Amount = $900,000
Bearing interest = 12%
Annual principal payments = $300,000
Bank prime rate = 11%
<u>To find:</u>
Accrued interest payable
<u>Solution:</u>
The calculation of the accrued interest payable,
Therefore, the accrued interest payable will be $24,000.
Answer:
D. transferred out during the process plus the units in the ending inventory.
Explanation:
Using the Weighted - Average process costing the equivalent units of production always equals the units completed and transferred plus equivalent units remaining in work in process.
Remember that to calculate the equivalent units remaining must multiplicate the units per the percentage of completion. In this case, the percentage is 100% of materials for the units remaining because were added at the beginning of the process.
Answer:
prepare the journal entries to record income tax expenses,deferred income taxes and income taxes payable for 2020
Answer:
$7,781
Explanation:
The amount of check at the end of December is computed as;
= Checks written in November + Checks written in December - Checks presented in November for payments - Checks presented in December for payments
= $27,850 + $37,986 - $25,399 - $32,656
= $7,781
Answer:B 99,000
Explanation:
80000 + 15000 + 4000 = 99000
