Answer:
b) $6,000
Explanation:
The computation of the leased asset to be recorded at the beginning of the lease is shown below:
= Present value
= $6,000
In the case when the asset recognized under lease, so the present value would be determined
Therefore the same is to be considered
Hence, the correct option is b.
And, the rest of the options are incorrect
Answer:
$6,000
Explanation:
The computation of the amount reported as a capital is shown below:
= Beginning capital + Investments + Income - Drawings
= $2,000 + $0 + $5,000 - $1,000
= $6,000
According to the cash basis accounting method, the excess of cash revenues over the cash expenses should be considered as an income
Hence, the amount reported as a capital is $6,000
hence, the third option is correct
Answer:
The preparation is shown below:
Explanation:
The preparation of the month of June income statement for Crane Company is shown below:
Crane company
Income statement
Revenue
Service revenue $7,900
Total revenues $7,900 (A)
Less: Expenses
Supplies expense $1,155
Maintenance and repairs expense $690
Advertising expense $400
Utilities expense $210
Salaries and wages expense $1,100
Total revenues $3,555 (B)
Net income $4,345 (A- B)
And, the preparation of the retained earning statement is presented below
Crane company
Retained Earning statement
For the month of June
Beginning balance of retained earning $0
Add: Net income $4,345
Less: Cash Dividend paid -$1,738
Ending balance of retained earning $2,607
Coal is the fuel that is being used on a large scale in the last century to supply energy, which began to be utilized most recently.
Before coal are used to run a train and steam engines. Coal are used to cook foods and there are other things.<span />
Answer:
Explanation:
MBO refers to Management by Objectives, and is a management technique in which managers and employees work together in order to set, record, and monitor goals. That being said, the first two steps of the Management by Objectives technique are to jointly set objectives with their employees and to have managers develop action plans
