Answer:
True
Explanation:
The reason is that the Internation Financial Reporting Framework says that though there are choices the company must opt to the depreciation method that brings fairness to the financial statement, which means that the method used calculates the depreciation for the year that actually represents the decrease in the value of the assets in market value. So if the current method brings the fairness to the Financial statements, Lucky can use them and if those don't bring fairness to the financial statements then its better to use alternative which will bring the fairness to financial statements.
Answer:
The interest charge is $4.50
Explanation:
interest charged = 300*1.5%
= $4.50
Therefore, The interest charge is $4.50
Answer:
Blue Company
Consolidation of Parent & Subsidiary Companies :
1. c. $86,000
2. b. $47,000
3. d. $39,000
Explanation:
In preparing a consolidated income statement, Blue Company with controlling interest of 60% will eliminate intercompany transactions, sales, purchases, inventory, and profits. This is because such transactions are assumed to be within the same consolidated entity.
Only such transactions involving outsiders are taken into consideration for the purpose of determining profits and arriving at the financial position of the consolidated group.
Answer: Acquiring human resources
Explanation:
The HRM process is stand for the human resource management process in which it involve the training and the development phase of the employees in an organization.
The main objective of the human resource management is to recruiting the right employee on the basis of the specific profile skills and abilities by taking proper interview of the applicant.
The acquiring human resource is one of the phase of the HRM process in which the employees are get hire by the company so that it helps in achieving the main aim of the organizational goals by perform various types of tasks or activities according to the organization strategy.
Therefore, Acquiring human resources is the correct answer.
Answer:
Debit Accounts Payable $24,000; credit Notes Payable $24,000.
Explanation:
Accounts payable represents the amount that a business owes, it represents it's liabilities.
If a notes payable is replacing the balance on account payable for $24,000, the amount is to be paid off at an interest rate of 4% in the next 60 days.
The journal entry to be raised is a debit of $24,000 to Accounts Payable account to reduce the liability balance, and a credit of $24,000 to Notes payable to indicate we have a loan that is payable in 60 days.