Answer:
$0
Explanation:
In this method, the transaction reporting will be performed on an accrual basis which means whether or not the payment is paid but it is reported in the account books.
Once the expenditure is incurred or the revenues is earned the same is to be recorded in the books of accounts whether cash paid or not and in case of revenues whether cash received or not
In the given case, the Canon corporation sells on October 15 so it would be recorded on October itself .
Therefore, no revenue would be recognized on the month of November
Plate counting method is reported in terms of colony forming units (cfus). Colony-forming unit (CFU, cfu, or CFU) is a unit used in microbiology to measure the number of viable microorganisms (bacteria, fungi, viruses, etc.) in a sample that can reproduce through binary fission under controlled conditions.
In contrast to microscopic analysis, which counts all cells, living or dead, counting with colony-forming units requires cultivating the bacteria. When counting colonies, it is unclear if the colony originated from one cell or a collection of cells because visual appearance of a colony in a cell culture to requires the significant growth.
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The correct answer is option b, debit to cash short and over for $13. The petty cash fund is a debit account, meaning it increases with entries posted on the debit side and decreases with entries posted to the credit side. Replenishing the fund here means injecting cash to reach the initial $150. To obtain the replenishing amount, you just subtract the debit entries in the fund $54 and $83 from the $150, i.e. $150 - ($54 + $83) = $13.
Answer:
The impairment amount will be "$504,000". A further explanation is below.
Explanation:
The given values are:
Goodwill,
= $864,000
Subsidiary fair value,
= $8,100,000
Subsidiary's individually identifiable net assets,
= $7,740,000
Now,
(1)
The impairment amount will be:
= 
On substituting the values, we get
= 
= 
= 
($)
(2)
The journal entry is:
<u>Description Debit Credit</u>
Equity income $504,000
Equity investment $504,000
