It is a true statement that as capital investment levels off business spending decreases and leads to a possible contraction to the economy. The correct option among all the options that are given in the question is the first option. I hope that this is the answer that has actually come to your help.<span>
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Answer:
Debit Unearned Revenue $5,480
Credit Revenue $5,480
Explanation:
On December 31, 6 months has been passed so, the revenue of 6 months should be recorded as the payment was recorded as unearned revenue on July 1. The revenue account will be credited by the 6 months revenue amount and unearned revenue account will be debited to reduce the amount by the six month accrual.
Total Unearned revenue = $10,960
Unearned revenue per month = $10,960 / 12 = $913.33
revenue for six months = 913.33 x 6 = $5,480
Answer:
$6,000
Explanation:
Calculation for How much difference would there have been in Franel's income with regard to the effect of the investment, between using the equity method or using the initial value method of internal recordkeeping
Using this formula
Difference in Franel's income using Equity Method = [(Net income-Dividends)-(Net income-Patent allocation amortization- Dividends)]
Let plug in the formula
Difference in Franel's income using Equity Method =[($360,000 - $190,000)-($360,000 - $6,000 - $190,000]
Difference in Franel's income using Equity Method = $170,000 -$164,000
Difference in Franel's income using Equity Method =$6,000
Therefore How much difference would there have been in Franel's income with regard to the effect of the investment, between using the equity method or using the initial value method of internal recordkeeping is $6,000
Answer: $7000
Explanation:
Given that,
Earns from country A (x) = $26,000
Income Tax rate in country A = 20 percent
Earns from country B (y) = $18,000
Income Tax rate in country B = 10 percent
Jim's US taxable income (I) = $90,000
His US income tax on all sources of income before credits (F) = $19,000
Foreign tax credit :
⇒ Earns from country A × Income Tax rate in country A + Earns from country B × Income Tax rate in country B
= 26,000 × 20% + 18,000 × 10%
= $7000
or
⇒ 
= 
= $9288.8
Therefore, foreign tax credit is lesser of the above, i.e $7000.