Answer:
The correct answer is Administrative expenses.
Explanation:
Administrative expenses refer to the expenses assumed by the company to be able to operate normally, where production costs are not included if it is a production company. Among these expenses are wages, aid, bonuses, pensions, etc. Its payment is obligatory therefore daily work is carried out that requires the support of the personnel.
The Beverage Act is the Answer
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The amount of loss that should be recognized is the <u>minimum amount </u><u>of the </u><u>range. </u>
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<h3>Recording a Contingent liability </h3>
- It should only be recorded if the loss is probable and the amount to be incurred as liability can be reasonably estimated.
- If neither of the above are possible, the loss would be recorded as a footnote.
US GAAP rules state however that if the loss is probable and the amount is in a range, the amount to be recorded as a contingent liability should be the minimum of the range.
In conclusion, they should recognize the minimum amount.
Find out more on contingent liabilities at brainly.com/question/17371330.
Answer:
B
Explanation:
The question asks to calculate how much will be disbursed by the company in February.
Firstly , we know that the company disburses 75% in the month of purchase and 25% during the month after purchase.
Now, 75% of $130,000 would be disbursed as February’s own payment:
Mathematically 75/100 * 130,000 = 97,500
Also, we should not forget that the company disburses 25% of previous month during the current. That is 25/100 * 100,000 = 25,000
Total amount disbursed is thus 25,000 + 97,500 = $122,500
Answer:
d. $896,000.
Explanation:
The computation of the carrying value of the bond is shown below:
The amount after excluding the interest part is
= $936,000 - $16,000
= $920,000
The premium amount is
= $920,000 - 800 × $1,000
= $920,000 - $800,000
= $120,000
Now the premium amortizaton is
= $120,000 × 15 ÷ 75
= $24,000
So, the carrying value is
= $920,000 - $24,000
= $896,000
hence, the correct option is d. $896,000
