Answer:
Check the explanation
Explanation:
Solution: Journal entry for the purpose would be:
Cash A/c. Dr. 4920
Interest Revenue 20
Interest Receivable 100
Note Receivable. 4800
(Being due amount on note along with the interest collected)
Note:
Total interest on Note= 4800 x 10% x90/ 360 days
= $120
Interest accrued in previous year=$ 120 x 2.5/3 =$ 100
(i.e. represent in entry by way of interest receivable)
Interest income for current period =$(120-100)=$20
Assumed: Financial year ended on December 31st.
Answer:
4: not enforce it.
Explanation:
It may be stated that the court does not exercise this additional agreement in this particular case based on the information provided in the question. This is due to the fact that it is not directly clear for payment. Because they make extra payments for the Genovey contract, they try to overcome the odds, and if these limitations are beyond their control they cannot do so.
Answer:
$1.49 per share
Explanation:
The calculation of diluted earnings per share is given below:-
Diluted shares outstanding= $200,000 + 12,000 × ($36 - $30) ÷ 36
= $200,000 + 12,000 × 6 ÷ 36
= $200,000 + 2,000
= $202,000
Diluted earnings per share = Net income ÷ Diluted shares outstanding
= $300,000 ÷ $202,000
= $1.49 per share
Therefore for computing the diluted earnings per share we simply divide the net income by diluted shares outstanding.
Answer:
The correct answer is C that is $(140,000)
Explanation:
Elimination of the North Division will result in the overall net income or loss which is computed as:
Elimination of the North Division will result in the overall net income or loss = South Net Income (NI) - North's allocated costs
where
South Net Income is $100,000
North's allocated costs is $240,000
So,
= $100,000 - $240,000
= $(140,000)
Therefore, it will result in loss of $140,000
Note: The Net Income will be decline or decrease by $240,000 when the division was dropped.
