Answer: Please refer to Explanation
Explanation:
We shall do the accounting entries as follows,
Purchase of the stock
January 2
DR Investment in Fain Stock $600,000
CR Cash $600,000
The share of Fain income
December 31
DR Investment in Fain Stock $56,000
CR Revenue from Investment (40% * $140,000 income) $56,000
The dividends received from Fain Company.
December 31
DR Cash (40% * $50,000 dividend payout) $20,000
CR Investment in Fain Stock $20,000
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Answer:
Following are the activities in recent trend that may demonstrate employees taking responsibility for their own careers
1. An employee may show seriousness towards his/her professional studies as the employee wants to grow.
2. An employee might show devotion towards adopting a new skill specially IT skill.
3. In today's world many of the work is done project basis, hence an employee may show devotion to complete the project on or before deadline.
Answer: Analyse cost, risk with impacts and project benefits.
Explanation:
The best alternative in a cost-benefit analysis situation are the following;
•The cost types should be analyzed
•Potential risk and their impacts should be looking into
•It is recommended to weigh all the risk even when there is a lot of project benefits.
Answer:
B. Cost of goods sold will be too low by $5,000.
Explanation:
Given that
Ending inventory overstated in the current year by $5,000
And, the net income is incorrectly reported $100,000
So, due to this error
The cost of goods sold is understated by $5,000
And, the net income is overstated by $5,000
Since the cost of goods sold is understated by $5,000 so it would be too low due to which the net income overstated by $5,000