Answer:In May 1944, the Western Allies were finally prepared to deliver their greatest blow of the war, the long-delayed, cross-channel invasion of northern France, code-named Overlord. General Dwight D. Eisenhower was supreme commander of the operation that ultimately involved the coordinated efforts of 12 nations.
Explanation:
Distribution is treated as a deductable to the shareholders of 1:10 to each dollar amount.
Answer:
Explanation:
The possible amount to be received under the contract is (4 × $42,000) + $37,000 = $205,000 in as much that there is 75% possible chance that the $42,000 payment will be received. Thus, for each month Wiggins would receive $205,000/4 of the revenue = $51,250
Now, the Journal Entry is as follows:
Date Particulars Debit Credit
July 31 Cash 42,000
Expected Bonus
Receivable 9250
To Revenue 51250
b) Over the first six months, the expected bonus receivable will have accumulated to $37,000 ($9250 × 4). If Wiggins receive the bonus, we will have the entry as follows:
Date Particulars Debit Credit
October 31 Cash 37,000
Expected Bonus
Receivable 37,000
(being expected bonus
received at the end of
six months)
c) After Six months, If Wiggins does not receive the bonus, we have the following entry :
Date Particulars Debit Credit
October 31 Cash 37,000
Expected Bonus
Receivable 37,000
(being expected bonus
received at the end of
six months)
Explanation:
What major step has the North Korean
