Answer:
$150,000
Explanation:
Copper Corporation
The amount of dividends received deduction will tend to depends upon the ownership percentage by the corporate shareholder.
Therefore in a situation where Copper Corporation is said to owns only 85% of what Bronze Corporation had, Copper Corporation definitely qualify for a percentage of 100 deduction or a total amount of $150,000.if we have to based on the above information given because Bronze Corporation pays Copper Corporation a dividend of $150,000.
Answer:
C) $40.000 Decrease
Explanation:
The accounting equation states that: Assets = Liabilities + Equity, so in this case the Assets must decrease in the same amount that change the other side of the equation, $40.000.
Answer:
<em>MRP (Material Requirement Planning)</em>
Explanation:
Material Requirements Planning (MRP) is a calculation system for the components and materials necessary to produce goods.
All of this consists of <u>three principal steps</u>:
- stock of on-hand components and materials,
- recognize which added bits are required and,
- afterwards schedule their manufacturing or purchase.
Answer with its Explanation:
Step 1:
First of all record a loan of $3 million loan:
Dr Bank $3,000,000
Cr Loan $3,000,000
Step 2:
Finance charge will be 3% on this loan amount:
Dr Finance Charge $3million *3% = $90,000
Cr Bank $90,000
Step 3:
The interest on the note is 7% which is $70,000. So the journal entry would be:
Dr Interest Expense $70,000
Cr Interest payable $70,0000
