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Question - In a company's form 10-Q, this note was included: Contributors-Contributions Made - On March 10, 2021, the Company announced that it was ending its non-employee volunteer program, which began in 2013 to build and improve language courses. As part of this change, those contributors who participated in the program became eligible to receive a one-time award, up to an aggregate amount of approximately $5,098, including fees paid to process payments of approximately $526. The Company accounted for this under Financial Accounting Standards Board ("FASB") Accounting Standards Codifications ("ASC") 958-720, Not-For-Profit Entities - Other Expenses and ASC 720-25, , based on the nature of this contribution, which is an unconditional promise. The Company recorded the initial charge during the three months ended March 31, 2021, which is when the Company made the unconditional promise to pay. During the three months ended June 30, 2021 the amount previously reserved was reduced by $878 to reflect those awards that were not claimed, resulting in a reduction of the expense, bringing the total amount to $4,220. This amount is included within Sales and marketing in the unaudited condensed consolidated statement of operations and comprehensive loss. What are the journal entries for the transactions stated?
What The over/under absorption of fixed overhead is? One of the cost centres in a factory is involved in the final stage of production
Calculate the amount of VAT which Justin must pay to HM Revenue and Customs for the quarter - All amounts exclude any VAT unless otherwise stated
Which are true statements regarding the development of the break-even point formula? Contribution margin is reflected in the equation as a total.
If the company marks up its unit product costs by 25% then the selling price for a unit in Job X455 is closest to: (Round your intermediate calculations)
The stock paid a dividend of $.42 per share during the following year, and the share price at the end of the year was $45. What is the total rate of return
Purrfect Pets had $6,000 of supplies at the end of October. During November, the company bought $2,000 of supplies. At the end of November, the company had $1,000 of supplies remaining. Which of the following statements is not true?
Selling and Administrative Expenses P1,500,000; and Income tax of 40%. Compute the net cash inflows using liquidity and yield preference theories
If sales volume were to decrease 10%, from 4,000 units per month, operating income would?Fixed expenses per month: $60,000
Signs for fields has a tax rate of 30%, and its cost of capital is 15%. Calculate the CCA tax shield for this investment
Compute for the net present value for the investment of health spa only given that 500 sq feet were purchased and resold after 10 yrs
Calculate what Gandolfi's ROI would have been for the year ended December 31, 2013, had the company used the double-declining-balance depreciation method for the CAT 336DL earth mover.
If the hospital reorders when the surgical gloves on hand and on order is 12 boxes, calculate the risk of a stock-out during a lead time.
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