Answer:
These are the options for the question:
A.credibility of the source
B.information quality
C.whether the information is negative or positive
D.the cost of obtaining the information
E.how the information is to be used
And this is the correct answer:
C.whether the information is negative or positive
Explanation:
Because the information is being gathered with the goal of obtaining feedback from the customers about how the company could improve, making such changes depend on whether the information is negative or positive.
If for example, all the customers gave positive feedback, then the company would not need to change anything about its operation: it would be satisfying customer expectations.
Answer:
$17,000
Explanation:
The computation of the amount of the depreciation expense using the straight-line method is shown below:
= (Purchase value of an equipment - estimate salvage value) ÷ (useful life)
= ($90,000 - $5,000) ÷ (5 years)
= ($85,000) ÷ (5 years)
= $17,000
All other information which is given is not relevant. Hence, ignored it
Answer:
PeopleMag cannot report a gain on the sale of land for 2007 or 2008 in the consolidated financial statements
Explanation:
PeopleMag cannot report a gain on the sale of land for 2007 or 2008 in the consolidated financial statements. The land must be reported on the consolidated balance sheet at its original cost of $75,000. The intercompany gain is unrealized and is eliminated. In 2009, the entire gain of $45,000 ($120,000 - $75,000) is realized and recognized when the land is sold to an outside party.
Answer:
-$11 million
Explanation:
According to the scenario, computation of the given data are as follow:-
We can calculate the impact of transactions on retained earnings by using following formula:-
Impact of transactions on retained earnings = - common dividend - preferred dividend - loss on sale of equipment
= -$3 million - $2 million - $6 million
= - $11 million
All three items should be deducted as it has a negative impact on the retained earnings
