Answer:
A. specialization.
Explanation:
Specialization refers to dividing the job in different tasks and assigning a person to perform each one which makes that each person becomes an expert in the specific area. This could help to increase productivity, especially in manufacturing. This is the process the Miller family uses because they have divided the tasks and assigned each of them to a person.
Answer:
Related to the transferred equipment, the items that is true regarding the preparation of the consolidated financial statements for the year ending December 31, 2013 is:
C. The consolidation entries will include a $26,000 debit to "Gain on Sale of Equipment."
Explanation:
a) Data and Calculations:
Original cost of the equipment to the parent = $180,000
Transfer of equipment to subsidiary = (118,000)
Accumulated depreciation to December 31, (36,000)
Unaccounted balance = 26,000
b) The unaccounted balance of $26,000 needs to be credited to the parent's Equipment account to remove it from the account. This will have a corresponding debit entry in another account. The only correct entry among the options is C.
Answer:
<u>low opportunity cost</u>
Explanation:
<u>Opportunity cost</u> is described as a process in which an individual sacrifices something when they tend to choose one thing or option over another option or thing.
<u>Low opportunity cost: </u>The term "low opportunity cost" is determined as the possibility of an individual's chosen investment returns to be lower than the forgone investment's returns.
Answer:
$350,000
Explanation:
The relationship between assets, liabilities, and equity is expressed in the accounting equation. According to the equation, Assets = Equity plus Liabilities.
For Berber company, total assets will be
Assets = $120,000 + $230,000
Assets = $350,000
Answer:
Hope it helps you!
Explanation:
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