Answer:
c. the cost of corporate advertising aired during the Super Bowl.
Explanation:
Financial statements show the financial position of a business for a given period, and the income statement compares revenue and expenses to get profitability of a business at a particular time.
Higado Confectionery Corporation has a number of store locations throughout North America. Since there is segmented income statement per store items like store manager salaries, store building depreciation expense and cost of goods sold at each store will appear in individual statements.
However when there is a corporate advertisement at the Superbowl all of the stores jointly benefit, so there will be a representation of this cost on all their income statements.
Answer:
The company issues new common stock.
Explanation:
As we know that the cash balance have the debit balance so if there is increase in cash balance so the balance would remain in debit itself
In the given choices, the company issues common stock which increases the cash balance and the journal entry is as follows
Cash Dr XXXXX
To Common stock XXXXX
(Being the common stock is issued for cash)
And, the rest transactions shows the outflow of cash
<span>Yes,the Facebook ads are considered to be the fastest growing type of advertising in the united states because Facebook is one of the most popular technology growing towards the people.Even Children have their Facebook accounts to connect with their friends.So advertisements published through Facebook will reach the all kind of age group people so that product will become more popular.</span>
Answer:
$4366.67
Explanation:
Given: Asset book value on july 1, year 3= $57800
Salvage value= $5400
Useful life left= 6 years.
Now, computing the depreciation expense under straight line method.
Formula; Depreciation= 
Useful life in months= 
Next, Depreciation expense= 
∴ Monthly depreciation expense= $ 727.77
Depreciation expense for last six months of year 3= 
∴ Depreciation expense for last six month of year 3 is $4366.67.
