Answer:
Retain Replace Net income
Increase/Decrease
Variable manufacturing costs 4241300 3205300 1036000
New machine cost 0 378500 -378500
Sell old machine 0 -34700 34700
Total 4241300 3549100 692,200
Conclusion: The old factory machine should be replaced as its net income is lesser
Workings
Variable manufacturing costs
a. Retain Equipment = 605900*7 = 4241300
b. Replace Equipment =457900*7 = 3205300
Answer:
Debit Cash $2.02 million; Credit Other financing sources
Explanation:
If Sugar City issued $2 million of bonds to fund the construction of a new city office building, and the bonds were sold at 101. The entries that should be made in the capital projects fund to record this event is: Debit Cash $2.02 million; Credit Other financing sources.
Sugar City practices governmental or public sector accounting which is a bit different from private sector accounting where the credit would have been treated differently.
Since this is a project and no encumbrance has been made against fund balance, and the cash is coming in from fresh issue of bond; the entry would be a debit to cash for the receipt and a credit to 'other financing sources'
Answer:
D
Explanation:
hope this helps please brainiest
Answer:
practice at least two times per day
Answer: Converting foreign GAAP to the parent company GAAP; Translating currency.
Explanation:
A foreign direct investment is simply an investment that is made by a particular individual or firm in a particular nation even though the interests of the business are being located in another nation.
The financial reporting issues would arise as a result of making a foreign direct investment are the conversion of foreign GAAP to the parent company GAAP and the translation of currency.