Answer:
Explanation:
The statement of stockholder's equity comprises common stock and retained earnings. The ending balance after adjustment shown in the attached spreadsheet.
The ending balance of retained earning = Beginning balance of retained earnings + net income - dividend paid
= $52,000 + $34,000 - $12,000
= $74,000
And, the ending balance of the common stock = Beginning balance of common stock + issued shares
= $71,000 + $20,000
= $91,000
The preparation of the statement of stockholders’ equity is presented in the spreadsheet. Kindly find the attachment below:
The three methods of allocating the costs of support departments to operating departments are:-
a. The direct (assignment) method ignores all services provided by one support organization to another support organization. Allocate the cost of each support department directly to the
operations department. The
b. step-down (allocation) method sequentially allocates support department costs to other his
support departments and operations departments in such a way that the
partially approves the mutual service of all support departments.
c. The Mutual (Attribution) process allocates support department costs to operations by fully authorizing the mutual services provided between all support departments.
Learn more about methods of allocating here:brainly.com/question/2986318
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Answer:
Strength: It provided a faster way of travel
Weakness: It took forever and required a lot of manpower
Explanation:
Answer:
Options (a), (b) and (d) are correct.
Explanation:
Gross domestic product refers to the total value of production of goods and services during a period of time within the boundaries of the nation. GDP of a nation also represents the standard of living of that nation. If the GDP of a nation increases then it is assumed that the standard of living of that nation also increases.
But there are some flaws or loopholes in this assumption as non-marketing activities and the underground economy makes the GDP an imperfect measure of a particular economic activity.
Is doesn't includes the quality of goods received by the consumers as it doesn't contribute towards GDP of a nation.
It doesn't takes into account the non-market activities such as self service and house work. If a person is cleaning his home then this doesn't contribute towards GDP but if he hires someone to do the same job then then this will contribute towards the calculation of GDP as it is counted as a consumption expenditure.
Loss of enjoyment will also not counted while determining the GDP.
Government pay checks to soldiers will be included in the GDP because it increases the GDP of a nation.
Answer:
$471,000.
Explanation:
Using percentage of revenue method calculating amortization rate:
$3,102,000 / ( $3,102,000 + $7,238,000 ) = 30%
The amortization of development cost of Axcel software will be the cost after 30 June 2021 when project reached technological feasibility till product release date which is $1,570,000.
Amortization of software development costs for year 2022 :
$1,570,000 * 30% = $471,000.
