Which of the following know as general overhead?

What is the process of earning your income sometimes called?

Maurinko [17]

The process of earning your income is called earning a living. It may be because we need different things to live a comfortable life. For these, we need a income first. So by earning income, we are indirectly earning a (comfortable) living.

3 0

3 years ago

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The best way to find out if a particular business is a good fit for you is to A. "shadow" an owner for several days to see what'

Ugo [173]

The best optionto find out if a business is a good fit for you is to Shadow an owner for several days 1. is the correct choice

6 0

3 years ago

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Corporate governance structure a.varies a great deal across countries. b.has become homogenized following the integration of cap

Free_Kalibri [48]

Answer:

a.varies a great deal across countries.

Explanation:

Corporate governance is a mixture of the rules and laws by which the business operates and is regulated and controlled this term involves the external and the external factors that impact the compactors stakeholders, customers, shareholders, and the management.

However the structure differs form nations to nations on the basis for the roles played by the governments and that includes the monitoring the actions, policies, and the decisions of the corporations.

Countries like the U.K, Canada, Ireland, United States, and New Zealand are the top five countries in the corporate governance scale with an overall rating of 7.6 to 6.7.

3 0

3 years ago

Dodge, Incorporated acquires 15% of Gates Corporation on January 1, 2013, for $105,000 when the book value of Gates was $600,000

nata0808 [166]

Answer:

Goodwill 35,000 debit

Investment in Gates 25,000 credit

Retained Earnings 10,000 credit

--to adjust for change of method--

Explanation:

600,000 x 15% = 90,000

purchased at 105,000

goodwill of 15,000

+ 150,000 x 15% of net income = 22,500

- 50,000 x 15% dividends = (7,500)

investment at the end of 2013:

90,000 + 22,500 - 7,500 = 105,000

Then we purchase 25%

105,000 represent 15%

thus 25% would be: 105,000 / 0.15 x 0.25 = 175,000

purchased at 200,000

goodwill of 25,000 to be recognized.

So, equity method will be:

105,000 + 175,000 = 280,000 for the proportional equity

and 15,000 + 25,000 = 35,000 goodwill

Total of 315,000

While fair value will not recognize goodwill. and also, the investment is not modified when dividends and the gain for the year are delcared.

It measure at cost unless the market value of the stock decrease so we got:

105,000 1st purchase + 200,000 2nd purchase = 305,000

To adjust we are going to decrease investment by 25,000 and increase goodwill by 35,000 the other will go into retained earnings to balance out.

8 0

3 years ago

On January 1, 2022, Ayayai Corporation issued $1,820,000 face value, 6%, 10- year bonds at $1,692,171. This price resulted in an

Law Incorporation [45]

Answer:

$1,820,000 million in bonds issued January 1, 2022

coupon rate 6%

maturity = 10 years x 2 = 20 periods

market interest rate = 7%

1) January 1, 2022, bonds issued at a discount

Dr Cash 1,692,171

Dr Discount on bonds payable 127,829

Cr Bonds payable 1,820,000

2) December 31, 2022, accrued interests on bonds payable

Dr Interest expense 118,452

Cr Interest payable 109,200

Cr Discount on bonds payable 9,252

amortization of bond discount = ($1,692,171 x 7%) - $109,200 = $9,252

3) January 1, 2023, first coupon payment

Dr Interest payable 109,200

Cr Cash 109,200

4) December 31, 2023, accrued interests on bonds payable

Dr Interest expense 119,100

Cr Interest payable 109,200

Cr Discount on bonds payable 9,900

amortization of bond discount = ($1,701,423 x 7%) - $109,200 = $9,900

4 0

3 years ago