Answer: During the year after the acquisition, the undervalued equipment will exceed Abbott's investment revenue by $1,200.
Explanation:
Multiply the amount exceeded of its carrying value by the % shares owned by Abbott.
Then divide the result by the useful life value of Barta's equipments
= (20,000 x 30%) / 5
= $1,200
tbh idk some people has said he escaped others say hes still in there but whatever it is he needs to make another album.
Answer:
No
Explanation: The key word is it was earned as result of the connection to the firm so it is split between the partners
Answer:
Explanation:
Return on common stockholders' equity for 2015:
(Net income - preferred stock)/Equity
(63,000-5,400)/2,400,000 = 57,600/2,400,000 = 2.4%
Return on common stockholders' equity for 2015:
(99,000-5,400)/3,000,000 = 93,600/3,000,000 = 3.12%
From these calculations, it is clear that return has improved.
Answer:
Bad debts expenses Debit $ 11,750
Allowance for uncollectible receivables Credit $ 11,750
Explanation:
The allowance for uncollectible accounts receivables balances are calculated as a percentage of the receivable balance.
The receivable balances as at December 31, 2018 is
Services provided on account $ 154,000
Cash collections received <u>$ 107,000</u>
Receivables from services uncollected <u>$ 47,000</u>
Estimated percentage considered uncollectible 25 %
Allowance for uncollectible accounts $ 47,000 * 25 % = $ 11,750
