Answer:
12
Explanation:
Given that,
Sales price = $9 million
Estimated annual gross income = $750,000
The gross income multiplier is defined as the ratio of sales price to its effective gross income.
Therefore, the gross income multiplier is calculated as follows:
= (Sales price ÷ Estimated annual gross income)
= $9,000,000 ÷ $750,000
= 12
Answer:
Purchase Price Variance (PPV)
Explanation:
Answer:
Sense of independence
Explanation:
Basically Kenneth is writing a draft and signing it. The client, will probably change some (if not most) of Kenneth's article, specially any part where Kenneth might criticize the restaurant's service or exaggerate any good service provided by the restaurant. The content of the article itself will be determined by the client.
Kenneth should be independent and impartial when writing an article critique, since writing what the restaurant wants is simply advertising. Sadly this is very common on certain industries, that is why all the movies are excellent or the best of all times, no matter how bad they are.
Answer:
Face Value of Bonds = $100000
Unamortized Premium = $2000
Conversion of Equity Shares = 2000 * $20 = $40,000
Paid in Capital in Excess of Par = $100000 + $2000 - $40000 = $62000
Journal Entries
Account Title & Explanation Debit Credit
Bond Payable Account $100000
Unamortized Premium $2000
Common Stock $40000
Paid in Capital in Excess of par $62000
(To record conversion of Bonds)
Answer:
(B) A noncurrent liability of $4,000
Explanation:
The non-current liability in respect of deferred tax shall be recognised in the accounts of Bren Co. as at December 31 as follows:
Deferred income tax liability related to non-current assets= $15,000
Deferred income tax asset related to non-current liability = ($3,000)
Deferred income tax asset related to current liability = ($8,000)
Deferred income tax liability to be recorded at year end = $4,000
So based on the above discussion the answer is (B) A noncurrent liability of $4,000
