Answer:
List is as follows:
(a) Accounts payable - B
(b) Inventory - B
(c) Interest revenue
- I
(d) Long-term debt
- B
(e) Net cash used for financing activities - C
(f) Salary expense
- I
(g) Cash h. Dividends - B, C
(h) Dividends
- R, C
(i) Increase or decrease in cash - C
(j) Net income - I, R, C
(k) Net cash provided by operating activities - C
(l) Retained earnings - R, B
(m) Sales revenue -I
(n) Common stock - B
Answer:
$215,000
Explanation:
The calculation of the total amount of expenses related to Kailey, and to Denber's acquisition of Kailey, for 2014 is given below:
= (Annual amount of amortization related to this acquisition × number of months) ÷ (Total number of months) + (expenses incurred × number of months) ÷ (Total number of months)
= ($15,000 × 4 months ÷ 12 months) + ($630,000 × 4 months ÷ 12 months)
= $5,000 + $210,000
= $215,000
We assume the books are closed on December 31.
Answer:
Attached below is the solution
Explanation:
Given data:
A) prepare the entries on both companies books
B) Prepare entries on both companies
hello attached below is the detailed solution