Answer
The answer and procedures of the exercise are attached in a microsoft excel document.
Explanation
Please consider the data provided by the exercise. If you have any question please write me back. All the exercises are solved in a single sheet with the formulas indications.
Answer:
False
Explanation:
When using an email to request an action the subject line should be brief but specific. Leaving a vague subject line can often confuse another, however, making the subject line too lengthy and specific defeats the purpose. The best subject lines are brief but give a general idea of what the email contains.
Net income is the amount that will be earned after all the taxes have been subtracted from the paystub amount.
<h3>
The net income for the paycheck</h3>
Given Information:
- Paycheck=$329.40
- Paystub=$400.00
- Medical tax=$5.80
- Social security tax=$24.80
- Federal tax=$40.0
The Net income is therefore:-
Net Income=Paystub-Medical tax-Social security tax
Net Income= 400 - 5.80 - 24.80 - 40
Net Income= $329.40
In conclusion, the net income is $329.40.
Learn more about Net income, refer to the link:
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Answer:
Dr Investment in Spicer $123,000
Cr Equipment $123,000
Dr Equipment $24,600
Cr Depreciation expense $24,600
Explanation:
Preparation of the consolidation adjustment that must be made to the Equipment account when preparing consolidated statements for Preibus as of 12/31/2017
Dr Investment in Spicer $123,000
Cr Equipment $123,000
(1,600,000-1,723,000)
(To record the equipment at their fair value)
Dr Equipment $24,600
Cr Depreciation expense $24,600
($123,000/5 years)
(To record excess Depreciation charged on overvalued Equipment)
This is referred to as dual enrollment.