1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Scrat [10]
3 years ago
12

Deferral adjustments are needed when the business:

Business
1 answer:
prisoha [69]3 years ago
6 0

Answer:

The correct answers are the options B and D: Pays cash before the expense has been incurred. And receives cash before the revenue has been generated.

Explanation:

To begin with, in the accounting field the term of "Deferral Adjustments" refers to those that the accountant does when they postpone the report of it in the income statement until a later period, so that means that when an event happens they might decide to postpone the report of that particular transaction doing what it is called "defer". Moreover, the two most common cases when the accountants use this technique are the ones choosen from the options, the cases B and D.

You might be interested in
Perch Co. acquired 80% of the common stock of Float Corp. for $1,600,000. The fair value of Float's net assets was $1,850,000, a
Nikolay [14]

Complete question:

Perch Co. acquired 80% of the common stock of Float Corp. for $1,600,000. The fair value of Float's net assets was $1,850,000, and the book value was $1,500,000. The non-controlling interest shares of Float Corp. are not actively traded. What amount of goodwill should be attributed to the non-controlling interest at the date of acquisition?

a. 150,000

b. 250,000

c. 0

d. 120,000

e. 170,000

Answer:

150,000 of goodwill should be attributed to the non-controlling interest at the date of acquisition

Solution:

A non-controlling interest (NCI) is a role in which a owner holds less than 50% of remaining and has little control over decisions. A minority ownership is often known as the minority interest. Non-controlling interests are calculated by their net worth and are not eligible for future right to vote.

Now , Calculate the amount

Cost(PP) - 1,600/0.8 = 2,000

FV - 1,850

GW = 1,850 - 2,000

     = 150,000

8 0
3 years ago
How do cellphone companies promote their product?​
lord [1]

Answer:

they promote there company by advertising the product making commercial

7 0
3 years ago
Read 2 more answers
Once Miracle learned of the competing printer and adjusted the expected future cash flows from its original​ patent, was this as
Darya [45]

Answer:

(a) Entry for purchase of patent :

Patent a/c debit $600,000.

To Cash / Bank A/c. $600,000.

(b) Amortisation : (legal protection for 20 years) >> 600,000/20 = 30,000 per annum

Amortisation expenses -Patents $30,000

To Patents account $30,000

(c) Impairment Loss on Patents ac. debit 270,000 (see calculations below)

To Patents account 270,000

(Value of patents at end of 4 years = 600000-120000=480,000)

Expected future value = 210,000

Impairment = 480,000-210,000=270,000

7 0
3 years ago
Increased government spending for investments such as highways or harbors financed by increasing the public debt would most like
zavuch27 [327]

Answer:

Complement private investment

Explanation:

7 0
2 years ago
a conflict will exist between the npv and irr methods, when used to evaluate two equally risky but mutually exclusive projects,
Fiesta28 [93]

True-No conflict will exist between the NPV and IRR methods, when used to evaluate two equally risky but mutually exclusive projects, if the projects' cost of capital exceeds the rate at which the projects' NPV profiles cross.

<h3>What is NPV and IRR methods?</h3>

While the IRR approach calculates the projected percentage return, the NPV method produces the predicted dollar worth of a project.

Purpose. The breakeven cash flow level of a project is the emphasis of the IRR approach while project surpluses are the subject of the NPV method.

assistance with decisions. Since it provides a dollar return, the NPV approach delivers an outcome that serves as the basis for an investment decision. The IRR approach is not helpful in making this choice because its percentage return does not indicate to the investor how much money will be produced.

Reinvestment rate. When NPV is utilized, the firm's cost of capital is the assumed rate of return for reinvesting intermediate cash flows; when it is the internal rate of return.

To learn more about NPV and IRR methods from the given link:

brainly.com/question/21241533

#SPJ4

5 0
2 years ago
Other questions:
  • Planning for acquisition support activities and requirements that deal with fielding/deployment should begin as early as the: [I
    14·1 answer
  • The Evanstonian is an upscale independent hotel that caters to both business and leisure travelers. On average, one-third of the
    15·1 answer
  • Effective lessons planning helps early childhood teachers
    10·1 answer
  • When women and minorities hit an invisible barrier within an organization that, because of discrimination, prevents individuals
    14·2 answers
  • You can spend $10 for lunch and you would like to purchase two cheeseburgers. When you get to the restaurant, you find out the p
    8·1 answer
  • Imani, the CEO of Dynamic Health, wants managers and employees to instruct each other about the organization’s chosen values and
    12·1 answer
  • What is the most appropriate thing to do when you arrive at a table with a family praying while delivering food in a restaurant?
    14·1 answer
  • On January 1, 2019, Patrick Polk purchased real estate as an investment. On April 1, 2019, Patrick exchanged it for other real e
    8·1 answer
  • You are to interview an entrepreneur, then summarize the interview questions. This assignment is worth 4 grades.
    12·1 answer
  • Michael’s personal property in his college dorm room is insured by an endorsement on his parents’ homeowners insurance. The dedu
    9·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!