Business will be able to save the money they will recieve back from taxes.
Answer:
Revenue from investment = 229,400
Explanation:
Given:
Purchased shares = 37,000
Value per share = $52
Sherman Corporation total shares = 100,000
Cash dividends = $162000
Net income = $620000
Find:
Revenue from investment = ?
Computation:
Revenue from investment = Net income (Purchased shares / Sherman Corporation total shares)
Revenue from investment = $620000 (37,000 / 100,000)
Revenue from investment = 229,400
Answer: 2. biased; the question encourages a certain response.
Explanation:
The question is biased because it already makes assumptions of the two activities.
It labels football games as EXCITING whilst asking if one would 'SIT THROUGH' choir recitals which is a way of saying that the choir recitals are BORING.
This question therefore elicits a certain response as most people would go with the Exciting activity so as not to be seen as boring people who would go to choir recitals.
The condition for which revenues are recognized even when the cash is collected in a different accounting period is;
- Services are provided even if cash has not yet been collected, in cases of accrual basis accounting
<h3>Revenue recognition</h3>
Two major forms of revenue recognition exist;
- When Cash is collected from customers. This is the case when the organisation uses cash basis accounting
- When services are provided even if cash has not yet been collected. This is the case when the organisation used accrual basis accounting
Read more on revenue recognition;
brainly.com/question/26274038
Answer:
Lopezâs bonus expense is computed as $40,777. Therefore,
The Journal entries are as follows:
(i) On December 31,
Employee bonus expense A/c Dr. $40,777
To Bonds payable A/c $40,777
(To record the bonus due)
(ii) On January 19,
Bonds payable A/c Dr. $40,777
To Cash A/c $40,777
(To record the payment of the bonus to employees.)
