Answer and Explanation:
The computation is shown below
1. The adjusted balance in the retained earning is shown below:
= beginning balance of retained earning + adjusted net income
where,
beginning balance of retained earning is $860,000
And, the adjusted net income is
= $68,000 × (1 - 0.35)
= $44,200
So, the adjusted balance in the retained earning is
= $860,000 + $44,200
= $904,200
2. Now the journal entry is
Inventory $68,000
To Retained earning $44,200
To Tax payable $23,800 ($68,000 × 35%)
(Being the adjustment of ending inventory is recorded)
It increased the inventory and along with it it also increased the equity and liabilities so the respective account is debited and credited
Answer:
Trademark.
Explanation:
Trademark is a type of intellectual property that involves use of a unique design to legally differentiate a product from others in the market. It shows a particular product belongs to a company.
Elizabeth should first of all get a trademark on her picture frames so that they will be legally protected from copying by others.
Answer:
b. the equity method.
Explanation:
The equity method is used when the investor company will own approximately 20% to 50% of the common stock of the investee company. This method is used because the investor company will have significant influence over the actions taken by the investee company. The investee company will generally be considered an affiliate company, but not a subsidiary.
The answer
is False, whereas training focuses on specific job-related skills, development
is aimed at helping managers improve more general skills such as time
management, motivating employees, and solving problems. <span>Cognitive
ability tests are seen as aptitude tests because they focus on the question of
whether the person will be able to perform some specific task in the future.</span>
Answer:
Make or Buy
Explanation:
Based on the information provided within the question this is known as a Make or Buy decision. Like mentioned in the question this is when a company chooses to produce a product and it's activities internally (meaning within their company or their subsidiaries) as opposed to buying it externally (outsourcing).
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