Answer:
Expenses will be understated, hence, Net Income will be overstated.
Rent prepaid will be overstated, hence, current assets will be overstated.
Explanation:
Ordinarily, rent prepaid is meant to be credited every month to the tune of the the value that has been consumed and then added to period expenses to reduce net income.
In the statement of Financial Position, the same amount that has been consumed should be used to reduce balance in rent prepaid account, otherwise, current assets will be overstated if no adjustment is made.
<h2>cause _____ in this community, asnew regulation requires the local coal plant to install filtering technology to reduce their <em><u>carbon emissions by 50%. Purchasing the necessary equipment is too expensive for this business, forcing them to close the plant and lay off its 500 employees. Although the intent of the new regulation was to address potential _____ caused by the plant, the closing of the business will likely cause _____ in this community, as many of its</u></em> residents relied on jobs at the plant.</h2>
Answer:
A. $24,000
Explanation:
The missing information is shown below:
Allen capital $60,000
Burns capital $30,000
Costello capital $90,000
For computing the balance of Burns’s capital account, first we have to determine the different amount which is shown below:
= Paid amount - Costello capital
= $100,000 - $90,000
= $10,000
This bonus amount would be deducted from the remaining partner's balances in the ratio of 3:2
For Burns, it would be
= $10,000 × 3 ÷ 5
= $6,000
So, the burns capital amount would be
= $30,000 - $6,000
= $24,000
Answer:
The answer to this question is D. Commission
Explanation:
Stockbrokers are legal representatives who executes buy and sell orders for stocks and other securities on behalf of clients. The fee that the stockbroker charges for this service is called commission
Hence the answer is D. commission
Answer:
D. transferred out during the process plus the units in the ending inventory.
Explanation:
Using the Weighted - Average process costing the equivalent units of production always equals the units completed and transferred plus equivalent units remaining in work in process.
Remember that to calculate the equivalent units remaining must multiplicate the units per the percentage of completion. In this case, the percentage is 100% of materials for the units remaining because were added at the beginning of the process.
