Answer:
The correct option is (a)
Explanation:
Property dividend is distributing assets as dividends to its stockholders. This distribution is not in the form of cash. It could be any asset including any stock that the organization holds with some other company.
In this case, Houser corporation distributes shares of Baha corporation to its shareholders as dividends. This is an example of property dividend.
Answer:
Value of closing inventory = $ 28,125.00
Explanation:
To value inventory, we multiply the cost per equivalent unit of production (cost per EUP) by the the number of equivalent units(EUP) for each of the cost element.
So the value of the closing inventory, is determined as follows:
Value of inventory = cost per E.U.P × number of E.U.P
Material = $2.50 × 4,500 = 11,250.00
Labour and overhead= $3.75 × 4,500 = 16,875.00
Total amount of work in progress
= 11,250 + 16, 875
= $ 28,125.00
Answer:
d) Title 1 should be Financial Management Career Pathway, and Title 2 should be Investment Career Pathway
Explanation:
i believe its D but im not exactly sure
Fees charge = 2%
Investment worth = $500,000
Amount due = 2/100 * 500,000 = 10,000
The amount Andrew will receive as compensation is $10,000.
Answer:
Explanation:
The journal entries are shown below:
(a) a $415 credit balance before the adjustment.
Bad debt expense A/c Dr $685
To Allowance for Doubtful Accounts $685
(Being bad debt expense recorded)
Since the allowance for doubtful debts have a credit balance so this amount will be deducted. The computation is shown below?:
= (Outstanding accounts receivable × uncollectible rate) - credit balance
= ($55,000 × 2%) - $415
= $1,100 - $415
= $685
(b) a $291 debit balance before the adjustment.
Bad debt expense A/c Dr $1,391
To Allowance for Doubtful Accounts $1,391
(Being bad debt expense recorded)
Since the allowance for doubtful debts have a debit balance so this amount will be added. The computation is shown below?:
= (Outstanding accounts receivable × uncollectible rate) + debit balance
= ($55,000 × 2%) + $291
= $1,100 -+$291
= $1,391
