The amount of track improvement cost that should be allocated to the Western Division is $3,200,000.
<h3>What amount should be allocated to
Western Division?</h3>
The amount that should be allocated to Western Division is a function of the miles travelled on the Western division.
The amount to be allocated to Western Division : (miles travelled on Western division / total miles travelled) x cost of the revision
- miles travelled on Western division = 800,000 miles
- total miles travelled = 1,200,000 + 800,000 = 2,000,000 miles
The amount to be allocated to Western Division : (800,000 / 2,000,000) x 8,000,000 = $3,200,000
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Answer:
I can't but I give the best of wishes on getting $15 on Nitro type
Answer:
The answer is A. After months of consistently raising, the unemployment rate stayed the same for two months in a row.
Explanation:
Answer:
Explanation:
AAA AEP
Beginning balance, 1/1/20 200,000 110,000
Less: Distributions (140,000) (0)
Less: Loss (ordinary) (120,000) (0)
Ending Balance (60,000) 110,000
Here AAA is adjusted first for the distributions and then for the loss. The negative balance must be restored to a positive before the shareholders may receive any distributions that will not be taxed as dividend income.
The journal entry for the purchase of the stock for the trading securities portfolio is that Securities account debited and bank account credited.
Given that Slick Rocks management purchased the Sandstone stock for the trading securities portfolio instead of the available-for-sale securities portfolio.
We are required to form the journal entry that are required by the facts presented in the case.
A journal is basically a detailed account which records all the financial transactions of a business to be used for the future reconciling of accounts.
The journal entry will be as under:
Securities account debited and bank account credited. If we know that which security is being purchased then we can name that securities also.
Hence the journal entry for the purchase of the stock for the trading securities portfolio is that Securities account debited and bank account credited.
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