Josh is journalizing an adjustment for a bank service fee. What type of

Sara purchased a life insurance policy as an investment from her neighbor, Angela. Angela, the original policy holder had paid p

Pavlova-9 [17]

Answer:

$16,500

Explanation:

She invested = $12,000

Total money spent to acquire the policy = ($16,500 + $5000) = $21,500

Total money invested on policy = $21500 + $12000

Total money invested on policy = $33500

Money that sara got after angela died = $50,000

Therefore, the taxable proceed will be = $50,000 - $33,500 = $16,500

6 0

3 years ago

Popson Inc. incurred a material loss that was unusual in character. This loss should be reported as:

lawyer [7]

Popson Inc. incurred a material loss that was unusual in character. This loss should be reported as: a line item within income from continuing operations.

<h3><u>Explanation:</u></h3>

Any income or loss that was incurred during the continuous operations of any segment of business or in the continuous operations of any segment of business will be either represented as after tax gain or loss on selling the business segment and the after tax effect of the operations of the discontinued business segment.

The areas such as expenses, revenues, loss and gain and those excluding the operation discontinued and extra ordinary items will included as the income from continuing operations.In the example given, the company has material loss during its operations and hen it should be reported as a line item within income from continuing operations.

4 0

3 years ago

Kết cấu TK 131 “Phải thu của khách hàng” có số dư?<br> Kết cấu TK 331 “Phải trả người bán” có số dư?

Georgia [21]

Answer:

sjhshs sjjsbs ishsbs ishvsd

8 0

3 years ago

Identify which items belong on the income statement. multiple choice Accounts receivable, net income, and dividends Revenue, exp

sesenic [268]

Items that belong in the income statement include:

Revenue, expenses and net income

<h3>The Income Statement </h3>

Is used to calculate the total income earned by a company in a given period.
Lists the revenue and expenses.

The net income will then be calculated by deducting the expenses from the revenue.

In conclusion, the income statement shows revenue, expenses, and income.

Find out more about the income statement at brainly.com/question/14818051.

7 0

3 years ago

Wildhorse Company provides the following information about its defined benefit pension plan for the year 2017.

GrogVix [38]

Answer:

Pension Expense = $104,730

(See explanation for worksheet)

Explanation:

Pension worksheet inserting January 1, 2017, balances, showing December 31, 2017.

Computation of pension expense:

Service cost ------------------------------------ $91,100

Interest cost ($694,300 x 10%) --------- $69,430

Expected return on plan assets ------ ($65,100)

Prior service cost amortization ----------- $9,400

Pension expense for 2017 is then calculated by:

Service Cost + Interest Cost + Prior Service Cost Amortization - Expected Return on Plan Assets

Pension Expense = $91,000 + $69,430 + $9,400 - $65,100

Pension Expense = $104,730

4 0

3 years ago