Answer:
Why did Europe initially desire to form a regional trading bloc? Europe was having economic problems and decided to join in regional integration to try and reduce the problem Critical Thinking Questions 1.
Answer:
b. $530
Explanation:
As provided retained earnings opening balance = $475
Add net income for the year = $130
Balance = $605
Further dividend is paid, which reduces the balance of retained earnings = $75
Balance after paying dividends = $605 - $75 = $530
All the other information provided in question relates to common stock and has no relevance on retained earnings balance.
Therefore, balance of retained earnings at the end of period = $530
Answer:
d
Explanation:
d,b,c I hope d is answer but not sure
Answer:
(i) $3,200
(ii) $7,100
(iii) $5,440
Explanation:
Cost of equipment = $35,500
Service life of equipment = 10-year
After 10-year equipment will be worth = $3,500
Equipment used for = 10,000 hours
Super Saver used the equipment for = 1,700 hours
1.
Depreciation expense:
= (Cost of equipment - Equipment worth after 10 years) ÷ Service life
= (35,500 - 3,500) ÷ 10
= $3,200
2.
Depreciation expense:
= Cost of equipment × Double-declining rate
= 35,500 × 20%
= $7,100
3.
Depreciation expense:
= (Cost of equipment - Equipment worth after 10 years) ÷ (Total hours × Hours taken by super saver)
= (35,500 - 3,500) ÷ (10,000 × 1,700)
= $5,440