Answer:
#See attached photos of both the Jan 1,2018 journal entry and the bond ammortization schedule.
Explanation:
Answer:
increases; increases
Explanation:
A cut in tax rate has numerous advantages and disadvantage to the economy both in long-run and short-run. A cut in tax rates increases the discretionary cash flow of people, which drives them to expand their utilisation spending. A cut in charge rates increment the size of the multiplier impact
Answer: $159,400
Explanation:
Finished goods inventory on January 1 is:
= Cost of goods sold + Ending finished goods inventory - Cost of goods manufactured
Cost of goods sold = Manufacturing cost + 156,000
= 246,400 + 156,000
= $402,400
Cost of goods manufactured = Manufacturing costs / 80%
= 246,400 / 80%
= $308,000
Finished goods inventory = 402,400 + 65,000 - 308,000
= $159,400
Answer:
The amortization expense will Johnson recognize on the Income Statement for the year ended December 31st, 2017 is $ 5100.
Explanation:
Amortisation Expenses for 2017
So Amortisation on Original Cost: ($18000/5) = $ 3600
Amorisation on legal expenses = $ 1500
(7500 x 6months/ Remaining life(i.e. 30 months)
Total Amortisation Expenses for 2017 = $ 5100
Therefore, The amortization expense will Johnson recognize on the Income Statement for the year ended December 31st, 2017 is $ 5100.
In this scenario with the boat the person that would prevail is the man that bought the boat.
<h3>The reason why the man would prevail</h3>
This is due to the fact that the people that sold him the boat should have made sure that they were not selling a defective item.
The accident was not the fault of the man. The defect should have been well detected and dealt with before the sale of the boat.
Read more on defects here:
brainly.com/question/14857303
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