Answer:
B) January 1, 2019
Explanation:
The earliest effective date of the S election after all the shareholders have consented to the election occurs on the first day of the first calendar year following the year that the corporation first had shareholders.
Answer:
Account Title and Explanation Debit Credit
Work In Progress $140,625
(15,000 Units * 2.5 * $ 3.75)
Direct Materials Quantity Variance $5,625
($140,625- $ 135,000)
Materials $135,000
(36,000 * $ 3.75)
Answer:
30 cays
Explanation:
California law establishes a 30 day notice period when a landlord wants to terminate tenancy, including a tenancy that doesn't require a monthly payment like Wayne's situation.
Only a limited number of reasons would allow Bruce to make a shorter notice and they are all very serious issues, e.g. if Wayne did something illegal in the property like selling drugs, or destroyed or damaged severely some part of the property.
D) Excess supply
This is because there is a lot of supply compared to the supply demanded.