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3 years ago

Consider the comparison o’brien makes between dobbins and america. does o’brien like america? does he respect it?

1 answer:

8 0

Considering the comparison O'Brien makes between Dobbins and America, it is obvious that O'Brien likes America and respect it.

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Journalize the following transactions in the accounts of Simmons Company:

Alexxx [7]

Answer:

A) March 1, received note receivable from Bynum Company

Dr Note receivable 60,000

Cr Accounts receivable 60,000

B) March 16, received note receivable from Solo Company

Dr Note receivable 25,000

Cr Accounts receivable 25,000

C) April 30, Bynum Company's note is dishonored

Dr Accounts receivable 60,600

Cr Notes receivable 60,000

Cr Interest revenue 600 ($60,000 x 6% x 2/12)

D) May 17, Solo Company's note is dishonored

Dr Accounts receivable 25,375

Cr Notes receivable 25,000

Cr Interest revenue 375 ($25,000 x 9% x 2/12)

E) July 29, cash is collected from Byrum Company

Dr Cash 60,900

Cr Accounts receivable 60,600

Cr Interest revenue 300

F) July 29, Solo Company's debt is written off

Dr Allowance for doubtful accounts 25,375

Cr Accounts receivable 25,375

7 0

4 years ago

Brandy works in a laboratory. She performs experiments to develop new methods of food production and processing.

Lisa [10]

Answer:

1) Food scientist

2) Farm management advisor

3) Farm labor contractor

Explanation:

7 0

4 years ago

Shumpert, Inc., entered into a contract that was to take two years to complete, with an estimated cost of $900,000. The contract

MakcuM [25]

<u>Answer:</u>

Answer for Part A and Part B is as follows:

Particulars 2016 year 2017 year

Contract Price $13,00,000 $13,00,000

Cost that has been incurred $675000 $950000

Estimated cost to complete $225000 $0

TOTAL COST $900000 $950000

Expected Gross profit $400000 $350000

Percentage that is completed 75 percent 100percent

Gross profit to be recognised $300000 $50000

<u>Note</u>: Calculations have been made according to the data and figures given in the question.

5 0

3 years ago

Synthetic Fuels Corporation prepares its financial statements according to IFRS. On June 30, 2019, the company purchased equipme

Elza [17]

Answer:

The correct interpretation of the given problem is outlined in the following portion of the explanation.

Explanation:

On 2019,

Company purchased = $540,000

Life useful = 5 years

(1)...

On year 2019,

$Depriciation=\frac{Cost - Residual \ Value}{useful \ life}$

On putting the values, we get

⇒ $=\frac{540,000-0}{5}$

⇒ $=108,000$

Journal - Dr $108,000 in depreciation A/c.

(2)...

Assets A/c Dr $ 92,880, To reassess surplus $92,880

Now,

$Revalution \ Amount= Carring \ Amount \ of \ Assets \ on \ revaluation \ Date - Valuation \ of \ non \ current \ Assets$

On putting the values, we get

⇒ $=432,000 - 524,880$

⇒ $=92,880$ (Gained revaluation)

(3)...

On year 2020,

$Depriciation = \frac{Cost - Residual \ Value}{ useful \ life}$

On putting values,

⇒ $=\frac{524,880}{4}$

⇒ $=131,220$

Journal - Depreciation A/c Dr. $131,220

(4)...

Surplus revaluation: Dr $39,312

$Revalution \ Amount = Carring \ Amount \ of \ Assets \ on \ revaluation \ Date - Valuation \ of \ non \ current \ Assets$

On putting values,

⇒ $=393,660-354,348$

⇒ $=39,312$ (Loss revaluation)

3 0

3 years ago

Ethical formalists maintain that

andrew-mc [135]

Ethical formalists maintain that moral judgement should be based on logical form,that is,like laws that should be obeyed,rather then by their content,that is,judgement about activities or people.

3 0

3 years ago