Explanation:
The unanimous Declaration of the thirteen united States of America, When in the Course of human events, it becomes necessary for one people to dissolve the political bands which have connected them with another, and to assume among the powers of the earth, the separate and equal station to which the Laws of Nature
Answer: $554,450
Explanation:
When capitalizing the cost of a new fixed asset or PPE such as equipment, it is important that ALL costs associated with setting the equipment are capitalized.
In this case that includes the Sales Tax, the concrete slab, and the installation charges as well as the purchase price.
Wildhorse Co. paid in the discount period so they are liable for the 2% discount.
Calculating that would be,
= 450,000 * ( 1 - 0.02)
= $441,000 is what they paid minus the discount.
Adding everything up then would be,
= 441,000 + 96,250 + 5,900 + 11,300
= $554,450
The total cost of the new machinery is $554,450
Answer:
you are the boss you keep all the profits startup costs are low
Answer:
December:
Dr cash $16,000
Cr subscription revenue $16,000
Dr cash $216,000
Cr unearned revenue $216,000
January 2017:
Dr unearned revenue $18,000
Cr subscription revenue $18,000
Explanation:
The sales of 4000 copies at the newstand means that revenue of $16,000($4*4000) has been earned in December,which means that cash would debited with $16,000 and sales revenue credited with the same amount.
In December,the subscriptions received in advance for 2017 of $216,000($36*6000) would be debited to cash and credited to unearned revenue account.
At the end of January,the unearned revenue would be debited with $18,000($216,000/12) in respect of subscription earned as a result of the Magazine been mailed to subscribers in the month,which now entitles the company to one month subscription as earned sales revenue.
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