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Explanation:
Answer:
Explanation:
Preparation of the income statement for Sunland Company ending December 31, 2022 is presented below:
Sunland Company
Income statement
Revenue
Service revenue $67,280
Total revenues $67,280 (A)
Less: Expenses
Advertising expense $2,080
Rent expense $12,000
Utilities expense 2,900
Salaries and wages expense 34,800
Total expenses $57,780 (B)
Net income $15,500 (A- B)
Simply we deduct the total expenses from the total revenues so that the net income could arrive
The answer to this question is active style of listening
active style of listening involves direct focus and attention to whoever your communication partner is.
Nodding his hands appropirately after a certain response could be used as an indicator because it indicates that fred making a conscious effort to listen to the communication partner.
Answer:
E. All of the above
Explanation:
all of the given options qualify as being true about cost allocation.
Answer:
The correct answer is:
John's capital account for $35,300 (c.)
Explanation:
In the admission of a new partner, the purchase of ownership from an existing partner to a new partner is entirely a personal transaction between the existing partner and the new partner, and the extent of partner bonus (the interest sold on the original partnership amount) is acquired by the exiting partner, but this bonus is not reflected in the partnership agreement, hence the amount credited into the new partner's account is the same as that owned previously by the exiting partner, irrespective of how much the partnership ownership was sold for.
Hence, since Bobbi's partnership capital was $35,300, John's account would be credited with the same amount even if the ownership was sold for $55,900, as the bonus goes to Bobbi.
