Answer:
A negative translation adjustment must be reported.
Explanation:
Under the current rate method, the company must report a negative translation adjustment on a reserve account in the consolidated balance. This reserve account is included in the consolidated balance sheet as unrealized gains/losses.
The marketable securities were purchased at 1,000,000 / 20 = $50,000 (US dollars). But now they are worth only 1,000,000 / 25 = $40,000 (US dollars).
The reserve account of the consolidated financial statements should show a negative foreign currency translation adjustment equal to $10,000 (US dollars).
Answer:
$31,670
Explanation:
Given that,
Revenue earned on account during Year 2 = $111,000
Cash collected from its receivables accounts during Year 2 = $76,000
Uncollectibles:
= 3% of its sales on account
= 0.03 × $111,000
= $3,330
Net realizable value of Miller's receivables at the end of Year 1:
= Revenue earned on account - Cash collected from its receivables accounts - Uncollectibles
= $111,000 - $76,000 - $3,330
= $31,670
Answer:
The correct answer is: additional output of labor will eventually decrease as more workers are hired.
Explanation:
The law of diminishing return states that keeping other things constant if we go on increasing the quantity of one input, the marginal returns from that input will go on declining.
In other words, if we go on hiring an input the increase in output because of each additional input employed will go on declining.
For instance, keeping other things constant we go on hiring more and more workers the marginal product of workers or additional output created by each worker will go on declining.
Answer:
Option B is correct one.
<u>$8,000 LTCG</u>
Explanation:
The company makes 2019 distributions to Tim of $8,000. Tim reports a(n) <u>$8,000 LTCG.</u>
It is held more than one year. LTCG will be the distribution over the stock basis. Here the stock basis is 0.
Answer:
$35,464
Explanation:
Calculation for the depreciation base of Marigold's new machine
Purchased machine $29,120
Add:Title fees $200
County property tax $130
Shipping charges for delivery $520
Local contractor $5,494
Depreciation base $35,464
Therefore the Depreciation base of Marigold's new machine
will be $35,464