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Ber [7]
3 years ago
15

Robertson Inc. prepares its financial statements according to International Financial Reporting Standards (IFRS). At the end of

its 2021 fiscal year, the company chooses to revalue its equipment. The equipment cost $540,000, had accumulated depreciation of $240,000 at the end of the year after recording annual depreciation, and had a fair value of $330,000. After the revaluation, the accumulated depreciation account will have a balance of:
Business
1 answer:
qwelly [4]3 years ago
8 0

Answer:

$264,000

Explanation:

Calculation to determine what the accumulated depreciation account will have a balance of:

$240,000 x ($330,000/300,000) = $264,000

Therefore , the accumulated depreciation account will have a balance of:$264,000

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Let's say that you make the the following journal entry: Debit Inventory $2,000 Credit Cash $2,000 How does this journal entry a
koban [17]

Answer:

No net affect: There is both an increase in Assets and a decrease in Assets

Explanation:

The journal entry is as follows

Inventory Dr $2,000

    To Cash $2,000

(Being the inventory is purchased for cash is recorded)

This journal entry states that the inventory is purchased for cash. The inventory is purchased that increases the asset and on the other side the cash is paid for the purchase of increased which decrease the asset

So, there is no impact on the asset side or accounting equation

8 0
4 years ago
Least-Squares Regression [LO5-11] [The following information applies to the questions displayed below.] Bargain Rental Car offer
ycow [4]

Answer:

I used an excel spreadsheet to calculate this:

the least squares regression line:

y = a + bx

y = $2,752 + 3.87x

where y = total cash wash costs and x = rental returns

fixed costs = $2,752 per month

variable cost = $3.87 per car washed            

Download pdf
5 0
3 years ago
Frida what does frida ask diego when she manages to walk and visits him in the job?
Musya8 [376]

Frida, Mirar sus pictures Frida asks Diego when she manages to walk and visits him on the job.

Work is important to your sense of purpose. Because work provides a goal to work on every day and an income to support you financially. It will help you build skills and experience that will last throughout your career, even if you change careers in the future.

The full form of JOB is "Joining Others Business". However, Job is not an acronym. "Job" is a word that describes a job or task. Occupation is the role of an individual in society. More precisely, a job is an activity that is usually performed regularly and often paid for.

Learn more about the job at

brainly.com/question/3700565

#SPJ4

7 0
1 year ago
What does the release of earnings announcements
Varvara68 [4.7K]

The release of earnings announcements and economic indicators are similar because c) both are estimated in advance by analysts.

<h3>Why are earnings announcements analyzed?</h3>

Earnings announcements help determine the value of a company and so they are analysed to help people decide if they can invest and make a capital gain.

Economic indicators are also analyzed with the goal being to predict where the economy is going and what to do about it.

The full question and options are:

What does the release of earnings announcements have in common with the release of economic indicators?

a) Both are typically released on a quarterly basis.

b) both are typically published by corporations

c) both are estimated in advance by analysts

Find out more on economic indicators at brainly.com/question/903754.

#SPJ12

3 0
2 years ago
Universal Waste Disposal sold 1,350,000 shares of stock at $24.62 per share. The investment banker's commission was 5% of the va
Gre4nikov [31]
The proceeds that UWD received will be as follows:
Number of shares 1,350,000
share price $24.62
Amount realized from the shares:
1,350,000×24.62
=33,237,000

Total amount to be deducted will be:
(Commission+Accounting fees+legal fees+printing costs+selling expenses)
commission=$1,661,850
Accounting fees=$450,000
legal fees=$1,225, 000
printing cost=$275,000
selling expenses=$300,000

Total=(1,661,850+450,000+1,225,000+275,000+300,000)
=$3,911,850

The amount received will be:
33,237,000-3,911,850
=$29,325,150
4 0
3 years ago
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