Answer:
the journal entry for the acquisition
Debit : Assembly Robots $594,000
Credit: Cash $594,000
Explanation:
First, identify if the item is an asset, liability, equity or income. The assembly robots represents Assets as economic benefits will flow into the entity as a result of their use.
Next, assets are initially measured at their cost which is purchase price plus any costs directly related to placing the asset in the location and condition intended for use by management.
Cost of the Assembly Robots is $594,000
Answer:
$20 million
Explanation:
The computation of the ending inventory if FIFO is used
= LIFO reserve + Ending inventory based on LIFO inventory
= $3 million + $17 million
= $20 million
We simply added the LIFO reserve and LIFO ending inventory so that FIFO ending inventory can be computed. Hence, we take all the items for the computation part.
Answer:
$16,100
Explanation:
The computation of the amount included in the federal taxable income is shown below:
= Winning of car price + winning amount + credit and sign up bonus
= $15,500 + $500 + $100
= $16,100
hence, the amount involved in the federal taxable income is $16,100
We simply applied the above formula so that the correct value could come
Here is the correct answer of the given question above. In economics, the complementary good to energy drinks would be SWEETS. In economics, a complementary good is defined as the good that can be used along with other goods. In addition, a substitute good for energy drinks can either be coffee or tea. Hope this answer helps.
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