Answer:
D. None of the above are true.
Explanation:
As while recording depreciation, the total assets is decreased and the stockholder equity is also decreased as depreciation is a contra asset account
In the side of stockholder equity, the net income, the retained earning and the stockholder equity is decreased
whereas, the total asset is decreased as the amount of asset is reduced by deducting the accumulated depreciation amount
The journal entry is shown below for better understanding
Depreciation Expense A/c XXXXX
To Accumulated Depreciation XXXXX
(Being depreciation expense is recorded)
Please kindly note that none of the
Options given in the question is correct.
The correct answer is calculated and explained below
Answer:
$79.92 per move.
Explanation:
Activity rate can be calculated by dividing Activity cost budgeted for the particular activity pool by the Estimated or Total Activity base for that pool
Activity rate = Budgeted activity cost ÷ Estimated or Total Activity base
In the question above,
Budgeted Activity cost for material handling = $443,500
Estimated or Total Activity base for material handling (Summation of Total moves) = 1,460 + 760 + 3,700 = 5920 moves
Activity rate = $443,500 ÷ 5920
= $79.92 per move.
Answer:
$96,000
Explanation:
Total cash received during the period = beginning cash + cash received - ending cash
$38,000 + $74,000 - $16,000 = $96,000
I hope my answer helps you
Answer:
Because this transaction MEET the control of the corporation requirement, Janice has income of $0 and Thom has income of $
Explanation:
Based on the information we were told that Thom provide service that is worth $40,000 which means that the amount of $40,000 is Thom income but we were not told that Janice has an income, which means that Janice will have an income of $0.
Hence, Because this transaction MEET the control of the corporation requirement, Janice has income of $0 and Thom has income of $
40,000.
