Answer:
Pretax financial income is $3,350,000.00
Explanation:
Fleming's pretax financial income is the taxable income for 2018 plus the increase in cumulative taxable temporary difference in 2018.
Taxable income is $4,000,000
Difference in cumulative taxable difference=$1,600,000-$2,250,000
=-$650,000
pretax financial income=$4,000,000+(-$650,000)
=$4,000,000-$650,000
=$ 3,350,000.00
The pretax financial income for year 2018 is $3,350,000.00
Ending inventory assuming weighted-average cost would be $694
Solution:
Given,
Dunbar sold 560 units of inventory
Apr. 1 Beginning inventory 550 $2.33
Apr. 20 Purchase 310 2.68
Now,
Ending inventory = 560 -550 = 10
= 310 -10 = 300
Ending inventory = 300 × $2.33 = $694
Based on the amount paid by Olive Company for the two year period, the adjusting entry on December 31 would be a debit to an expense and a credit to prepaid expense for $2,050.
<h3>What would be the adjusting entry?</h3>
Based on the accrual method, only costs for the year can be recorded as expenses.
If any costs are for other periods, those costs would be credited to prepaid expenses.
The expense for this year for management services would be:
= Number of months from July to December x Amount paid / number of months in contract
= 6 months x 8,200 / 24 months
= $2,050
In conclusion, expenses will be debited $2,050.
Find out more on prepaid expenses at brainly.com/question/9270086.
Answer:
D. The gold coins are a commodity money because even though they were issued by a foreign government, the gold has intrinsic value
Explanation:
Commodity money is money that has intrinsic value. Its value can be derived from the material from which it is made. E.g. gold, salt, silver
Fiat money is money that has no intrinsic value but the government establishes it as money.
I hope my answer helps you
Answer:
E) illusory correlation
Explanation:
An illusory correlation happens when someone mistakenly believes that the occurrence of one event will result in the occurrence of other unrelated events.
Psychologically every single one of us tends to create a relationship between unrelated events, but some simply go one step ahead and deeply believe in a strict cause-effect relationship.
For example, a lot of people tend to create a relationship between very beautiful women and not being smart. While being pretty has nothing to do with being intelligent. I've met beautiful women that are extremely smart and very capable at work, while other not beautiful women are simply the opposite.
