Answer:
C. $190,000
Explanation:
As per the given question the solution of Income reported on Income statement is provided below:-
here, we ill find first share in equity income and depreciation expenses on undervalue equipment to reach the i
ncome reported on Income statement
Share in equity income = Net income × Interest
= $500,000 × 40%
= $200,000
Depreciation expenses on undervalue equipment = undervaluation ÷ Number of years × Interest
= $250,000 ÷ 10 × 40%
= $10,000
Income reported on Income statement = Share in equity income -Depreciation expenses on undervalue equipment
= $200,000 - $10,000
= $190,000
Answer:
Find the answer below in explanation
Explanation:
Gillock Climbing Academy Pension Expense for the year 2019 will be recorded as
Service cost ............................................. 600,000.00
Interest (600000 × 10%)................................60,000.00
plan assets (40000 from 2018 + 32000 interest + 400000 made in current year)............... 832000
Expected return Interest on plan asset (832000*8%) ........................................ 66,560.00
Pension Expense for the year ended December 31, 2019 = 600000 - (66,560.00 - 60000)
= 600,000−6,560
= $593,440.00
Answer:
Option (B) is correct.
Explanation:
If there is an increase in the income of the consumer then as a result there is a parallel shift in the budget line. This increase in income will increase the real purchasing power of the consumers and hence, this would increase the quantity of two goods consumed in an equal proportion.
Other factors remains the same, an increase in the income level of the consumer will increase the consumption of both the goods because the prices of both the goods are constant.
D. Resourcefulness; if you can pick more than one than also chose A. Confidence.
There is a surplus, as you can see, the quantity supplied is more than the quantity demanded.
