Answer:
Please find the complete question in the attached file.
Explanation:
Answer:
$63,500
Explanation:
Calculation to determine Jerry's adjusted basis in his partnership interest at the end of the year
Using this formula
Partnership interest adjusted basis =Partnership interest+Cash contribution+Long-term capital gain+Qualified dividends -Reduction in partnership debt -Non-deductible expenses-Reported an ordinary loss
Let plug in the formula
Partnership interest adjusted basis=$42,000+ $28,000 + $4,800 + $3,800 - $5,800 - $2,300 - $7,000
Partnership interest adjusted basis = $63,500
Therefore Jerry's adjusted basis in his partnership interest at the end of the year will be $63,500
Answer:
1. Situation is that a Stockholder has filed a lawsuit against C corporation.
Accounting treatment: Neither record nor disclose any liability.
Since the liability is not at all possible, it should be neither recorded nor disclosed.
2. Situation: F signed a 60 days, 10% note when it purchased items from another company.
Account treatment: Record the liability on the balance sheet.
Real liability that is both certain and the liability amount can also be reasonably estimated. It should be recorded on the balance sheet.
3. The EPA notifies S co that a state where it has a plant is filing a lawsuit.
Account treatment: Disclose the liability in a financial statement footnote.
The liability is probable but not certain and liability amount can also be reasonably estimated. It should be disclosed in financial statement footnote.
4. Situation: Company manufactured and sold products to a retailer that later sold product to consumer.
Account treatment: Record the liability on the balance sheet.
Real liability that is both certain and the liability amount can also be reasonably estimated. It should be recorded on the balance sheet.
Answer:
The correct answer is A.
Explanation:
Giving the following information:
The master budget of Windy Compay shows that the planned activity level for next year is expected to be 50000 machine hours. At this level of activity, the following manufacturing overhead costs are expected: Indirect labor $720000 Machine supplies 180000 Indirect materials 210000 Depreciation on factory building 150000
Total manufacturing overhead $1,260,000
A flexible budget for a level of activity of 60000 machine hours would show total manufacturing overhead costs of:
Variable overhead= 720,000 + 180,000 + 210,000= 1,110,000
Unitary variable overhead= 1,110,000/50,000= 22.2
For 60,000 units:
Total overhead= 22.2*60,000 + 150,000= $1,482,000
Answer:
D. a headline and description text that encourages people to sign up for a tour, and uses location extensions so they know where the client’s business is located
Explanation:
Mobile devices use has become more.common in recent times with most adults and children owning a mobile device.
As such it is important to optimise website content to mobile devices to make your website more accessible by mobile users.
So if an advertisement is placed to promote the child daycare facility to parents researching childcare on their mobile devices, the main aim is to get parents to sign up and locate the child care.
The best option will be to use appropriate copy (headline and description) to highlight what is unique about the facility. This will compel parents to take interest in the child care.
