Fund only individual citizens; fund only projects for states and localities
Answer:
c) Credit to Cash for $242
Explanation:
Petty cash, beginning = $300
Delivery expense = $53
Merchandise inventory = $167
Miscellaneous expense = $22
Petty cash, Ending = $58
The journal to record the reimbursement of the accounts will be:
Event Account Title and Explanation Debit Credit
1 Delivery expense $53
Merchandise inventory $167
Miscellaneous expense $22
Cash $242
Answer:
a.$4,704
Explanation:
Depreciation rate applicable for 2nd year as per MACRS 5 year class property = 32%
So, Irene cost recovery deduction = $21,000 * 32% * 70% = $4,704
Hence, the cost recovery deduction for Irene in 2020 is $4,704.
Answer:
Organizational
Explanation:
An organizational structure in one in which certain activities are aligned to achieve the ultimate goal of the organization. Here also Apple Inc. has arranged all similar types of set of machines together to get particular output product. The cost drivers in organizational composition can influence the output of a company.
Answer:
The correct answer is option B.
Explanation:
Amortization is a technique used in accounting. It involves the process of spreading payment over multiple periods. In accounting, amortization refers to the allocation of the cost of intangible assets over its lifetime.
For instance, amortization of a loan means spreading the interest and principal of the loan over its lifetime. It means fixed monthly payments of interest and principal.
