Answer:
The Journal entry will Increase cash and as well Increase Common stock
Explanation:
Based on the information given where we have Cash of the amount of $22,000 and Common Stock of the amount $22,000 on May 23 this means that the journal entry will Increase cash and as well Increase Common stock. And since cash is an asset this mean that it will increased by debit While Common stock will increased by Credit becauee Common stock is a Capital .
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brainly.com/question/25793394
Answer:
Option (c)
Explanation:
As per the data given in the question,
Standard quantity of material = 15,000 pounds for 10,000 units
Unfavorable variance in the quantity of material occurs when more material is used in comparison to the standard quantity.
As, Actual quantity = 17,000 pounds used for production of 10,000 units
It caused unfavorable material quantity variance.
Hence, the data which warned company about the problem is :
Actual quantity of 17,000 pounds used for the production of 10,000 units.
Option (c) is correct answer.
Answer:
1. Medium range sales estimates
2. Long range sales estimates
Explanation:
At introduction, Chrysler requires medium range sales estimates and Long range sales estimates To determine future marketing requirements.
These estimates are economic forecasts they are indicators that are used to help organizations in preparing medium to long range forecasts.
The medium range estimates span from 3 months to 1 year.
The long range estimates is for 3 years or more.
Answer:
b) $11,000 gain realized; $10,000 recognized.
Explanation:
Gain realized = $16,000 + $10,000 + $5,000 - $20,000 = $11,000
However, the transaction qualifies under sec.351 for non recognition. Transfer of Mortgaged property to a controlled corporation does not require recognition of gain unless the liabilities transferred or assumed are greater than the basis of all the property transferred. So the recognized gain is attributable to the $10,000 cash received.
