Answer:
D. a gain of $1,000,000 and an increase in income tax expense of $350,000.
Explanation:
Given that
The gain is $1,000,000
And, the taxes is $350,000
So here the income statement that disclose the impact is that
There is a gain of $1,000,000 and also at the same time the income tax expense is rise by $350,000
Therefore the option d is correct
hence, the same would be considered
Answer:
e. 1,875.17
Explanation:
The computation of the market price i.e. present value is as follows:
Given that
RATE = 6.3% ÷ 2 = 3.15%
NPER = 21 × 2 = 42
PMT = $2,000 × 5.76% ÷ 2 = $57.6
FV = $2,000
The formula is given below:
=-PV(RATE,NPER,PMT,FV,TYPE)
After applying the above formula, the market price is $1,875.17
To get the future value of this amount, we should use the
formula I = Prt so that we could get the interest and then add it to the
principal amount to get the future value.
I = Prt
Where: P stands for principal, r for the rate and t for
time.
Plugging in the values in the given:
I = (750) (0.025) (1)
Interest = 18.75
Future value = Principal + Interest
= 750 + 18.75
= 768.75
The answer is letter a.
Answer: I found the example chart and the correct answer is " $ 100".
Explanation: With the lower interest rates in this example, Businesses invested an additional <u>$100</u> billion in new productive projects such as nano-engineering and advanced internet equipment and training.
Answer: The correct answer is B. debit Fees Revenue and credit Unearned Fees Revenue, $3,000
Explanation: As at 1 April 2016, the $12,00 Johnson Bookkeeping received should have been a debit to cash and credit to unearned fees revenue. Since that was a misposting and considering the fact that 9 months had already passed, the firm has to prorate the fees that has been earned by 9/12*$12,000=$9,000 (this stays in fees revenues at (31 December 2016). Remember the fees received is for a 12-month period (1 April 2016 to 31 March 2017). So, we have to report $3,000 ($12,000 minus $9,000) as unearned fees as at 31 December 2016.
However, Johnson Bookeeping would experience a spike in revenue in April 2016 management reporting due to the misposting and subsequently there would a decline, all other things held constant, in revenue. On a normal day, if the posting was accurately done to unearned fees revenue, the firm would amortize over 12 months to fees revenue, that is $1,000 every month.