Answer: $322,000
Explanation:
Consolidated income = Net income from Ackerman + Net Income from Brannigan + Excess depreciation - Amortization of unpatented tech - Gain from transfer of equipment
Excess depreciation = New depreciation of equipment - Old depreciation
Depreciation is straight line;
= (200,000/5 years) - (110,000/5)
= $18,000
Gain from transfer of equipment
= Sales - Book value
= 200,000 - 110,000
= $90,000
Consolidated income = 300,000 + 98,000 + 18,000 - 4,000 - 90,000
= $322,000
Answer:
The answer is: a
Explanation:
In accounting for financial transactions, there are generally accepted standards used in practice. These standards are based on accounting principles that are designed to result in more consistent and comparable financial statements. One of these principles is the matching principle, where revenues recognised are matched with expenses incurred to generate that revenue.
In line with this principle, revenues should be matched with expenses at the time which the transaction, in this case the sale, occurs. An estimate of the amount receivable that is deemed noncollectable at the time of the sale is recognised as a bad debt expense and an adjustment is made in the allowance for doubtful debts account* in the period which the sale occurs.
*this account increases on the credit side and effectively reduces the accounts receivable amount
Answer: 80%
Explanation:
If the margin requirement was 25% then the amount of cash you invested is;
= Total value * margin requirement
= 5,000 * 25%
= $1,250
The price increased to $60 and now you have $6,000.
The return is;
= (New Price - Old Price) / Invested amount
= (6,000 - 5,000) / 1,250
= 80%
The correct answer to this open question is the following.
Japan is dealing with economic concerns about an aging population in the following way. The Japanese government is inviting the seniors in Japan to not retire, instead, encouraging them to continue to work and be productive. Statistics show that 20 to 22% of Japan's population is seniors, older than 65 years. So that is why the Japanese government invites people to keep on being productive, generation some income for them, and extending the moment in which the government has to pay pensions.
Answer:
(A) Total assets,
(C) Cash from operations and
(D) Total liabilities
Explanation:
A company collecting $10,000 cash from a customer as a deposit for goods that will be shipped next quarter is an example of an unearned revenue. It is receiving money from the customer in advance for the good or service yet to be provided.
And this is considered as a liability and recorded in the balance sheet as such because the company now owes the customer.
When the good or service is now provided, it increases the total assets.