Answer: The correct answer is "Material losses resulting from correction of errors related to prior periods.".
Explanation: It is generally established that the type of loss that is excluded from the determination of net income in the income statement are the material losses resulting from transactions in the company's investments account.
Answer:
Jones may decide that the equity method would not be appropriate to account for the investment when Jones Company does not have significant influences over the management/operation of Sandridge Company.
Although an investors holding from 25% of investee is very much likely to have significant influences on the investee, this may not be true all over the times. For Jones, to prove that it does not have significant influences over Sandridge, there may be some following evidences:
+ Jones and Sandridge sign an agreement that Jones surrenders significant rights as a shareholder;
+ There is/are investor(s)/group(s) of investors who has more voting right than Jones and whose visionary/mission for Sandridge is opposite to Jones's.
+ Sandridge tries to reject Jones' influences on its management by seeking lawsuit or by successfully prevent representatives from Jones on its Board of Directors.
Explanation:
Answer:
beginning supplies 1,600
Explanation:
With the following identity we will sovle for beginning supplies:
beginning + purchases = ending + expense
the left side are the input of supplies
and the right side are the output
we will plug into the formula and solve for beginning supplies
beg + 3,400 = 900 + 900
beg = 3,400 - 900 - 900 = 1,600
Answer:
operating exposure
Explanation:
Based on the scenario being described within the question it can be said that the term being mentioned is known as operating exposure and deals with the company's operations over various months or years and the changes incurred due to unexpected changes in the exchange rate. The exchange rate is the price at which one currency is traded for another. Drastic changes in these rates can cause assets value to decline drastically.
Answer:
For 2021, should recognize compensation expense under the fair value method of $170,500
Explanation:
According to the given data we have the following:
option pricing model determines total compensation expense to be $341,000
Also, The option became exercisable on December 31, 2021, after the employee completed two years of service.
Therefore, in order to calculate the amount should recognize compensation expense we would have to make the following calculation:
amount should recognize compensation expense=$341,000/2
amount should recognize compensation expense=$170,500
For 2021, should recognize compensation expense under the fair value method of $170,500
