Answer:
Another term for trade balance would be trade deficit.
Answer:
Explanation:
Answer:
$200000 + $200000 +$50000(to COLE's bonus)
= $450000
Ruby corporation uses accrual method.
A corporation that is using accrual method, cannot claim a deduction for an accrual with respect to a related party until the recipient reports that amount as income.
Here, Cole owns more than 50% (55%) so its a related party and it will report bonus on february 1,2017
Therefore, Ruby can not deduct bonus payable to oliver in 2016
Hence total deductible in 2017 would be $450000.
Answer:
$18,000
Explanation:
The computation of the amount of manufacturing overhead is shown below:
But before that first determine the overhead rate which is
= $30,000 ÷ 2,000
= $15
Now the amount of manufacturing overhead applied for Job A-101 is
= $1,200 × $15
= $18,000
Hence, the amount of applied manufacturing overhead is $18,000
Based on the fact that London Corp, issued 1,000 shares at $20 per share, the effects of this transaction are:
- Increase in cash
- Increase in common stock
<h3>What happens when stock is issued?</h3>
When stock is issued newly, the stock will be sold for cash which in this case is;
= 1,000 x 20
= $20,000
This means that cash in the company has increased.
Something else that will increase is the common stock. This is the account where the value of the issued stock will go to.
Find out more on stock issuance at brainly.com/question/25562729
#SPJ1
