Answer:
A. the nature of any future transactions planned between the parties and the terms involved
Explanation:
If a business entity entered into certain related party transactions, it would be required to disclose details such as the dollar amount of the transactions for each of the periods for which an income statement is presented,amounts due from or to related parties as of the date of each balance sheet presented,nature of the relationship between the parties to the transactions.
These options are related with the current transactions involved between the two parties.
It will however be wrong and unethical to disclose the nature of any future transactions planned between the parties and the terms involved.
Answer:
<u> c. Mix width</u>
Explanation:
Product mix width can be defined as the total number of product lines that a company has to sell.
As an example, we can mention a cosmetics company that manufactures four different types of products, such as jewelry, perfumes, clothes and makeup.
Companies use the strategy of having different product lines because they add benefits such as attracting more consumers and gaining a larger share of the market.
Answer:
COGS= $250,000
Explanation:
Giving the following information:
Beginning Finished Goods Inventory $72,000
Ending Finished Goods Inventory $68,000
Cost of Goods Manufactured for the period $246,000
To calculate the cost of goods sold, we need to use the following formula:
COGS= beginning finished inventory + cost of goods manufactured - ending finished inventory
COGS= 72,000 + 246,000 - 68,000
COGS= $250,000
Answer:
$13,000
Explanation:
Most property purchased during 2019 and beyond, may be expenses using Section 179 tax deductions. The limit for 2019 was $1 million and that is way more than $13,000. Section 179 is one of the few benefits that small business got from the Tax Cut and Jobs Act, and it can be really useful.
Businesses can deduct the full purchase price of qualifying equipment (used manufacturing equipment qualifies) as long as it was purchased after January 1, 2019. This is an incentive created to encourage businesses to buy more equipment and invest more.
