Question: Can anyone explain, in plain and simple terms, how the accounting allocation works for the proportional method? Separately, how does the accounting allocation work for

Can anyone explain, in plain and simple terms, how the accounting allocation works for the proportional method? Separately, how does the accounting allocation work for the incremental method? What's the difference in applying these two different method

Step by Step Solution

★★★★★

3.45 Rating (161 Votes )

There are 3 Steps involved in it

1 Expert Approved Answer

Step: 1 Unlock

SOLUTION proportional method is a method which is used to allocate a lumpsum sale to one or more cla... View full answer

Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock

Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!

How many different spanning trees does each of these simple graphs have? a) K3 b) K4 c) K2,2 d) C5

Explain the content of the tax treaty AUS- UK. Explain these 30 contents? The UK / Australia double taxation convention was signed on 21 August 2003 entered into force on 17 December 2003. It has 30...

Explain the difference between the proportional method and the incremental method of allocating the proceeds of lump-sum sales of share capital.

ANSI-SPARC6 Programming Language Compilation Write notes on each of the following topics: (a) the implementation of labels and jumps in a recursive, block structured programming language [7 marks]...

Can anyone help me with this or already have the solution this whole Finance Workbook for Madura Personal Finance, Third Edition by Jeff Madura BUILDING YOUR OWN FINANCIAL PLAN WORKBOOK INDEX Chapter...

networsksss [4 marks] (c) Write down a HOPLA term realising the parallel composition of PCCS. Use this to give an encoding of PCCS into HOPLA, specifying a HOPLA term JPK for every PCCS term P....

Address the interaction of laws and new technologies and how they have evolved each other in recent years based on the below article... BIG DATA "Privacy Versus Progress" : A Necessary Sacrifice, By...

a. FASB Statement of Concepts No. 6 (a replacement for SCON No. 3), Elements of Financial Statements, describes the building blocks with which financial statements are constructed. i . Explain, in...

Accounting Homework Case Bon-Ton: Caught In The Rain of US Retail Bankruptcies ONLY ATTEMPT THIS QUESTION IF YOU ARE CONFIDENT! A step-by-step breakdown and analysis is preferred using Accounting...

In the Opinion of the Court in Bostock v. Clayton County, Georgia case. Why the Court believes that "sex" means the same thing as "sexual orientation?" "How" does the Court argue for that position?...

Evaluate Melnyk's strategy. What are the objectives? What would you do if you were in his situation, prior to the lawsuit? How do investors gather information about companies like Biovail? What are...

Given the following minerals which one(s) would you choose as a possible material for a first order compensator, please explain why for each material even if the material is not a good fit you must...

Evaluate the integral. d x x l n x 3 1 3 l n ( l n x 3 ) C 1 3 l n x 3 C In x 3 c l n ( t a n x 3 ) c

For this exercise, your client, Bright IDEAs Inc., has provided you with data for two related files, a listing of sales invoices, and a listing of customers with credit limits. To test whether credit...

The following transactions took place at Eddie's Sports Gear during the first week of October 2016. Indicate how these transactions would be entered in a cash receipts journal. DATE TRANSACTIONS Oct....

Jarem Company showed $189,000 in prepaid rent on December 31, 2015. On December 31,2016, the balance in the prepaid rent account was $226,800. Rent expense for 2016 was $472,500. Required: 1. What...

Lehighton Chalk Company manufactures blackboard chalk for educational uses. The company's product is sold by the box at $50 per unit. Lehighton uses an actual costing system, which means that the...

Consider the following independent events: a. Loss on sale of an asset b. Decrease in accounts receivable c. Increase in prepaid insurance d. Depreciation expense e. Decrease in accounts payable f....

Identify the true statements about drug testing of employees in the United States. (Check all that apply.) Multiple select question. All public employees are protected from some drug testing by the...

Question Reply Knotia/text reference Explain in plain language the difference between recognizing either revenue or expense transactions and realizing them. Recognizing: Revenue/expense is recorded...

IT 403 Project Part 1 Total Point: 100 Details of what is needed to complete the mini project as discussed in class Use SPSS for your computations, copy all relevant tables and graphs to appropriate...

Question/ Find the return rate than one needs in order to quadruple $5,000 in five years using the EXCEL function and verify this answer with your mathematical derivation. Provide the rate formatted...

The investment universe is composed of a set of following 4 assets: With a correlation structure R=10.20.50.30.210.70.40.50.710.90.30.40.91 Denote the column vector of asset weights by w, the column...

Note: the attached word document contains the same instructions and template as is shown below. The Clean Right Partners Inc. Collective Agreement and a helpful table showing some common union and...

Interpret the Outcome of a Program Consider the following program: def array1_0(x): if len(x) == 0: return 0 y = x[0] for val in x[1:]: if val > y: y = val return y What does this program do? Please...