Answer:
C, Management Information System
Explanation:
Answer:
Hager should recognize a pre-tax gain on this exchange of $12,000
Explanation:
In order to calculate the pre-tax gain on this exchange that should be recognized, we would have to calculate first the total gain as follows:
Total Gain=$480,000-$384,000
Total Gain=$96,000
Because the exchange lacks commercial substance and some cash was received a portion of gain is recognized=$60,000/$480,000=0.125
Therefore, amount of pre-tax gain=$96,000*0.125=$12,000
Hager should recognize a pre-tax gain on this exchange of $12,000
Answer:
A) Dr. Encumbrances – Office supplies No entry
Cr. Encumbrances outstanding
Explanation:
The journal entry is given below;
For Governmental fund financial statements
Encumbrances-Office Supplies $1,500
To Encumbrances Outstanding $1,500
(Being Office Supplies ordered is recorded)
For Government-wide financial statements
No journal entry is required as under the accrual accounting, no entry should be recorded until the transaction does not arise
Therefore the option a is correct
Answer:
Option(b) is the correct answer to the given question
Explanation:
The main objective of the first amendment says that freedom and rights regarding to the correct to the protest, religious faith, appearance as well as assembly.This law is all about the freedom to all the region of the person .
- The first amendment prohibits Congress both from supporting yet another religious belief over the other and prohibiting the religious beliefs of even a person as well.
- As claudia writing the letters to the news paper supportive of the law's effect. She also protests upwards the sidewalk, noisily promoting her viewpoint in front of town hall it is similar to first Amendment law.
- All the other option are not related to the given scenario that's why these are incorrect option .
