Answer:
The required adjusting entry at the end of the accounting period is : A) Interest expense 4,000 Interest payable 4,000
Explanation:
Interest is Accrued from September 1 ,2004 to December 31, 2014 in the 2014 accounting period. Thus we a period of over 4 months out of the 12 months in a year.
Considering the Matching or Accrual Principle Interest will only be considered for these 4 months only (Revenues and Expenses must be recorded in the period in which they Accrue or Incur)
Calculation of the Interest expense and the Interest Payable is :
=$100,000 × 12% × 4/12
=$ 4,000
Answer:
is this a question? maybe you could give more context.
<span>A nation seeking to escalate its overall productivity might
be best assisted by investing money into technology. Developments and advances
in technology which interprets into a more productive economic activity as
creation and delivery of goods and services are improved.</span>
Answer:
The value of the intangible will remain at $350,000
Explanation:
The reason is that the International Accounting Standard IAS-36 says that once the impairment is recognized for the intangible assets it can not be reversed which means that the amount reported would be $350,000. The reason is that it is very rare that the asset gain its value and specially those which are intangible assets. Most of the management in the 1990s-2000 tried to recognize a gain on impairment which was unjustifiable to increase their profits for the period so the standard specifically didn't permitted gain on a previously impaired asset.
Answer:
$0.135
Explanation:
To solve the following, we should use the following method
For us to be able to determine the price base on put call parity
The formula for put call parity is gives as c + k = f +p, meaning the call price plus the strike price of both options is equal to the futures price plus the put price.
