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anzhelika [568]
3 years ago
12

Ridge, Inc. follows IFRS for its external financial reporting, and Cannon Company follows GAAP for its external financial report

ing. During 2021, both companies changed depreciation methods, from double-declining balance to straight-line. Compared to double-declining balance, for Ridge, Inc. the change resulted in a decrease in reported depreciation expense of $90,000, and for Cannon Company the change resulted in a reported decrease in depreciation expense of $105,000. The remaining useful lives of the assets impacted by the change in depreciation method is 10 years for both companies. How would this change impact the net income reported by Ridge, Inc. and Cannon Company for the year ended December 31, 2021
Business
1 answer:
Maksim231197 [3]3 years ago
4 0

Answer: increase $90,000 ; increase $105,000

Explanation:

Based on the changes made, the impact the net income reported by Ridge, Inc. and Cannon Company for the year ended December 31, 2021 will be that there'll be an increase of $90,000 for Ridge Inc. and there'll also be an increase of $105,000 for Cannon Company.

It should be noted that the reduction in the depreciation will bring about a rise in the net income of both companies.

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ill, a manager in healthcare, is leveraging marketing strategies and tactics that will alter or create behaviors that have a pos
Veseljchak [2.6K]

Answer:

The correct answer is the option A: social marketing.  

Explanation:

To begin with, the concept called <em>''social marketing''</em>, in the world of business, refers to the process of implementing the marketing mix strategies to the organization with the purpose of focusing and caring about the good of the community as a whole. Moreover, it also benefits the company due to the fact that it shows a great corporate social responsibility. Furthermore, it aims to influence behaviors that benefit individuals and societies for the greater social good.

7 0
3 years ago
Net income was $503,000 in 2020, $473,000 in 2021, and $521,000 in 2022. What is the percentage of change from (a) 2020 to 2021,
Butoxors [25]

Answer and Explanation:

The computation of the percentage of change is as follows;

a. For 2020 to 2021

= (Net income in 2021 - net income is 2020) ÷ (net income in 2020)

= ($473,000 - $503,000) ÷ ($503,000)

= -5.96% decrease

b .For 2021 to 2022

= (Net income in 2022 - net income is 2021) ÷ (net income in 2021)

= ($521,000 - $473,000) ÷ ($473,000)

= 10.15% increase

In this way it is calculated

6 0
3 years ago
Pls help!!! will give brainly!!!!
vovangra [49]
A company that makes and sells railway cars looking for a representative and I know this because it is the best fit for his skills
3 0
3 years ago
Read 2 more answers
Assume that Jack, Hal, and Sophia enter into a written contract for the sale of the restaurant, including the building and all o
Fynjy0 [20]

Answer:

A. Jack cannot bring in the evidence of the oral agreement because of the Parol Evidence Rule.

Explanation:

The Parol Evidence rule is a rule in the Anglo-American common law that governs or determines the types or kinds of evidence that parties to a contract dispute can introduce when trying to determine the specific terms of a contract.

The rule also prevents introduction of further evidences by a party after a final written document or agreement has been reached. Things such as the content of oral discussions from earlier in the negotiation process, as evidence of a different intent as to the terms of the contract. The rule states that "extrinsic evidence is inadmissible to vary a written contract". The term " patrol" refers to "word of mouth" hence it is referred to oral pleadings in a court case.

Therefore from the question, Jack cannot bring in evidence of oral agreement into the court for evaluation because of Patrol Evidence Rule.

6 0
3 years ago
Pat invested a total of $3,000. Part of the money was invested in a money market account that paid 10 percent simple annual inte
Nana76 [90]

Answer:

how much did Pat invest at 10 percent and how much at 8 percent?

2200 10%

 800  8%

Explanation:

I=C*%I*T

I=C1*0,08*1+C2*0,10*1

3000=C1+C2

C1=3000-C2

256=(3000-C2)*0,08+C2*0,10

256=240-0,08C2+O,10C2

16=0,02C2

C2=800

C1=2200

I=2200*0,1= 176

I=800*0,08=80

8 0
4 years ago
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