Answer:
Revenue 2021 = $3,000,000
Revenue 2022 = $0
Explanation:
Given that,
Sold a parcel of land to a construction company = $3,000,000
book value of the land on Apache’s books = $1,200,000
In this case, revenue is identified at a point when the parcel of land is transferred to the construction company.
Therefore, full revenue from the sale of land should be recognized in the year 2021 because the transfer of land occured in 2021 and there will be no revenue reflected in the year 2022.
Revenue 2021 = $3,000,000
Revenue 2022 = $0
Answer:
The monarchs continued to challenge Parliament's authority.
Explanation:
Following the English Civil War, tensions between the monarchs and Parliament began to grow. Queen Elizabeth did not leave any heir, therefore, James I began the Stuart Dynasty. James I believed in Divine Rule, which was in oppose of Queen Elizabeth's rule who worked with Parliament.
After the English Civil War, the monarchs continues to challenge Parliament's authority. During Restoration monarchs, Charles II and James II, Parliament and monarchs were in conflict with each other.
Therefore, option C is correct.
The warning on cigarette packages about the health implications of smoking is an example of <u>"communications".</u>
Health warnings on cigarette bundles furnish smokers with widespread access to data on the dangers of smoking.
Tobacco package warning messages are cautioning messages that show up on the bundling of cigarettes and other tobacco items concerning their health impacts. They have been actualized with an end goal to improve the general population's consciousness of the destructive impacts of smoking.
Answer: debit to Dividends Payable.
Explanation:
When the dividend was declared in July 15, the dividend amount was debited to the Retained earnings to show that it was being taken from Retained earnings. It was then credited to Dividends payable to show that the company owed dividends to its shareholders.
On August 15, this liability will be paid off when the dividends are paid and so the Dividends Payable account will be debited to reflect this.
Answer:
cost of the building = $183,331.14
Explanation:
we have to calculate the present value of all the future annual payments using the 11% discount rate:
$37,000 x 2.4437 (PVIFA, 11%, 3 periods) = $90,416.90
($52,000 x 2.4437) / (1 + 11%)³ = $92,914.24
total present value = $183,331.14