Answer: the correct answer is D. none of these answers is correct.
Explanation: A transfer price exists for accounting purposes when diverse divisions on a multy entity company are in charge of their own revenues.
The operating cash flows from net sales over the life of the project
Answer:
a)
30 September 2020 Depreciation expense $5150 Dr
Accumulated Depreciation $5150 Cr
b)
30 September 2020 Cash $16900 Dr
Accumulated Depreciation $47150 Dr
Loss on Disposal $7250 Dr
Equipment $71300 Cr
Explanation:
a.
we will record the first nine months 2020 depreciation expense and credit the accumulated depreciation account by this amount to update the account.
b.
We will calculate the accumulated depreciation amount till 30 september 2020 = 42000 + 5150 = 47150
The carrying value of the equipment = 71300 - 47150 = 24150
The loss on disposal = 16900 - 24150 = 7250
The cash received, loss on disposal and accumulated depreciation account will be debited and the equipment account will be debited.
Overtype it’s the only one that makes sense out of those choices
Answer:(a) $8,900
(b) -($4,200)
(c) -($13,100)
(d) -($13,100)
Explanation:
Given that,
Amount invested by shareholders = $230,000
Debt securities purchased for cash = $101,000
Received cash interest on securities = $8,900
unrealized holding loss on these securities = $13,100
(a) Net Income = $8,900(Cash interest received)
(b) Comprehensive Income = Net Income - unrealized holding loss
= $8,900 - $13,100
= -($4,200)
(c) Other Comprehensive Income = unrealized holding loss
= -($13,100)
(d) Accumulated other comprehensive income:
Ending Balance of other comprehensive income = Beginning Balance + During this year
= $0 + (-$13,100)
= -($13,100)