Answer:
Colorado Corp.
The retroactive adjustment to the accumulated depreciation account on January 1, Year 9, as a result of the change in depreciation method is:
= $0.
Explanation:
a) Data and Calculations:
Accumulated depreciation at December 31, Year 8 based on double declining balance method = $525,000
Accumulated depreciation at December 31, Year 8 based on straight-line method = $300,000
The required adjustment to the accumulated depreciation account = $0 ($525,000 - $525,000)
b) The accumulated depreciation account does not require a retrospective adjustment. It will remain at $525,000 while the company continues to apply the straight-line method going forward. The change is called a change in accounting estimate and not a change in accounting principle that requires retrospective application and adjustment to the previous years' accounts.
Answer:
Retained Earnings at December 31, 2018 is $89,000
Explanation:
Adjusted Retained Earnings at December 31, 2017 = Retained Earnings at 31 December 2017 - Overstated amount = $44,000 - $8,000 = 36,000
Retained Earnings for 2018 = Net income - dividend = $78,000 - $25,000 = $53,000
Cindy May Bakery, Inc.'s statement of retained earnings for the year ended December 31, 2018
Details $
Adjusted Retained Earnings at December 31, 2017 36,000
Retained Earnings for 2018 <u> 53,000 </u>
Retained Earnings at December 31, 2018 <u> 89,000 </u>
Answer:
False
Explanation:
President Obama said and keep that lets lobbyists come into government freely and lets them use their own time in public service as the way they want to.
Answer:
found this off of google, "Stock markets are where individual and institutional investors come together to buy and sell shares in a public venue. Nowadays these exchanges exist as electronic marketplaces. Share prices are set by supply and demand in the market as buyers and sellers place orders."
Hope this helps, have a great day and stay safe! :) :D :3
In the United States polity, the political party that is likely to wield more regulatory practices over the business is the Democratic party.
<h3>Why should the Democratic Party be more rigorous with regulatory practices over the business?</h3>
The Republican Party is noted for its support of right-wing beliefs such as libertarianism, social conservatism, and economic libertarianism, among others. As a result, Republicans typically advocate for conservative values, little government intervention, and strong support for the private sector.
In contrast, the Democratic Party prefers a mixed economy and typically supports a progressive tax structure, increased minimum wages, Social Security, universal health care, public education, and subsidized housing. It also encourages infrastructure development and sustainable energy investments in order to spur economic growth and employment creation.
Learn more about Democratic Party:
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