Answer:
patent on the consolidated estament: 32,000
Explanation:
45,000 x 80% = 36,000
36,000 / 9 = 4,000 amortization per year
patent of Grand heaven
<u> debit credit </u>
36,000 recognize at purchase
4,000 december 31th amortization
32,000 balance.
Answer:
Explanation:
The current liability is that liability in which the obligation is arise for one year or less than one year.
So, the categorization is shown below:
a. A note payable for $100,000 due in 2 years. = It is not a current liability as it is due in 2 years that come under the long term liability
b. A 10-year mortgage payable of $300,000 payable in ten $30,000 annual payments. = Current liability for first annual payment only and rest is consider to be long term liability
c. Interest payable of $15,000 on the mortgage. = Current liability as it is arise within one year
d. Accounts payable of $60,000. = Current liability as it is arise within one year
The current liability is shown on the liabilities side of the balance sheet.
Answer: Discrete manufacturer
Explanation: Soyan Inc. is a discrete manufacturer and as such is involved in the production of distinct (noticeably different from other) items that can be characterized by unit production; where units can be produced with high complexity and low volume. Light to semi-light utility vehicles with armors that are used in war zones, disaster-struck areas, and harsh terrains (automobiles), furniture, toys, smartphones, and airplanes are examples of such items. These distinct items are capable of being easily counted, touched or seen and the production orders and products of distinct manufacturing changes frequently from order to order.
Answer:
B) The balance sheet will report the note receivable of $8,400 and interest receivable of $700.
Explanation:
The note receivable is an asset account that should be included in the balance sheet at face value, $8,400.
Since 8 months have passed since the note was made, we can include the interest receivable in the balance sheet, but only the 10 months: $8,400 x (10/12) x 10% = $700
Answer:
$9,600 Financial advantage
Explanation:
Variable Cost per unit for special order = $60 + $40*40%
Variable Cost per unit for special order = $60 + $16
Variable Cost per unit for special order = $76
The financial advantage or disadvantage of accepting the special order = Sales Revenue from special offer - Variable Cost Cost for special offers
= $100*400 units - $76*400 units
= $40,000 - $30,400
= $9,600 Financial advantage (Disadvantage).
