Answer:
a. Depreciation expense is not explicitly included, but depreciation's effects are reflected in the estimated tax payments.
Explanation:
The cash budget is the budget that represents the receipts and payment of transactions held in cash
It includes the interest and dividend payment as it shows the outflow of cash if payment is made in cash
Moreover, it also affects the DSO and includes cash inflows with related to the long term sources such as issuance of bonds
But as we know that the depreciation is a non cash expense so it not much included but its effects are projected in the payment of tax
The correct answers to these open questions are the following.
Maple Farms, Inc. v. City School District of Elmira.
Could something like this bankrupt a company?
Yes, it can, if the proper forecast were not done taking into consideration all of the possible variables at medium and long-range.
Do you agree with the decision?
It was a tough decision because the court declared in its decision that the performance was not impracticable, as Maple Farm Inc indicated when decided to break the contract.
In strict theory, I agree with the court's decision because the explanation was that an "impractical" occurred when an event happened totally unexpected. And in this case, Mapple Farm Inc could have taken extra provisions knowing that milk had a 10% increase the last year and had the chance of more increases in the present year.
That is how a company can avoid this type of situation. Taking better provisions, contemplating all kinds of variables, knowing that in the future, something unexpected can happen and could be prevented with the proper forecast.
Answer:
E. Debit Retained Earnings $7,400; credit Common Dividends Payable $7,400.
Explanation:
The Journal entry is shown below:-
Retained earnings Dr, $7,400 (14,800 × $0.50)
To Common dividend Payable $7,400
(Being dividend declaration is recorded)
Here to record the dividend declaration we simply debited the retained earnings as it decreased the stockholder equity and credited the common dividends payable as it increased the liability
So the correct option is D.
Answer:
D deed
Explanation:
Real estate property ownership is recorded and tracked with documents known as the deed or the title deed. The records are in the custody of the County Recorder’s office. Any transfer of property ownership must be accompanied by a change to the official documents to reflect the new owner. The change in name on the deed documents is what signifies the transfer of ownership.
Answer
The answer and procedures of the exercise are attached in the following archives.
Step-by-step explanation:
You will find the procedures, formulas or necessary explanations in the archive attached below. If you have any question ask and I will aclare your doubts kindly.
