Answer:
patent on the consolidated estament: 32,000
Explanation:
45,000 x 80% = 36,000
36,000 / 9 = 4,000 amortization per year
patent of Grand heaven
<u> debit credit </u>
36,000 recognize at purchase
4,000 december 31th amortization
32,000 balance.
Answer:
The statement that best explains why the taxes on discontinued operations are reported separately from taxes on continuing operations is:
The taxes on discontinued operations are not expected to recur in future years.
Explanation:
Discontinued operations refer to the cessation of some business activities or segments. They are usually reported as a separate line item. Therefore, all the gains and losses for that discontinued division must be reported separately on the company's income statement. The purpose is to distinguish them from those of continuing operations.
Answer:
B). increase by the same amount of deposits
Answer:
Balance with Fed on last day to be $ 800
Explanation:
Computation of balance on last day of maintenance period
Balance maintained $ 450 for 2 days $ 900
$ 700 for 3 days $ 2,100
$ 650 for 2 days $ 1,300
$ 450 for 3 days $ 1,350
$ 650 for 3 days <u>$ 1.950</u>
Average of balances maintained
13 days $ 7,600
Average balance maintenance required for 13 + last day)
$ 600 * (13 + 1) 14 days $ 8,400
so the balance with the Fed on the last day has to be
$ 8,400 - $ 7,600 $ 800
