Answer: The correct answer is d. None of the above is correct.
Explanation: The intercompany gain realized would be recognized in the parent company's financial statements while at the consolidated position, the gain will be eliminated. For the parent to have recognized a gain on the capital asset, that means the proceed from sale was more than the net book value of the asset. So, there is no consolidated taxable income as regards this gain.
The $50,000 gain will be recognized by the subsidiary since it was sold to a nonmember of the group. However, it will not be nil at the consolidated position because it is not an intercompany transaction.
Answer:
(a) 1.5×10^23 atoms
(b) 7.47×10^23 atoms
(c) 3.98×10^22 atoms
(d) 4.93×10^23 atoms
Explanation:
Number of atoms = number of moles × 6.02×10^23
(a) 14.955 g Cr = (14.955/60) × 6.02×10^23 = 1.5×10^23 atoms
(b) 39.733 g S = (39.733/32) × 6.02×10^24 = 7.47×10^23 atoms
(c) 12.899 g Pt = (12.899/195) × 6.02×10^23 = 3.98×10^22 atoms
(d) 97.552 g Sn = (97.552/119) × 6.02×10^23 = 4.93×10^23 atoms
Answer:
NPV = $-3,383.25
Explanation:
The NPV is the difference between the PV of cash inflows and the PV of cash outflows. A positive NPV implies a good investment decision and a negative figure implies the opposite.
NPV of an investment:
NPV = PV of Cash inflows - PV of cash outflow
PV of cash inflow =
$12,500,
× 1.1535^(-1) + 19,700,
× 1.1535^(-2) + 0× 1.1535^(-3) + 10,400.× 1.1535^(-2) = 31,516.7476
Initial,cost = 34,900
NPV = 31,516.7476 - 34,900 = -3,383.25
NPV = $-3,383.25
Answer: Increase by $1,000
Explanation:
Kaci took the $1,000 and deposited it in a bank account. This will increase checkable bank deposits by the same amount because this is what the money will be classified as.
It will form part of M1 money supply which consists of the most liquid currency like physical cash and demand deposits.
Answer:
True
Explanation:
As we know that the ending balance of retained earnings is computed by considering the following equation
= Starting balance of retained earnings + net income - dividend paid
Since the net income which is come by subtracting the expenses from the revenue and the dividend paid is debited or credited at the time of passing the journal entries instead of retained earning account because these above accounts are got affected.
Like expenses account are always debited while the income account are always credited
