Answer:
the Digby Corporation's total liabilities is $156.92 million
Explanation:
The computation of the total liabilities is given below:
Total Liabilities is
= Total Asset - (Total Common Stock + Retained Earnings)
= $210.761 - ($6.350 + $47.491)
= $210.761 - $6.350 - $47.491
= $156.92 million
Hence, the Digby Corporation's total liabilities is $156.92 million
The same should be relevant
I believe the answer is D!
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Answer: forces banks with greater risk to maintain more capital.
Explanation:
The Basel Accord are a set of regulations in the banking industry that enables the proper functioning of banks, if these regulations for banks are strictly adhered to, banks would rarely have problems of total failure which leads to the bank closing up.
The Basel Accord is named after the city of Basel in Switzerland where the meetings took place, the Accord majored on the minimum financial requirements of banks.
$24,800 would be the book value of the asset on January 1, 2019
Explanation:
Straight-line depreciation is a popular depreciation process in which the value of a fixed asset slowly declines over its useful life.
Straight line depreciation is the default method used to slowly reduce the amount of a fixed product over its useful life.
Divide the estimated useful life (in years) into 1 to arrive at the straight-line depreciation rate.
Multiply the depreciation rate by the asset cost (less salvage value).
For example, if a of $20,000 and a useful life of 5 years. The straight line depreciation for the machine would be calculated as follows: Cost of the asset: $100,000. Cost of the asset – Estimated salvage value: $100,000 – $20,000 = $80,000 total depreciable cost.
Answer:
c) $463,000
Explanation:
<u> Goodsell Corporation </u>
<u>FIFO Method </u>
<u></u>
Current Costs
Costs Added $ 427,000
<u>Add Beginning Work in Process Inventory $36,000</u>
<u>Total Current Cost $ 463,000</u>
Cost Transferred Out $ 428,000
<u> Add Ending Work in Process Inventory $35,000</u>
<u>Total Current Cost $ 463,000</u>
FIFO assigns the current period costs to the inventories. Current period costs are obtained by adding the costs transferred out and ending inventories costs or beginning costs and costs added.