The answer is: [A]: " Nov. "
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Answer:
$0
Explanation:
Scott Company must record the warranty expense and liability regarding the products sold during the years that they occur. For example, the following journal entry must be made to record the warranty expense for year 1:
Dr Warranty expense 25,000
Cr Warranty liability 25,000
During year 2, they will record the warranty expense for that year:
Dr Warranty expense 20,000
Cr Warranty liability 20,000
That means that during year 3, the only warranty expense recorded will be the one related to the goods sold during that year.
<span>As a social media user, Monette would best be characterized as the "Critic".
There are seven types of Social media user:
the creator, the conversationalist, the critic, the collector, the joiner, the spectator and the inactive.
Each user have their own functions. Critic refers to</span><span> the person who answers and responds to content that are posted by others, they also post reviews and comments about the products and services.</span>
Answer:
11 years
Explanation:
For computing, the number of years or the account will be fully depleted we need to apply the NPER formula i.e to be shown in the attachment below:
Given that,
Present value = $100,000
Future value = $0
PMT = $12,000
Rate of interest = 5%
The formula is shown below:
= NPER(Rate;PMT;-PV;FV;type)
The present value come in negative
So, after applying the above formula, the number of years in which the account is depleted is 11 years
Answer:
Beneficiary recognized gain is $510000.
Explanation:
The amount paid by the decedent for the stock = $280000
The market value of the stock at the time of death = $500000
The selling price or the amount received by the beneficiary by the sell of stock = $510000
Since the recognized gain is calculated by subtracting the amount paid by the person to buy the stock from the amount that he receives from the sale of stock. But in this case, the beneficiary pays zero for the stock but gets all the money after selling.
Beneficiary recognized gain = amount received from the sell – the amount paid by the beneficiary.
= $510000 – 0
= $510000
