I cant see the text tru posting it again
Answer:
Cash $33,000
To Deferred rent revenue $33,000
(Being cash is recorded)
Explanation:
The Journal entry is shown below:-
January 1, 2018
Cash $33,000
To Deferred rent revenue $33,000
(Being cash is recorded)
For recording the Tabitha record on January 1, 2018, we simply debited the amount of cash and credited the deferred revenue as the payment is received.
The answer to this question is False.
Answer: See explanation
Explanation:
Share of ordinary income:
= (Ordinary income - Wages - Depreciation)/2
= (900,000 - 200,000 - 300,000)/2
= 400,000/2
= 200,000
Share of net short term capital gain
= (12,000 - 6,000) × 50%
= 6,000 × 0.5
= 3,000
Share of interest income
= 4000 × 50%
= 4000 × 0.5
= 2000
Share of charitable contribution deduction
= 4000 × 50%
= 4000 × 0.5
= 2000
Answer:
C - Retained Earnings
Explanation:
Retained earnings are the cheapest source of equity capital for the following under listed points:
No costs of issuance of a new security in terms of underwriters' fees are required.
It is readily available, it would take days for the company to have access to the right amount of funding
The risk of under subscription where shares rolled for subscription are not subscribed in full is nip in the bud
