Acompany has the following transactions: 1. pay employees' salaries for the current period. 2. pay rent in advance. 3. pay dividends to stockholders in the current period. 4. receive (but do not pay) a utility bill. 5. use supplies previously purchased. how many of these transactions result in an expense being reported in the current period using accrual-basis accounting?
Answers: 1
Business, 22.06.2019 11:10
Yowell company granted a sales discount of $360 to a customer when it collected the amount due on account. yowell uses the perpetual inventory system. which of the following answers reflects the effects on the financial statements of only the discount? assets = liab. + equity rev. − exp. = net inc. cash flow a. (360 ) = na + (360 ) (360 ) − na = (360 ) (360 ) oa b. na = (360 ) + 360 360 − na = 360 na c. (360 ) = na + (360 ) (360 ) − na = (360 ) na d. na = (360 ) + 360 360 − na = 360 na
Answers: 1
Business, 22.06.2019 20:30
Mordica company identifies three activities in its manufacturing process: machine setups, machining, and inspections. estimated annual overhead cost for each activity is $156,960, $382,800, and $84,640, respectively. the cost driver for each activity and the expected annual usage are number of setups 2,180, machine hours 25,520, and number of inspections 1,840. compute the overhead rate for each activity. machine setups $ per setup machining $ per machine hour inspections $ per inspection
Answers: 1
Business, 23.06.2019 00:10
During the current year, luis university received a $50,000 gift from an alumna who specified that it must be used to pay travel costs for faculty to attend health care conferences in foreign countries. during the year the university spent $8,000 to support travel to a health care conference in italy. the $8,000 disbursement will cause a net decrease in which class of net assets?
Answers: 1
Business, 23.06.2019 01:30
Why would adjusting the money supply be expected to increase economic growth during a recession? a) increasing the money supply will encourage more saving. b) increased money supply will encourage more spending and investment. co) decreased money supply will encourage more spending and investment. d) recession is caused by too much
Answers: 3
Acompany has the following transactions: 1. pay employees' salaries for the current period. 2. pay...
Arts, 14.11.2020 01:20
Engineering, 14.11.2020 01:20
Mathematics, 14.11.2020 01:20
Arts, 14.11.2020 01:20
Computers and Technology, 14.11.2020 01:20
History, 14.11.2020 01:20
Mathematics, 14.11.2020 01:20
Biology, 14.11.2020 01:20
Health, 14.11.2020 01:20
Mathematics, 14.11.2020 01:20
Mathematics, 14.11.2020 01:20
Mathematics, 14.11.2020 01:20
Mathematics, 14.11.2020 01:20
Advanced Placement (AP), 14.11.2020 01:20
Chemistry, 14.11.2020 01:20