Answer:
manufacturing overhead
Explanation:
To record the utility expense in a job order cost system, the manufacturing overhead account is debited as it has come under the manufacturing overhead cost like indirect material, indirect labor, rent on the factory, insurance of factory, etc
So, only the manufacturing overhead account is debited as the utility expense is incurred
Answer:
c) increase; decrease
Explanation:
Macro prudential policies or regulations basically aim for company's entire financial risk management. This tries to regulate the risk by various steps and measures.
In the given case also,
By increasing the capital requirements during the expansion because expansion would result in great performance and that decreasing the capital requirements during the down turn as the performance would not be good.
Answer:
Julie’s can deduct $2,000 in 2020
Explanation:
In 2020 rents for only two months November 2020 and December 2020 are accrued
First calculate the monthly rent
Monthly rent = Rent paid / Month for which rent paid = $24,000 / 24 months = $1,000 per months
Now calculate the rent deduction to be made by Julie in 2020
Rent deduction 2020 = Numbers of months accrued in 2020 x Monthly rent = 2 months x $1,000 per month = $2,000
Answer:
correct option is a. No impairment should be reported
Explanation:
given data
carrying amount = $1,600,000
net cash flows = $1,630,000
fair value = $1,360,000
to find out
amount report as an impairment to its equipment
solution
we know that here impairment loss is carrying amount - higher of fair market value and value in use ..................1
here recoverable value is = $1630000
so
impairment loss is = $1600000 - $1630000
impairment loss = - $30000
here loss is negative
so that correct option is a. No impairment should be reported
Answer:
20%
Explanation:
Public Limited Companies pay Corporation tax rates, currently set at 20%, on their taxable profits. There are also tax-deductible costs and allowances that can be offset against the company profits for even greater tax savings.