Answer:
$0
Explanation:
As we know that the impairment loss is recognized when the book value is more than the fair value
As we can see that since book value is not greater than the fair value so the impairment loss than need to be recorded at the end of 2016 should be zero as it does not satisfy the given condition
Hence, the answer is $0 and the same is to be considered
The answer is tuition fees, room and board, books, supplies and other expenses.
Answer:
Explanation:
The statement of stockholder's equity comprises common stock and retained earnings. The ending balance after adjustment shown in the attached spreadsheet.
The ending balance of retained earning = Beginning balance of retained earnings + net income - dividend paid
And, the ending balance of the common stock = Beginning balance of common stock + issued shares
Before preparing the statement of stockholders’ equity we need to calculate the net income or net loss as the case may be. The computation is shown below:
Net income = Sales revenue - cost of goods sold - operating expenses
= $780,800 - $519,000 - $88,800
= $173,000
The preparation of the statement of stockholders’ equity is presented in the spreadsheet. Kindly find the attachment below:
Answer:
D. Cash is credited $213; repairs and maintenance expense is debited $213.
Explanation:
In double-entry accounting, transactions that reduce assets such as cash are credited while those that increase assets are debited.
By paying for repairs services, the amount of cash at hand reduces by $213. Because cash is an asset, the cash account will be credited( reduced) by $213.
Repairs and maintenance expense account is an expense account as the name suggest. As a rule, transactions that increase expenses are debited. In this case, Mr. Peabody will debit( increase) the repairs and maintenance account by $213.
The answer for this question is: Out of state ID
When accepting out-of-state study, the institution is required to ask for additional information such as recent photos and document issuance date.
Since this type of ID make everything become complicated, a lot of individual establishments choose not to accept this type of ID.