Answer:
Explanation:
The journal entry is shown below:
 Supplies expense A/c Dr $1,700
                   To Supplies A/c $1,700
(Being supplies account is adjusted)  
The supplies expense is computed below  
= Purchase value of supplies - supplies on hand  at year end
= $2,100 - $400
= $1,700        
For recording, this given transaction we debited the supplies expense account as the remaining balance is transferred to supplies expense and credited the supplies account
 
        
             
        
        
        
Answer:
If you don't trust the other party, you can't resolve conflict with them. You may even come to an agreement but without trust, you won't stick to it. ... In negotiations, parties who trust each other are more likely to cooperate and reveal information that may risk vulnerability.
 
        
             
        
        
        
Answer:
$7,500
Explanation:
Lee, Inc. acquired 30% of Polk Corp.'s voting stock on January 1, Year 1 for $100,000. 
During Year 1, Polk earned $40,000 and paid dividends of $25,000. 
Therefore Lee's dividend income = 0.3 x 25,000 = $7,500
Before income taxes, the amount that Lee should include in its Year 1 Income Statement as a result of the investment will be the dividend earned in year 1 which is $7,500
 
        
             
        
        
        
Answer:
 1.54
Explanation:
As we know that
The DuPont Analysis is 
ROE = Profit margin × Total assets turnover × Equity multiplier
So we considered this formula for Manufacturer A and Manufactured B 
 Profit margin × Total assets turnover × Equity multiplier =  Profit margin × Total assets turnover × Equity multiplier
2.0% × 1.7 × 4.9 = 2.3% × Asset turnover × 4.7
16.66% = 10.81% × Asset turnover 
So, the asset turnover is 1.54
We equate this formula for both Manufactured A and manufactured B
 
        
             
        
        
        
Answer:
Explanation:
SOLUTION
Current year deduction of $3 million, carry forward of $200,000.
Reason:-
Business interest deduction limitation
Business Interest Income = $300000
+ 30% *$9m ie $2.7m
Total current year deduction = $3m
Remaining $200,000 will be allowed next year.