KW
Kirsten Werner
Answers (7)
KW
Answered
As one form of organizational control proved to be inadequate in terms of combatting the demand for employee autonomy in the workplace, other forms of control were created. The form that is most holistic in that it considers the life of the employee is ______.
A) technological control
B) biocratic control
C) bureaucratic control
D) ideological control
A) technological control
B) biocratic control
C) bureaucratic control
D) ideological control
On Jul 25, 2024
B
KW
Answered
What is the differential cost from the acceptance of the offer?
A) $150,000
B) $275,000
C) $550,000
D) $125,000
A) $150,000
B) $275,000
C) $550,000
D) $125,000
On Jun 28, 2024
B
KW
Answered
X purchased 40% of Y on January 1, 2019 for $400,000. Y paid dividends of $50,000 in each year. Y's income statements for 2019 and 2020 showed the following.
20192020 Income (loss) before incometaxes $100,000($60,000) Income tax expense (recovery) 40,000(15,000) Net income (loss) $60,000($45,000) Other comprehensive income (net of tax) 20,00025,000 Comprehensive income (loss) $80,000($20,000)\begin{array}{|l|r|r|}\hline & \mathbf{2 0 1 9} & \mathbf{2 0 2 0} \\\hline \text { Income (loss) before incometaxes } & \$ 100,000 & (\$ 60,000) \\\hline \text { Income tax expense (recovery) } & 40,000 & (15,000) \\\hline \text { Net income (loss) } & \$ 60,000 & (\$ 45,000) \\\hline \text { Other comprehensive income (net of tax) } & 20,000 & 25,000 \\\hline \text { Comprehensive income (loss) } & \$ 80,000 & (\$ 20,000)\\\hline\end{array} Income (loss) before incometaxes Income tax expense (recovery) Net income (loss) Other comprehensive income (net of tax) Comprehensive income (loss) 2019$100,00040,000$60,00020,000$80,0002020($60,000)(15,000)($45,000)25,000($20,000) At December 31, 2019, the fair value of the investment was $440,000 and at December 31, 2020 the fair value of the investment was $420,000.
Required:
Prepare X's journal entries for 2019 and 2020, assuming that this is a non-strategic investment and is accounted for at fair value through profit and loss (FVTPL).
20192020 Income (loss) before incometaxes $100,000($60,000) Income tax expense (recovery) 40,000(15,000) Net income (loss) $60,000($45,000) Other comprehensive income (net of tax) 20,00025,000 Comprehensive income (loss) $80,000($20,000)\begin{array}{|l|r|r|}\hline & \mathbf{2 0 1 9} & \mathbf{2 0 2 0} \\\hline \text { Income (loss) before incometaxes } & \$ 100,000 & (\$ 60,000) \\\hline \text { Income tax expense (recovery) } & 40,000 & (15,000) \\\hline \text { Net income (loss) } & \$ 60,000 & (\$ 45,000) \\\hline \text { Other comprehensive income (net of tax) } & 20,000 & 25,000 \\\hline \text { Comprehensive income (loss) } & \$ 80,000 & (\$ 20,000)\\\hline\end{array} Income (loss) before incometaxes Income tax expense (recovery) Net income (loss) Other comprehensive income (net of tax) Comprehensive income (loss) 2019$100,00040,000$60,00020,000$80,0002020($60,000)(15,000)($45,000)25,000($20,000) At December 31, 2019, the fair value of the investment was $440,000 and at December 31, 2020 the fair value of the investment was $420,000.
Required:
Prepare X's journal entries for 2019 and 2020, assuming that this is a non-strategic investment and is accounted for at fair value through profit and loss (FVTPL).
On Jun 25, 2024
2019: Debit Credit Investment in Y $400,000 Cash $400,000 To record X’s purchase of Y Cash $20,000 Dividend Revenue $20,000 To record receipt of Dividends from Y-2019 Investment in Y $40,000 Investment revaluation gain (net income) $40,000 To record revaluation at December 31,2019 2020: Debit Credit Cash $20,000 Dividend Revenue $20,000 To record receipt of Dividends from Y−2020 Investment revaluation loss (net income) $20,000 Investment in Y$20,000 To record revaluation at December 31,2020\begin{array}{|l|r|r|}\hline 2019: & \text { Debit } & \text { Credit } \\\hline \text { Investment in Y } & \$ 400,000 & \\\hline \text { Cash } & & \$ 400,000 \\\hline \text { To record X's purchase of Y } & & \\\hline \text { Cash } & \$ 20,000 \\\hline \text { Dividend Revenue } & & \$ 20,000 \\\hline \text { To record receipt of Dividends from Y-2019 } & & \\\hline \text { Investment in Y } & \$ 40,000 & \\\hline \text { Investment revaluation gain (net income) } & & \$ 40,000 \\\hline \text { To record revaluation at December } 31,2019 & & \\\hline \text { 2020: } & \text { Debit } & \text { Credit } \\\hline \text { Cash } & \$ 20,000 \\\hline \text { Dividend Revenue } & & \$ 20,000 \\\hline \text { To record receipt of Dividends from } \mathrm{Y}-2020 & & \\\hline \text { Investment revaluation loss (net income) } & \$ 20,000 \\\hline \text { Investment in } \mathrm{Y} & & \$ 20,000 \\\hline \text { To record revaluation at December } 31,2020 & & \\\hline\end{array}2019: Investment in Y Cash To record X’s purchase of Y Cash Dividend Revenue To record receipt of Dividends from Y-2019 Investment in Y Investment revaluation gain (net income) To record revaluation at December 31,2019 2020: Cash Dividend Revenue To record receipt of Dividends from Y−2020 Investment revaluation loss (net income) Investment in Y To record revaluation at December 31,2020 Debit $400,000$20,000$40,000 Debit $20,000$20,000 Credit $400,000$20,000$40,000 Credit $20,000$20,000
KW
Answered
Assume that beer is a normal good. If the price of beer rises, then the substitution effect results in the person buying ________ of the good and the income effect results in the person buying ________ of the good.
A) more; more
B) more; less
C) less; more
D) less; less
A) more; more
B) more; less
C) less; more
D) less; less
On May 29, 2024
D
KW
Answered
Research on gender and leadership suggests that:
A) female leaders are less task-oriented than male leaders.
B) male and female leaders adopt equal degrees of task-oriented, people-oriented and participative leadership.
C) male leaders are less people-oriented than are female leaders.
D) female leaders are less participative than are male leaders.
E) none of the above.
A) female leaders are less task-oriented than male leaders.
B) male and female leaders adopt equal degrees of task-oriented, people-oriented and participative leadership.
C) male leaders are less people-oriented than are female leaders.
D) female leaders are less participative than are male leaders.
E) none of the above.
On Apr 29, 2024
E
KW
Answered
Retail Operations, Inc., a U.S. firm, obtains a judgment in a U.S. court against Shinobu, Ltd., a Japanese business. Whether the court's judgment will be enforced by a court in Japan depends on the Japanese court's application of
A) the act of state doctrine.
B) the doctrine of sovereign immunity.
C) the principle of comity.
D) the Foreign Sovereign Immunities Act.
A) the act of state doctrine.
B) the doctrine of sovereign immunity.
C) the principle of comity.
D) the Foreign Sovereign Immunities Act.
On Apr 26, 2024
C