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lord [1]
3 years ago
15

Zach Company owns 45% of the voting stock of Tomas Corporation and uses the equity method in recording this investment. Tomas Co

rporation reported a $20,000 net loss. Zach Company's entry would include a _________.a. debit to the investment account for $9,000
b. credit to cash for $9,000

c. credit to a loss account for $9,000

d. credit to the investment account for $9,000
Business
2 answers:
Sunny_sXe [5.5K]3 years ago
6 0

Answer:

d. Credit to the investment account for $9000.

Explanation:

Since Zach company owns 45% of the voting stock in the Tomas corporation and Tomas corporation uses an equity method in recording this investment and it reports a net loss of $20,000.

The Zach company's entry would be Credit to the investment account for $9000.

- Calculations: $20000 * 0.45 = 9000.

Hope this helps.

ThankYou.

andriy [413]3 years ago
3 0

Answer:

The correct answer is option D. credit to the investment account for $9,000

Explanation:

0.45 x $20,000 = $9,000

Hence the answer is D. credit to the investment account for $9,000

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Answer:

C. Bluestone Properties is permitted to charge a rent of​ $2,350 for​ 2-bedroom apartments that would rent for​ $2,500 in an unregulated market. 

Explanation:

Rent ceiling is a form of price control which is known as price ceiling.

A price ceiling is when the government or an agency of the government sets the maximum price for a good or service.

Rent ceiling increases consumer surplus and reduces Producer surplus.

Rent ceiling can lead to shortage of houses and emergence of black market.

Price ceiling is binding when it is set below equilibrium price.

I hope my answer helps you

3 0
3 years ago
Marin Printing, Inc., prints and binds encyclopedias. The following information was found in the accounting records: Sales price
amm1812

Answer:

$578,500

Explanation:

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Direct materials per unit = $ 51

Direct labor per unit = $14

Variable overhead per unit = $ 10

Fixed overhead per unit = $ 23

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Variable selling costs = $ 166,300

Beginning inventory = 0

Units produced = 106,700

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Under absorption costing,

Unit product cost:

= Direct materials per unit + Direct labor per unit + Variable overhead per unit + Fixed overhead per unit

= $51 + $14 + $10 + $23

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= $10,525,800 - $9,731,400

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= Fixed cost + variable cost

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= $215,900

Marin’s operating income:

= Gross margin - Total selling and administrative overheads

= $794,400 - $215,900

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7 0
3 years ago
Services provided by a public-service companies, such as water, electricity and gas are all known as
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You were hired by a small business as the project manager of a project involving a market analysis. This project will determine
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Answer:

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The amount of effort employees exert on a specific task depends on their expectations of the outcome is called__________.
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Answer: Expectancy Theory.

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3 years ago
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