Answer and Explanation:
The preparation of the First stage allocation of overhead costs to the activity cost pools is presented below
Particulars Making awnings Job Support Other Total
Production Overhead $67,500 $60,000 $22,500 $150,000
Office Expenses $8,000 $65,000 $27,000 $100,000
The production overhead is allocated in 45% 40%, 15% and 100%
And,
The office expenses is allocated in 8%, 65%, 27% and 100%
The same is shown above
｡☆✼★ ━━━━━━━━━━━━━━ ☾
Not necessarily. Sure, there are some things where it is very clear what is right and wrong but there are so many situations where it is hard to differentiate between what is right and what isn't.
Have A Nice Day ❤
Stay Brainly! ヅ
- Ally ✧
｡☆✼★ ━━━━━━━━━━━━━━ ☾
Answer:
$0
Explanation:
We know that:
- Isabella is 30% Partner In ITV
- with basis of $40000
ITV Distribute
s:
- $32,000 cash
- $32,000 inventory (Inside Basis $16,000)
- $16,000 receivable (Inside Basis $24,000)
Therefore, we calculate Isabella's net gain or loss
$32000 × 30% = $9,600 Cash
$32000 × 30% = $9,600 Inventory
$24000 × 30% = $7,200 Receivable
The total amount is
$9600 + $4800 + $7200 =$21,600
Therefore Isabella's net gain or loss will be $40,000 - $21,600 = $18,400.
From the calculations, Isabella will have $0 gain or loss from the liquidating distribution
