Answer:
The classified list of items is as follows:
(a) Issuance of ownership shares - Common stock
(b) Land purchased - Asset
(c) Amounts owed to suppliers - Liability
(d) Bonds payable - Liability
(e) Amount earned from selling a product - Revenue
(f) Cost of advertising - Expense
Hence, all the items are classified as asset, liability, revenue, common stock and expense.
The Hawthorne studies found that employees in the experimental group WERE MORE PRODUCTIVE THAN OTHER EMPLOYEES AND IT DOES NOT DEPEND UPON THE LEVEL OF LIGHTING.
The Hawthorne studies was conducted by Elton Mayo and his colleagues to determine the level of illumination and its relationship with the productivity.
Answer:
Beckman noncontrolling interest in subsidiary income $10,520
Calvin Machine (net of accumulated depreciation) $71,200
Explanation:
To calculate noncontrolling interest in subsidiary's income;
Revenue $65,550
Expenses $39,250 (29,250 + $6,800 + $3,200)
Net Income $26,300
Noncontrolling percentage = 40%
NonControlling Income = $10,520
Depreciation of Machine = ![\frac{Fair value of Machine - Book value}{estimated useful life}](https://tex.z-dn.net/?f=%5Cfrac%7BFair%20value%20of%20Machine%20-%20Book%20value%7D%7Bestimated%20useful%20life%7D)
= 6,800 per annum
Amortization of trade secrets = ![\frac{Fair Value Total - Machine value}{Useful life}](https://tex.z-dn.net/?f=%5Cfrac%7BFair%20Value%20Total%20-%20Machine%20value%7D%7BUseful%20life%7D)
Amortization of trade secrets = ![\frac{90,800 - 78,000}{4 years}](https://tex.z-dn.net/?f=%5Cfrac%7B90%2C800%20-%2078%2C000%7D%7B4%20years%7D)
= 3,200
Answer:
D) An efficient and fair way to help poor
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Answer:
$250,000 and $500,000
Explanation:
According to the tax laws there is annual limit on Loss deductions relating the amount of business loss that can be deducted in a year.
The law states that single or individual tax payers can deduct nothing more than $250,000 while married taxpayers who are filing jointly can deduct up to $500,000 per year of their business losses.
Therefore, if Jahlil is single the amount of partnership loss he can deduct is $250,000 but if he is married filing jointly, he can deduct $500,000