Answer and Explanation:
The computation is shown below
1. The adjusted balance in the retained earning is shown below:
= beginning balance of retained earning + adjusted net income
where,
beginning balance of retained earning is $860,000
And, the adjusted net income is
= $68,000 × (1 - 0.35)
= $44,200
So, the adjusted balance in the retained earning is
= $860,000 + $44,200
= $904,200
2. Now the journal entry is
Inventory $68,000
To Retained earning $44,200
To Tax payable $23,800 ($68,000 × 35%)
(Being the adjustment of ending inventory is recorded)
It increased the inventory and along with it it also increased the equity and liabilities so the respective account is debited and credited
When you're in middle school or younger, so you can save up money for college, a car, or whatever you need.
The given statement " It is unwise to take a questionnaire designed for online administration and simply let the questionnaire design system present it in mobile device form " is TRUE
Explanation:
A survey is a research tool consisting of a series of questions (or other types of inquiries) to collect data from respondents.
In 1838, the Statistical Society of London invented the questionnaire. Even if questionnaires are often used to evaluate the answers objectively, this is not always the case.
Smartphone System Model Surveys. Launch Fresh. Five minutes is the average time usage communicates with a mobile app, so mobile studies are relevant in a period of 8 to 10 minutes.
LLC i think that’s the answer
Answer:
b. $23,350
Explanation:
The computation of final balance in fatal work-in-process inventory is presented with the help of spreadsheet as attached below:-
The formula is presented below:-
Amount of Over-allocated Overheads = Percentage of overhead applied × Over-allocated Overheads
Account Balance after = Account Balance before - Amount of Over-allocated Overheads
Therefore the correct answer is b. that is $23,350
