Answer:
$2,560,000
Explanation:
impairment loss = division's book value - division's fair market value = $3,080,000 - $2,320,000 = $760,000
Assets held for sale are no longer depreciated, but they must be recorded at lower value between carrying cost and fair market value. Since the fair market value is lower than carrying value, then an impairment loss results.
loss on discontinued operations = loss from operations 2019 + impairment loss = $1,800,000 + $760,000 = $2,560,000
Answer:
$3,355
Explanation:
Accounts receivables = $ 352,000
Debit Allowance for uncollectible accounts = 630
Net Sales = $797,000
The company estimates that 0.5% of net credit sales are uncollectible
Estimates of uncollectible receivables
= 0.5% × $797,000
=$3985
This is the total amount to be recognized at the end of the year as Bad Debts Expense. Since a debit of $630 has been recognized already, additional debit required
= 3985 - 630
= $3,355
The amount to be debited to Bad Debts Expense when the year-end adjusting entry is prepared is $3,355.
The answer is “A”. “The partner committing the tort is the only party liable.
The amount of finance charges for the loan amount of $6,500 is $<em><u>17.15</u></em>
The finance charge is the extra amount for holding the loan amount until the maturity period. It is mostly the interest amount paid on the entire loan amount.
Computation:
Given,
Principal Amount =$6,500
Interest rate =9.5%
Period of compounding =36 months
First, the annuity formula will be used to determine the entire future value:
Now, the finance charge will be determined by the difference between the Annuity amount and Principal amount.
Therefore, the finance charge is $17.15 is not mentioned in any of the given options.
To know more about finance charges, refer to the link:
brainly.com/question/298229
D.) Empowerment because it's the ability to make changes to improve other peoples lives.
