its production process so that it now takes 10 hours for a unit to be made. Using the old process, it took
Citrus2011 [14]

Answer:

Reduction in work in progress = $7500

Explanation:

given data

time = 10 hours

time = 15 hours

worth  = $1,500

to find out

reduction in work in process value

solution

we find work in progress   by this formula

work in progress  = Flow rate  × Cycle Time     .......................1

so Initial work in progress is

Initial work in progress   = (1 per hour)  × 10 hours = 10

and Final work in progress is here

Final work in progress   = (1 per hour) × 15 hours = 15

so

Initial work in progress   value = 10  × 1500

Initial work in progress   value= $15000

and

Final work in progress    value =15  × 1500

Final work in progress    value = $22500

so

Reduction in work in progress = $22500 - $15000

Reduction in work in progress = $7500

4 0
3 years ago
The primary purpose of the trial balance is to: 1.prove the equality of the debit and credit amounts after posting. 2.transfer j
coldgirl [10]

Answer:

1.prove the equality of the debit and credit amounts after posting.

Explanation:

There are two columns in the trial balance, called debit columns and columns of credit. The total columns of debit and credit should always equaled. The debit columns report assets and expenditures side while profits, stockholder equity, and the liability side are reported in the credit column.

Its main purpose to equate and the prove the both side of the columns after posting of transactions

8 0
4 years ago
Which is not one of the five basic elements of aâ paragraph?
Oduvanchick [21]
The Five Basic Elements of a Paragraph:

1. Unity

2. Development 

3. Audience 

4. Organization

5. Topic Sentence

Answer: A. Spelling

hope this helps!

3 0
3 years ago
The neoclassical view holds that long-term expansion of potential GDP due to _______________________ will determine ____________
boyakko [2]

Answer:

1.  economic growth;

2.  the size of the economy

Explanation:

According to the neoclassical standpoint on issues relating to macroeconomics, it is believed that, over a long period of time, the economy will vary around its potential GDP and its natural rate of unemployment.

Therefore, the size of the economy is defined by potential GDP, and wages and prices will adjust in an intelligent manner so that the economy will move back to its potential GDP level of output.

Hence, The neoclassical view holds that long-term expansion of potential GDP due to ECONOMIC GROWTH will determine THE SIZE OF THE ECONOMY

4 0
3 years ago
Other questions:
  • For a cost to be considered allocable to a contract, it must be a cost that is incurred specifically for a contract, or a cost t
    6·1 answer
  • The Mixing Department of Tasty Foods has 50,000 equivalent units of materials and 36,000 equivalent units of conversion costs fo
    13·1 answer
  • What is quantity control?
    6·1 answer
  • Ways to improve upward communication flow include all but which of the following: a. Anonymous feedback to management b. Ombudsm
    10·1 answer
  • HURRY On Monday, Monahan accepts a job at Acme for $50,000 per year. He is to begin work on Friday. On Tuesday, Acme informs him
    6·1 answer
  • What would happen if a state or municipality suddenly lost its tax base? Explain if this would have any impact on it's cost of b
    8·1 answer
  • First Fiddler's Bank has foreclosed on a home mortgage and is selling the house at auction. There are three bidders for the hous
    7·1 answer
  • Managerial accountants would be responsible for providing information regarding a.profit reports to owners and management b.tax
    13·1 answer
  • Josh was hired to establish lean processes for a local manufacturing facility. He creates a plan, but he also hires a leading ex
    14·1 answer
  • Predictors and Effects of Participation in Peer Support: A Prospective Structural Equation Modeling Analysis
    13·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!