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The answer is
C. an asset is debited, and a liability is credited.
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Answer:
b. $100,000
Explanation:
Based on the information given , the FIRST'S CONTRIBUTION TO CONSOLIDATED NET INCOME for 20X9 will be NET INCOME amount of $100,000 because During the year 20X9, the company reported NET INCOME of $100,000 in which they paid no dividends.
Therefore First's contribution to consolidated net income for 20X9 is $100,000
Based on the percentage of the extended warranty and the number of years it is to last, the effective cost per year is<u> d. $25.20</u>
First find the total warranty coverage for the dishwasher:
<em>= Warranty percentage x Cost of dishwasher </em>
= 21% x 960
= $201.60
The effective cost per year is:
<em>= Total warranty / Number of years </em>
= 201.60 / 8 years
= $25.20
In conclusion, the cost is $25.20.
<em>Find out more on extended warranties at brainly.com/question/2102527.</em>