Answer:
Pedigo Corporation
Journal Entries
Debit Credit
Amortization Expense - Patent $10,000
Patents (Working 1) $10,000
<em>To record amortization of Patents on December 31, 2020</em>
Explanation:
Working 1:
Amortization expense = Patent cost x 1/5 year x 8/12 months
= $75,000 x 1/5 x 8/12
= $10,000
Note that no entry is made to to amortize Goodwill worth $150,000. This is because Goodwill has an indefinite life. As only entries to record amortization are required, there is no other entry on December 31, 2020.
Answer:
d. It will estimate higher residual values for its assets.
Explanation:
The depreciation is calculated on the value of the asset to be depreciated in the life of the asset that is cost - Salvage or residual value.
Thus, when the residual value is high then the amount to be depreciated will be low.
Then no matter whatever the method of depreciation be: the value of depreciation expense in dollars will be ultimately.
This will help in showing the highest earnings whatever the circumstance be.
Thus correct option is D.
Answer:
Glass ceiling effect
Explanation:
Nicola is experiencing the glass ceiling effect,which is a barrier or resistance to the efforts of women and minorities to reach the top ranks of management in major corporations. This term refers to gender gap in managerial or executive positions in an organization that is faced by women and minorities even though they are well qualified for such positions. women in such organizations find themselves unable to advance beyond a certain level of management.
Answer:
b. The company issued common stock in 2015.
Explanation:
As we can see that the common stock is more in 2015 as compare to the 2014 year
Plus, the retained earning is got decreased by $340
If we see the options, the most appropriate option is b. as the common stock is issued in 2015 for $1,000 so it total value come for $2,000 in year 2015 and in year 2014 it is 2014
Therefore, all other options are wrong.
Letting friends on social media know about a publicly posted job opening would be considered as an ethical use of social media by its employees. Everyone who works for a firm should be aware that whatever they post on social media could have an impact on their respective businesses. Their good deeds may, to some extent, benefit their business.
On the other hand, the humiliating behavior or misdeeds of employees can harm the standing of the company they work for. Utilizing social media platforms correctly involves more than just avoiding common blunders. The ethics of using social media are not just about passive behavior, even though the majority of it is about avoiding doing certain things.
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