Answer:
Unit sales level multiplied by a constant unit contribution margin.
Explanation:
The change in period-to-period operating income when using variable costing can be explained by the change in the Unit sales level multiplied by a constant unit contribution margin.
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Answer:
Decorative Concrete
1. This contingent liability should be disclosed in a note only.
2. Decorative Concrete should not report any loss in its income statement, yet.
3. Decorative Concrete should not report any liability in its balance sheet, yet.
4. No entry should be recorded in the journal.
Explanation:
a) Data and Calculations:
Estimated loss = $1.1 and $4 million
Loss is probable but the loss cannot be reasonably estimated
b) Decorative Concrete cannot reasonably estimate the loss that may arise from the contingent liability. Therefore, it should only disclose the future event in a note to the financial statements. Accounting rules specify that Decorative Concrete should record this event as a contingent liability in its accounts when it is probable that the future event will occur and the amount of the liability can be reasonably estimated. At that time, a specific amount of loss will be recorded (debit) and a specific liability established (credit) in advance of the settlement. In this Decorative's case, only one condition is met.
The answer to your question is both a. their spacing indicates the strength of the pressure gradient. and c. <span>they depict areas having the same barometer reading.
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Answer:
construction in progress 400,000
cost of construction 600,000
revenue from long-term contracts 1,000,000
Explanation:
To derive revenue for this year :we say Total revenue $3,000,000- Revenue previously recognized $2,000,000 =
Revenue to recognize this year $1,000,000.
Cost recognized for the year= $600,000(as opposed to $12000000 in costs last year)
Gross profit recognized for this year = $1,000,000 - $600,000 = $400,000
Answer:
Embryonic stage
Explanation:
Embryonic stage
it is a stage of parental development in the 3rd month of pregnancy, where he or she at this stage is called embryo which is developed through cell division. At this stage of development, he or she has a heartbeat, other organs, etc. But at this stage at these developing organs are at the primary stage.
