The answer is actually: "When did you move here?"
So, the closed question is the last option.
Explanation:
Fiscal accountability is based on the short-term cash distribution or on the short-term use of government resources; organizational obligations concentrate on effective and productive use of government resources.
Different accounting principles are used to capture these various types of accountability. Fiscal responsibility is achieved by means of the adjusted accrual accounting system where the revenue is recognised in the period measured and available for revenues and expenditures (not expenses) are accepted as needing to be charged out of existing financial capital.
Operational accountability in accounting rules is captured. The emphasis of accrual accounting is on the transfer of economic resources, which allows the identification of revenues and expenses when there is an exchange in economic resources.
Answer:
$3.58
Explanation:
Calculation to determine the basic earnings per share (rounded)
Using this formula
Basic earnings per share=Net income/(shares of common stock outstanding+(shares of common stock*9/12)
Let plug in the formula
Basic earnings per share=$276,915/(57,000 + (27,000 × 9/12))
Basic earnings per share=$276,915/(57,000+20,250)
Basic earnings per share=$276,915/77,250
Basic earnings per share= $3.58
(April 1 to December 31 =9 months)
Therefore Basic earnings per share is $3.58
Answer:
$2,585
Explanation:
The Steps to answer this question requires adjustment to the unadjusted Trial Balance based on the figures given in the adjustments.
The Net Income for the period ended December 31, is calculated as follows
Particulars Amount
Fees Earned (Revenue 7,410+1,035) $8445
Subtract the following Expenses
Depreciation (for the period and not accumulated) 350
Rent Expenses 1,460
Salaries Expense 2,460
Utiities Expense 505
Insurance Expense 810
Supplies Expense 275
Total Expenses ($5,860)
Net Income $2,585
Note: The remaining figures in the questions were not used because they relate to the Balance Sheet and not the income statement.
Good luck.
Answer:
the amount of the impairment loss is $50,000
Explanation:
The computation of the amount of the impairment loss is shown below:
Impairment loss = Purchase price of trade marks - Estimated fair value
= $70,000 - $20,000
= $50,000
Hence, the amount of the impairment loss is $50,000
The same should be considered and relevant
