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:
tell her to make extra!
Explanation:
you can use excuses such as wanting to pack leftovers for a meal the next day, or saying you're extra hungry
Answer:
120 seconds (2 minutes)
Explanation:
Standard time = normal time + allowances
The normal time is computed using the following formula
normal time = observed time X ratings/100
observed time mean = (84+76+80+84+76)/5 = 80
A person who is 25% faster has a rating of 125%
normal time = 80 X 125/100 = 100 seconds
Allowances is calculated as a percentage of normal time
Allowance = 80 X 20/100 = 20 seconds
Standard time = 100 + 20 = 120 seconds
Piaget’s concrete operational stage is characterized by the active, appropriate use of: logic.
Jean Piaget was a developmental biologist and psychologist who was born on the 9th of August, 1896 in Neuchâtel, Switzerland.
Piaget worked extensively on cognitive development in infants and teenagers based on the following:
Jean Piaget's stages of cognitive development in an ascending order includes;
I. Sensorimotor stage.
II. Preoperational stage.
III. Concrete operational stage.
IV. Formal operational stage.
The concrete operational stage is typically described as age 7 through age 11, at which the child thinks logically.
In conclusion, the active, appropriate use of logic is a feature of John Piaget’s concrete operational stage.
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Answer:
Unlimited printing of money will cause the problem of inflation.
Explanation:
Inflation is a general increase in the price of goods and services.
It can be caused by the following:
Demand-pull inflation - This type of inflation is caused by an excess demand for goods and services by consumers without commensurate supply from suppliers.
Cost-push inflation - This type of inflation is caused by an increase in the price of goods and services.
Lastly, out of others, I will like to discuss inflation caused by unlimited printing money.
I sometimes wonder why the country cannot just prompt money so that we can all be smiling and spending cash together. The fact is that this will reduce the purchasing power of money because it is in excess and ultimately leads to inflation.
When there is unlimited printing of money in a country, the cash in the circulation will be in excess, hence more money will be needed to buy few product. That is an indication of inflation.