Answer:
$9,000
Explanation:
Given that,
Trapp Company reported,
Net income for 2019 = $110,000
Dividends paid on November 1, 2019 = $60,000
Grape Company owns 15% of the common stock of Trapp.
Using a fair-value method,
Therefore,
Income earned by Grape company is as follows:
= 15% of the total amount of dividend paid
= 0.15 × $60,000
= $9,000
Answer:
$37,100
Explanation:
The computation of the adjustment made to Allowance for Doubtful Accounts is shown below:
= Ending account receivable balance × uncollectible percentage - credit balance of Allowance for Doubtful Accounts + written off amount
= $235,000 × 10% - $22,300 + $35,900
= $23,500 - $22,300 + $35,900
= $37,100
We simply applied the above formula so that the adjustment amount could arrive
Home goods has things like that or world market
Answer:
$12,100
Explanation:
Data provided;
Accumulated Depreciation = $3,200
Fees Earned = $17,400
Depreciation expense = $1,300
Insurance Expense = $200
Prepaid Insurance = $4,800
Supplies = $900
Supplies Expense = $3,800
Now,
The Net income
= Fees Earned - Depreciation Expense - Insurance Expense - Supplies Expense
= $17,400 - $1,300 - $200 - $3,800
= $12,100
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employers might do a reference check
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some even do a credit check
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needs to develop a set of skill requirements needed for a job
