Answer:
Loss = $122,881
Explanation:
Relevant Data provided
Bay Back Price of the bond = $103,000
Carrying value of the Bond As on 12/31/2022 = $225,881
As per the given question the solution of gain or loss is provided below:-
Gain or Loss = Bay Back Price of the bond - Carrying value of the Bond As on 12/31/2022
= $103,000 - $225,881
Loss = $122,881
So, we have calculated the loss by using the above formula.
Answer:
Rolling on their tummy's, hand- eye coordination, standing up right, and being able to grasp their own shoes are some physical skills that are developed.
Explanation:
babies steadily gain weight and grow in length throughout this first year, often in growth spurts. Cognitive development . This means how the brain forms its abilities to learn and remember.
Answer:
$1,500
Explanation:
Given that,
Sales = $9,000
Operating costs = $6,000
Depreciation = $1,500
Interest rate = 7%
Federal-plus-state income tax rate = 40%
Operating income or EBIT:
= Sales - Operating costs - Depreciation
= $9,000 - $6,000 - $1,500
= $1,500
Here, the interest rate and taxes were ignored as we want to determine the operating income or earnings before interest and taxes. Interest on bonds is a non operating income.
Answer: C. Debit Work in Process Inventory $110.000, debit Factory Overhead $40,000, credit Factory Wages payable $150,000
Explanation:
Minstrel incurred a factory payroll of $150,000 and $40,000 was indirect.
This $40,000 indirect payroll cost will be treated as Factory overhead and will be debited.
The remaining $110,000 is direct labor costs and it will be apportioned to inventory therefore it will be debited to the Work in Process account.
The total figure of $150,000 represents the amount that the company owes its factory staff so it will be credited to factory overhead to recognize it as a liability.
