Answer:
$29,760
Explanation:
Overhead application rate = 124% of direct labor cost
The required total labor costing = $24,000
Total overhead applied = Overhead application rate * $24,000
Total overhead applied = 124% * $24000
Total overhead applied = $29,760
TURKEY - TURKEY - TURKEYTURKEY - TURKEY - TURKEYTURKEY - TURKEY - TURKEYTURKEY - TURKEY - TURKEYTURKEY - TURKEY - TURKEYTURKEY - TURKEY - TURKEYTURKEY - TURKEY - TURKEYTURKEY - TURKEY - TURKEYTURKEY - TURKEY - TURKEYTURKEY - TURKEY - TURKEYTURKEY - TURKEY - TURKEYTURKEY - TURKEY - TURKEYTURKEY - TURKEY - TURKEYTURKEY - TURKEY - TURKEY
Answer:
TRUE
Explanation:
A potential obligation that depends on the future outcome of past events is a contingent liability!
- An obligation is something that is to be done
- A potential obligation is a thing or activity that is among the options of stuff that can be done
- When something depends on the future outcome of past events, it introduces or carries with it, the cost of waiting (for future outcomes)
- A contingent liability is something that poses probability of loss instead of gain. The opposite of liability is asset.
So in business, a potential obligation or action that depends on the future outcome of past events is a contingent loss rather than gain.
Answer:
Entries and their narrations are posted below
Explanation:
We will record assets and expenses on the debit as they increase during the year and will record liabilities and capital on the credit side as they increase during the year or vice versa.
<u>Journal Entries</u>
2018
Dr Tax Expenses 132000
Cr Deferred Tax Liability (66000*30%) 19800
Cr Tax Payable (374000*30%) 112200
2019
Dr Tax Expenses 106,020
Dr Deferred Tax Liability (66000-26400)*25% 9,900
Cr Tax Payable (386400*30%) 115,920
2020
Dr Tax Expenses 100500
Dr Deferred Tax Liability (33000*25%) 8250
Cr Tax Payable (430000-28000+33000)*25% 108750
2021
Dr Tax Expenses 117750
Dr Deferred Tax Liability (5600*25%) 1400
Cr Payable (470000+6600)*25% 119150
<u>Working </u>
2018
Accrued Income 440000
Less: Instalment Revenue -66000
Taxable Income 374000
2019
Accrued Income 360000
Add: Instalment collection 26400
Taxable Income 386400
2020
Accrued Income 430000
Less: Interest from municipal Bonds -23000
Add: Instalment collection 28000
Taxable Income 435000
2021
Accrued Income 470000
Add: Instalment collection 6600
Taxable Income 476600
"Guiding and motivating employees to work effectively to accomplish organizational goals and objectives, giving assignments, explaining routines, clarifying policies, and providing feedback on performance are all tasks associated with the function of management." all these are Leading This is further explained below.
<h3>What is
Leading?</h3>
Generally, a person in charge of a team, an organization, or an entire nation.
In conclusion, Management activities include guiding and inspiring people to achieve corporate goals and objectives, offering assignments, describing procedures, clarifying regulations, and providing performance feedback. Leading
Read more about Leading
brainly.com/question/14328429
#SPJ1