Answer:
The accrual basis provides more useful information for decision makers as it matches better revenue against expenses.
Explanation:
net earnings under the cash basis of accounting:
service revenue $22,000
less operating expenses $13,000
less insurance $3,600
Net earnings $5,400
net earnings under the accrual basis of accounting:
service revenue $28,000
less operating expenses $14,500
Net earnings $13,500
The accrual basis provides more useful information for decision makers as it matches better revenue against expenses.
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Answer:
The correct answer is D
Explanation:
Merger is the defined as the corporate strategy which combines different companies or organization into a single or one company so that to enhance the operational as well as financial strengths of both the companies and carry out the business as one.
The motive or purpose is to takeover the business as the economic gains results through merging the resources of the two companies.
So, the primary or main motive for mergers is to take the advantage or benefit of the other company's tax loss carryforward.
Answer: a growing division of labor between employees with different skills
Explanation: apex
Answer:
No. She suffered no physical impact
Explanation:
Negligent infliction of emotional distress occurs when a person engages in an act that can cause severe emotional distress to another .
The plaintiff must be able to prove that the act was done willfully or provide an evidence that
- It was a result of defendant's negligence
- Plaintiff suffered emotional distress a direct result of the action
- The action was foreseeable by the defendant
- The plaintiff was in a danger zone
before he can win a claim.
The question here is how to prove emotional stress? The plaintiff must be able to show a verifiable physical injury that is linked to the emotional distressed suffered.
Answer:
Question a:
The non-controlling interest of Rockne´s 2018 net income is $111,000.- calculated by taking 30% of Rockne´s net income of $370,000.-
Question B:
There are 3 entries required to eliminate te sale of goods form rochne to doone.
The first entry eliminates the sales recorded by rockne against te inventory or cost of goods sold by recorded by doone. To consider, the 60% of the purchases went trhough cost of good sol d and 40% of the purchases remain in inventory until the following year. Here is the engru:
Debit/sales/$530
Credit/COGS/ ($318) 60%
Credit inventory ($212) 40%
The next entry has to do with the amount of inventory that remained from the last intercompany transaction. This is caclulated usin 40% of 2017 sales, which were $430. So:
Debit inventory $172
Credit Cogs ($172)
The last part is to eliminate the recievable on the book of rockne when they made te sale
Debit Payable $530
Credit receivable ($530)
