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Anvisha [2.4K]
3 years ago
6

A(n) ____ strategy requires little initial investment, is heavily regulated, and provides little opportunity to modify products

for local conditions.
Business
1 answer:
Leni [432]3 years ago
6 0

<span>The answer to this question is importing/exporting strategy. Importing is when a product is being brought into the country because they lack of these products or services. While in exporting, this is when a business is increasing its market by supplying its products and services to a different country.</span>

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Which of the following items is not a temporary difference? A. Vacation pay accrued for tax purposes in a prior period is deduct
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Answer: the correct answer is B. Tax depreciation for the period exceeds book depreciation.

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What is accounting theory​
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Answer:

a set of assumption framework and methodologies used in the study of application of financial reporting principles

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Amanda Jones is a tax practitioner who is representing Sean and Diane Smith before the Wage and Investment Division of the Inter
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Answer:B. Amanda must advise Sean and Dianne promptly of the inaccuracy and the consequences provided by Internal Revenue Code and Regulations.

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3 years ago
Bailand Company purchased a building for $148,000 that had an estimated residual value of $8,000 and an estimated service life o
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The  journal entries relating to the building for the fifth year is: Debit Depreciation expense  $10,500; Credit Accumulated depreciation $10,500.

<h3>Journal entries</h3>

1. Dec 31  

Debit Depreciation expense         $10,500

Credit Accumulated depreciation   $10,500

(To record depreciation expense )

Book value=$148,000-($148,000-$8,000/10×4)]

Book value=$148,000-$56,000

Book value=$92,000

Depreciation=$92,000-$8,000/8

Depreciation=$10,500

2. Dec 31  

Debit Depreciation expense $24,000

Credit Accumulated depreciation $24,000

[($92,000-$8,000)×6/21]

(To record depreciation expense)

3. Dec 31    

Debit Accumulated depreciation $3,200.00

[($8,000×4)/10]

Credit Retained earnings              $3,200.00

(To record prior year adjustment for depreciation expense)

Dec 31  

Debit  Depreciation expense         $10,000.00

Credit Accumulated depreciation             $10,000.00

[($148,000-$8,000)/10]

(To record depreciation expense)

Therefore the  journal entries relating to the building for the fifth year is: Debit Depreciation expense $10,500; Credit Accumulated depreciation   $10,500.

The complete question is:

Bailand Company purchased a building for $148,000 that had an estimated residual value of $8,000 and an estimated service life of 10 years. Bailand purchased the building 4 years ago and has used straight-line depreciation. At the beginning of the fifth year (before it records depreciation expense for the year), the following independent situations occur:

1. Bailand estimates that the asset has 8 years’ life remaining (for a total of 12 years).

2. Bailand changes to the sum-of-the-years’-digits method.

3. Bailand discovers that the estimated residual value has been ignored in the computation of depreciation expense.

Required: For each of the independent situations, prepare all the journal entries relating to the building for the fifth year. Ignore income taxes.

Learn more about Journal entries here:brainly.com/question/17201601

#SPJ1

5 0
2 years ago
Amy, the chief operations officer of a company that manufactures baby products, formulates a plan on how the company's newly lau
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d. strategic plan

A strategic plan is an evolving set of goals around how a company will meet customer needs and deal with competition and external factors.

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