Answer: B. No effect
Explanation: A non controlling interest is that part of the share of a subsidiary company that the parent company has not claim to its ownership. This is different from a controlling interest which means it is the part of the subsidiary of a parent company,that the parent company owns.
THERE WILL BE NO EFFECT ON THE NONCONTROLLING INTEREST IN NET INCOME IN THE YEAR THE PARENT COMPANY SELLS THE LAND.
Answer:
a.$4,704
Explanation:
Depreciation rate applicable for 2nd year as per MACRS 5 year class property = 32%
So, Irene cost recovery deduction = $21,000 * 32% * 70% = $4,704
Hence, the cost recovery deduction for Irene in 2020 is $4,704.
Answer:
b. 2.6
Explanation:
Price elasticity of demand measures how much quantity demanded changes in response to a change in price. The Midpoint Method uses the average percent change in both quantity and price.
The formula for calculating midpoint elasticity of demand is a below
PED=(Q2−Q1)÷(Q2+Q1)/2
(P2−P1)÷(P2+P1)/2
Where Q is quantity and P is price
PED=(15000−10000)÷(15000.+10000)/2
(60−70)÷(60+70)2
PED =5,000÷12,500
(10)÷65
PED =0.4
0.154
PED =2.5974
PED =2.6
Answer: For each of the following companies, each company would be more likely to use:
a. Janitorial services company - <u>Job costing.</u>
b. Soup manufacturer - <u>Process costing.</u>
c. Commercial plumbing contractor - <u>Job costing.</u>
d. Toothpaste manufacturer - <u>Process costing.</u>
e. Catering service - <u>Job costing.</u>
Which ability does the following ex represent? as financial planner, you advise people about where to invest their money. IM PRETTY SURE ITS SYSTEMATIC.