To answer the problem, we are first to convert the
measurement given in yards to feet using the appropriate dimensional analysis.
<span> = (50 yards) x
(3 ft / 1 yard) = 150 ft</span>
We divide the calculated value by the given rate,
<span> n = 150 ft / (3
ft/year) = 50 years</span>
<span>Therefore, it will 50
years for the tree to grow 150 ft. </span>
Answer:
A) Accounting for bonds and notes under US GAAP and IFRS is similar.
Explanation:
US GAAP and IFRS do not have the same accounting guideline for bond issue cost:
Under US GAAP, bonds payable is recorded at face value while premiums or discounts are recorded separately. While under IFRS, bonds payable is recorded using the carrying value, and amortization or premiums or discounts is done by using the effective-interest method.
Its an expense account that follows credit, not debit
Answer: c = 44x + 320
Explanation:
Based on the information given, the cost of materials used in the shoe is a variable cost and this will be:
= Total cost - Fixed cost
= $1200 - $320
= $880
Since there are 20 shoes, the cost if materials used per shoe is: = $880/20 = $44
Then the total cost equation will then be:
c = 44x + 320
where,
C = Total cost incurred in a day
x = Number of pair of shoes made in a day.
Therefore, the correct option is A.
Answer:
dividends 24,900
dividen payable 24,900
to record declaration of dividends
dividend payable 24,900
cash 24,900
to recored payment of dividends
Explanation:
amount of dividends:
8,300 shares x $3 per share = 24,900
dividends 24,900
dividend payable 24,900
to record declaration of dividends
we post the dividends declared and we post the payable
dividend payable 24,900
cash 24,900
to recored payment of dividends
we decrease the cash account and write-off the dividend payable