Answer:
The answer is D. Accounted for in current and future periods.
Explanation:
A change in accounting estimate is an adjustment of the carrying value of an asset or liability arising from reassessing the expected future economic benefits and obligations associated with that asset or liability.
Changes in accounting estimates must be shown in the accounting period in which the estimates are revised and periods after i.e accounted for prospectively. Example is a change in useful life and salvage value of a fixed asset
Answer:$100
Explanation:
Accounting profit is total earnings less total cost.
Accounting profit = Total revenue - Total cost
$150 - $50 = $100
Economic profit = Accounting profit - Opportunity cost
$100 - ($20 ×5) = 0
Answer:
$502,500
Explanation:
Heaton industries incorporation reported retained earnings of $225,000 on 12/31/2020
They also reported a net income of $172,500 during the year
On its previous balance sheet the company reported retained earnings of $555,000
Therefore the amount paid in dividends by Heaton during 2029 can be calculated as follows.
= $555,000+$172,500
= $727,500
$727,500-$225,000
= $502,500
Hence the amount paid in dividends by Heaton corporation during 2020 is $502,500
Answer:
increase of VAT is bad
Explanation:
In particular, raising VAT will have a negative effect on productivity growth. Increasing its rate reduces the economic incentives to trade and therefore hampers the division of labour and the associated productivity gains from increased specialisation, economies of scale and so on.
CRM software is designed to help business meet overall goals of customer relationship management. However this software is sometimes used to manage business contacts, clients, and contract wins and sales leads.
