Answer:
Correct option is D
Explanation:
Provided Information,
There is a permanent fund with historical cost of $300,000.
Since the nature of fund is permanent and not a current fund which needs to be shown at current fair market value.
In case of long term assets and funds they are shown at historical cost, as there change in price is not reflected in balance sheet.
As the change might happen with increase or decrease, until the change is permanent the fund is shown at historical cost.
Therefore in the given case the increase in fair value from $300,000 to $360,000, will not be reflected in balance sheet.
Correct option is d)
No entry will be done to recognize any increase or decrease in fair value of such funds.
Answer:
"alienation"
Explanation:
Karl Marx was a German philosopher born in Trier, Germany on May 5, 1818. According to my research on studies by Karl Marx, I can say that based on the information provided within the question the term used to describe this is called "alienation".
I hope this answered your question. If you have any more questions feel free to ask away at Brainly.
Answer:
Answer for the question:
Haskins and Jones, Attorneys-at-Law, maintains its books on a cash basis. During 2021, the law firm collected $610,000 for services rendered to its clients and paid out $425,000 in expenses. You are able to determine the following information about accounts receivable, prepaid expenses, deferred service revenue, and accrued liabilities: January 1, 2021 December 31, 2021 Accounts receivable $ 75,000 $ 67,000 Prepaid insurance 5,800 7,100 Prepaid rent 10,500 9,600 Deferred service revenue 10,500 12,200 Accrued liabilities (for various expenses) 13,500 17,700 In addition, 2021 depreciation expense on office equipment is $28,500. Required: Determine accrual basis net income for 2021.
is given in the attachment.
Explanation:
<span>Direct Subsidized loans is the answer </span>
April 18th for 2016. Generally they are due in April in 2015 it was April 15th.
