Answer:
pretty sure true if they are very generous
Explanation:
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Answer:
ur mom ur dad and........STEP BRO
Explanation:
It is a summary of debit and credit balances which are extracted from various ledger accounts.
It is a summary of debit and credit balances.
The motive behind the preparation of Trial balance is to establish arithmetical accuracy of the transactions recorded in the Books of Accounts.
Answer and Explanation:
Journal Entry would be:
Tax expense (plug) 30
Deferred tax liability [( 30% - 40%) x $ 60] 6
Taxes payable (40% x $90) 36
Answer:
Investors’ outlook for the firm has improved.
Explanation:
Computation of Market price.
MPS = PE ratio × EPS
⇒ MPS (Previous) = $1.20 × 15
⇒ MPS (Previous) = $18
⇒ MPS (Current) = $1.20 × 18
⇒ MPS (Current) = $21.60
So, we say that the market price has increased.
Investors’ outlook for the firm has improved.
Answer: 27%
Explanation:
The Average rate of return is calculated by;
= Estimated Average Annual income / Average Investment
Estimated Average annual income = Total income/ years income is accrued
= 402,300/5
= $80,460
Average Investment = (Initial cost + Residual value) / 2
= (524,500 + 71,500) / 2
= $298,000
Average rate of return = 80,460/298,000
= 0.27
= 27%
