Answer: Comparability
Explanation:
Comparability describes information that is measured and reported in a similar manner for different companies. It helps users understand the real similarities and differences in economic activities between companies.
Answer:$277,000 should be reported by Kean.
Explanation:
Amount of investment Kean should report = Original cost of investment + share of net income of investors -share of investors dividend.
But ,
share of net income of investors = 30% of net income reported by Pod
= 30 % x $100,000= $30,000
share of investors dividend= 30% of dividend declared by Pod company
= 30 % x 10,000 = $3000
Therefore,
Amount of investment Kean should report = $250,000 + $30,000 - $3,000
=$277,000
Answer:
Correct option is C 6.20
Explanation:
Sales/ Average net operating average
= $115,337/ $18,616
=6.20
Answer:
The above statement is true .
Explanation:
It is true , when a company take decision to move its operations out of the country it will affect its employees , owners , suppliers , distributors , even its customers .
It is because, when company move out , the employees working in it loss their jobs . They become jobless. The suppliers loss their customer. The distributor also loss their customer. The customer may like the product of the company and if the company moves out then they do not get their product which they like. The owner may also suffer loss,as its possible that the product do not gain popularity anywhere else . The company may loss its share. It also effect the economy , as a good earning company always serves to a country .
The general journal entries that Alicia Tax Services will make to record this transaction is :Debit Accounts payable, $690; credit Cash, $690.
Based on the information given since Alicia Tax Services paid the amount of $690 to settle an account payable which means that the appropriate journal entry to record the transaction will be:
Debit Accounts payable $690
Credit Cash $690
(To record account payable)
Inconclusion the general journal entries that Alicia Tax Services will make to record this transaction is :Debit Accounts payable, $690; credit Cash, $690.
Learn more about account payable here:brainly.com/question/1347024
