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4 years ago

The rhythmic value of beamed notes is determined by

1 answer:

7 0

A beam is a flat or diagonal line used to attach multiple consecutive notes (and irregularly rests) to designate rhythmic grouping. The rhythmic value can be determined through the number of notes. One beam is 8th note, 2 is 16th, 3 is 32nd, etc. in other words, the first beam touching the stem.

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Marigold Company owns equipment that cost $936,000 and has accumulated depreciation of $395,200. The expected future net cash fl

DanielleElmas [232]

Answer:

Dr Impairment expense (p/l) $20,800

Cr Accumulated depreciation $20,800

Being entries to recognize the impairment of asset.

Explanation:

An asset is said to be impaired when the carrying amount is higher than the recoverable amount. The recoverable amount is the higher of the value in use (the expected future net cash flows from the use of the asset) and the fair value less cost to sell.

Given;

Cost = $936,000

Accumulated depreciation = $395,200

Carrying amount = $936,000 - $395,200

= $540,800

The recoverable amount is the expected future net cash flows from the use of the asset $520,000 as this is higher than the fair value of the equipment which is $416,000.

Since the carrying amount is higher than the recoverable amount, the asset is impaired.

Impairment = $540,800 - $520,000

= $20,800

The journal entries,

Dr Impairment expense (p/l) $20,800

Cr Accumulated depreciation $20,800

Being entries to recognize the impairment of asset.

3 0

4 years ago

Ross Electronics has one product in its ending inventory. Per unit data consist of the following: cost, $36; selling price, $48;

Vsevolod [243]

Answer:

Unit value of $36 Ross should use when applying the lower of cost or net realizable value rule to ending inventory.

Explanation:

Inventory should be recorded on:

Lower of

Cost

Net realizable value

Cost of product = $36 per unit

Net realizable value = selling price -selling cost = $48 - $6 = $42

So the lower value is the cost value of $36 for the product. So, this value should be used in order to determine the cost of ending inventory.

4 0

3 years ago

Read 2 more answers

For interim financial reporting, a company's income tax provision for the second quarter of 20X4 should be determined using the:

Setler [38]

Answer:

The corporation tax of company for interim financial reporting must be determined using previous quarter corporation tax amount minus previous quarter tax surplus or plus previous quarter tax deficit.

Explanation:

This is one of the way we estimate the corporation tax which helps in the better estimation. This way of estimating the corporation tax is recommended methods by the International Accounting Standard IAS 12 Taxes, for estimating taxes for interim and yearly financial reporting.

4 0

3 years ago

April, a high school student, doesn’t know her folks are trying to dig out of a financial crisis. Alone one day, she answers the

Bad White [126]

The collector correctly informed what she should have, though she crossed the line when she started directly assaulting April's dad and asked for his personal information.

7 0

3 years ago

Which of the following statements is NOT true regarding location decisions?

mariarad [96]

Answer:

B. Once management is committed to a specific location, many costs become relatively easy to reduce.

Explanation:

As a location decision is essential and a specific decision taken by the company it has to be focused on its decision and does not need to draw any conclusion as a location decision made in the past cannot be easily overcome or reduced depending on the choices of the firm or the location availability of the resources.

The location adds a cost to the company and is evaluated on the basis of the internal policy and thus is costly to undo. A location often serves as a point of maximum profit or the operations performed by a firm like the effects form the land cost, labor costs, energy costs, and transport costs, etc.

3 0

4 years ago