Answer:
Investment revenue = $52,000
Explanation:
Since Puff uses the equity method, the original journal entry to record the purchase of 40% of the shares should have been:
Dr Investment in Straw 400,000
Cr Cash 400,000
After one year, Straw earned $150,000 in net income, but it also had equipment with a fair market value higher than carrying value also depreciable by $100,000. So the net income must be adjusted = $150,000 - ($100,000 x 20%) = $130,000. The journal entry to record the adjusted income should be ($130,000 x 40%):
Dr Investment in Straw 52,000
Cr Investment revenue 52,000
Orlando is 18 degrees
10+ 8 = 18
The 10 represents how much warmer Orlando is and the 8 represents the temp in Houston
Answer:
When revenue has been received but the service has not been rendered, the revenue will not be recognized and will instead be treated as a liability called unearned revenue.
Date Account Title Debit Credit
Oct. 31 Cash $7,720,000
Unearned Ticket revenue $7,720,000
Date Account Title Debit Credit
Nov. 5 Unearned Ticket Revenue $1,930,000
Ticket Revenue $1,930,000
<u>Working </u>
Ticket revenue = 1/4 * 7,720,000
= $1,930,000
The rate at which Yemen's GDP and economy grew at that was at the rate of $94 per year.
Rate of growth is considered a measure of how a magnitude increases in a determined time. Thus, if the magnitude changes from x1 to x2 in a time t, then the rate of growth is:
r = x2 - x1 / t
Thus, the GDP of Yemen in 2004 went from $2,109 to $2,203 in the year 2005. So,
r = 2,203 - 2,109 / 1
r = $94 per year
GDP counts all of the output generated within the borders of a country. It also measures the monetary value of final goods and services which are bought by the final user and produced in a country in a given period of time.
Hence, the Yemen's economy grew at the rate of $94 per year.
To learn more about GDP here:
brainly.com/question/15682765
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When you select a savings account, you should look at the following factors:
1) Bank of account. This is where you open your savings account. You need to know the reputation and performance of the bank. This way, you'll know if your savings will be well taken cared of.
2) Interest rate. The higher interest rate, the better
3) Location. Easier to open a savings account on the bank nearest to you.
4) Accessibility. Easier to contact the bank with your concerns either through a phone call or an online message.
