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cupoosta [38]
3 years ago
11

The O'Hara Group is owed $1,000,000 by Hilton Enterprises under an 8% note with three years remaining to maturity. The prior yea

r of interest was unpaid. O'Hara agrees to restructure the note under terms that yield a present value of $880,000. The journal entry that O'Hara would make to record this transaction would include a loss on troubled debt restructuring as bad debt expense in the amount of:
Business
1 answer:
storchak [24]3 years ago
4 0

Answer:

The correct answer is  200000

good luck

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Newberry, Inc., whose reporting currency is the U.S. dollar ($), has a subsidiary in Argentina, whose functional currency also i
Mnenie [13.5K]

Answer:

1. $46,000

2.$46,000

Explanation:

According to the scenario, computation of the given data are as follows,

Inventory price = 230,000 pesos

1. Consolidated balance sheet amount = Inventory price × Rate on November 1, 2017

= 230,000 × $0.20

= $46,000

2. Consolidated statement cost of goods sold for the year ending December 31, 2018  = Inventory price × Rate on November 1, 2017

= 230,000 × $0.20

= $46,000

3 0
3 years ago
He difference between the largest and the smallest data values is the
Maru [420]
The Range is the result of subtracting the smallest number from the largest number.
3 0
4 years ago
During 2017, Sheridan Company expected Job No. 26 to cost $300000 of overhead, $500000 of materials, and $200000 in labor. Sheri
vovangra [49]

Answer:

The $885,000 was transferred to Finished Goods

Explanation:

The computation of the transferred amount to finished good is shown below:

= Material used + labor cost + overhead cost

where,

Overhead cost = (Expected overhead ÷ estimated labor) × actual labor cost

= ($300,000 ÷ $200,000) × $150,000

= 1.5 × $150,000

= $225,000

The other items values would remain the same

Now put these values to the above formula  

So, the value would equal to

= $510,000 + $150,000 + $225,000

= $885,000

3 0
3 years ago
Hokey Min's Kleen Karpet cleaned 75 rugs in October, consuming the following resources: Labor: Solvent Machine Rental: 520 hours
mezya [45]

Answer:

0.0075 rugs per dollar

Explanation:

(b)

Total labor cost:

= 520 hours × $15 per hour

= $7,800

Total solvent cost:

= 100 gallons × $5 per gallon

= $500

Total machine rental cost:

= 22 days × $75 per day

= $1,650

Multi-factor productivity:

= Number of rugs ÷ (Total labor cost + Total solvent cost + Total machine rental cost)

= 75 ÷ ($7,800 + $500 + $1,650)

= 75 ÷ $9,950

= 0.0075 rugs per dollar

8 0
3 years ago
Cameron and Drake are making plans for Saturday. Cameron wants to go bowling. Drake does not bowl well and prefers to shoot hoop
mylen [45]
Compromising
because he thought of Drake instead of making him go bowling   
6 0
4 years ago
Read 2 more answers
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