pension expense may be greater than, equal to, or less than the amount funded.
Answer: Option B.
<u>Explanation:</u>
Pension expense is the expense that a trustee has to bear to give pensions and other offerings to the people who have retired from the services which they were offering.
The amount that the trustee will get in the form of amount funded does not necessarily be the same amount as the expenses of the cash given in the form of pension. It can be greater than equal to or even lesser than the expenses made.
Answer:
Net cash provided by operating activities is $45,940
Net change in cash during the year is $56,030
Explanation:
Net cash provided by operating activities = Net income $43,400 + Depreciation expense 5,490 - Increase in accounts receivable 11,440 + Increase in accounts payable 8,490 = $45,940
Net change in cash during the year = Net cash provided by operating activities $45,940 - Dividends paid 5,210 - Purchase of equipment (capital expenditure) 8,720 + Issue of notes payable 24,020 = $56,030
In the scenario in which both Lloyd and Harry are claiming patent protection for the same invention
that each independently created, the rights to protection will be
awarded to <span>the one who actually completed the invention first.</span>
This follows from the American standard which states that the "first-to-invent" is awarded the patent.
Answer:
a) help to evaluate what happened in the past.
Explanation:
The financial statement interprets the financial performance, profitability, position of the company. It involves the income statement, balance sheet, cash flow statement, etc through which the business could be analyzed in a better way
Also it helps to analyze and evaluate what is happened in the past
Therefore the option a is correct
Answer:
$60
Explanation:
For computing the target cost, first we have to determine the profit per unit which is shown below:
= Selling price × return on sales percentage
= $80 × 25%
= $20
Now the target cost would be
= Selling price per unit - profit per unit
= $80 - $20
= $60
All other information which is given is not relevant. Hence, ignored it
