Answer:
O $ 900,000
Explanation:
When a fee is received in advance for a service yet to be rendered, the revenue for such fee is said to be unearned. The entries required are
Debit Cash account and Credit Unearned fees or deferred revenue.
As the service is performed and the revenue is earned, debit Unearned fees and credit revenue.
Given that
- the specialized directory that is published semiannually and shipped to subscribers on April 15 and October 15 and
- Subscriptions received after the March 31 and September 30 cutoff dates are held for the next publication and
- Cash from subscribers is received evenly during the year and is credited to deferred subscription revenue
The amount to be deferred is the sum of the amounts collected after September 30 (from October to December year 2
= 3/12 * $3,600,000
= $900,000
Answer: $380,000
Explanation:
From the question, we are informed that New Jersey Company owns 80% of the common stock of Newark, Inc. In 2012, New Jersey reported sales of $300,000, and Newark reported sales of $100,000, including sales to New Jersey of $20,000.
Based on the above information, the amount of sales that should be reported in the consolidated income statement for 2012 will be:
$300000 + $100000 - $20,000
= $380000
Answer:
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Explanation:
The answer to this question is <span>assets decrease; stockholders' equity decreases
The journal for this transaction would be
Debit: Rent expense xxxxx
Credit: Cash xxxx
Since cash is considered an asset, it will decrease asset if it placed on credit.
Since expense will reduce net income that will be allocated to stockholders' equity, it will reduce stockholders' equity when placed on debit </span>
Explanation:
Dear Team,
I could see a new practice of bringing pets to the office which is not prevailing in any of the organization. I understand that the pet might give company during night time, but seeing this many have started picking their pets to office in the regular office time.
Over a period of time, I could see that our productivity is down after bringing pets to office. As the managing partner, it is might duty to provide you with all securities when you work late night. Henceforth, I am bringing a new policy "no-pet" policy to avoid bringing pets to office.
I hope everybody will agree and bring back the lost productive hours. Happy working teams.
Thank you.
Regards,
(name)
Managaing Partner
XYZ Consulting Group
