Answer:
$10,500 loss
Explanation:
The computation of the net income affected is shown below:
Since Big Ben purchased shares of Little Trick on 1st April ,so it has the right to receive 30% of the net income for nine months i.e from April 1 to December 31
Now the Earnings from Little Trick is
= $20,000 × 30% × 9 months ÷ 12 months
= $4,500
And, the Compensation paid is $15,000
So, the loss is
= $15,000 - $4,500
= $10,500
Why is that if like to help:)
Answer:
The correct answer is letter "D": part of the doctrine of stare decisis.
Explanation:
Stare decisis is a practice in Law by which courts must follow similar past cases -called precedents- when making the final decision of the case they have in front. Those cases are typically complicated to rule out, then, Courts consider past similar decisions to adapt the previous criteria determined to their cases.
Answer and Explanation:
The journal entries are shown below:
Account Receivable $409,500
To Sales Revenue $367,000
To Unearned Service Revenue $42,500
(Being account receivable is recorded)
Cost of Goods Sold $310,000
To Merchandised Inventory $310,000
(Being cost of goods sold is recorded)
These two journal entries are to be recorded
Answer:
Finance is:a.the study of how individuals,institutions,governments,and businesses acquire,spend,and manage money and other financial assets.
Explanation:
hope it helps you?
