Answer:
D. A presentation.
Explanation:
A presentation is the way toward presenting a topic to a crowd of people.
Answer: Both the current portion of the tax expense of $40 and the deferred portion of the tax expense of $10.
Explanation:
When calculating the net income on the income statement, both the current portion of the tax expense as well as the deferred portion should be included.
In this scenario that would lead to a net income of:
= Pretax accounting income - Current portion - Deferred portion
= 195 - 40 - 10
= $145
Answer:
journal entry are as given below
Explanation:
given data
carrying value = $56,800
bonds decreased value = $48,100
solution
we know that here impairment loss for organization when future estimate value of assets is less than carrying value of assets
and all loss and expenses are debit
and by the impairment loss value of investment decline so maturity id credit
so here
impairment loss is
impairment loss = carrying loss - decrease value ............1
impairment loss = $56,800 - $48,100
impairment loss = $8700
so journal entry are as
date title Debit Credit
Impairment loss $8700
investment held to maturity $8700
Answer:
The correct answer is B
Explanation:
Financial assets are those assets which is defined as the liquid assets and that derive or gets its value from the ownership claim or the contractual right. Its example are bank deposits, cash, mutual funds, bonds and stocks.
These are contributed indirectly to the productive capacity of the country because these (financial assets) permit or allow the individuals or business to invest in governments or firms, which in return allow the government and business to increase the productive capacity.
Answer:
option (b) $800
Explanation:
Data provided in the question:
Amount to be received = $4,800
Duration = 1 year
Date on which the contract was signed = November 1, 2018
Now,
For the year 2018, the number of months left are 2
therefore,
Revenue to be recognized in 2018
= [Amount to be received ÷ Duration in months ] × Months left in 2018
= [ $4,800 ÷ 12 ] × 2
= $800
Hence,
The correct answer is option (b) $800