Net loss can be thought of as a __________ to the Capital account.<br><br> Debit<br> Credit

Schwartz Industry is an industrial company with 100 million shares outstanding and a market capitalization (equity value) of $4

Fudgin [204]

I have to think again about this answer. I will get back! 2.22

6 0

3 years ago

Karl Harris, a marketing critic, is concerned about the pervasiveness of marketing. He points out that advertising messages are

Stels [109]

Answer:

Viral Marketing

Explanation:

Viral marketing is the use of every possible medium to promote a product. This medium includes but not limited to the use of newsletters , billboards, hand bills , social media , e books and internet.

The aim is to leverage on the social and networking media to extend the coverage of advertisements of goods and services.

Despite its advantages in coverage and cost , disadvantages include spam threats and loss of the power of brands

5 0

2 years ago

Federal facilities, and the security measures they require, are divided into five levels. A ________ facility has more than 450

alex41 [277]

Answer:

Level IV

Explanation:

Security levels of United States Federal buildings are used to allocate safety measures such as glazing to reduce injury from broken glass, distance for traffick to the building, and prevention of building collapse.

There are levels one to five.

Level IV facilities has more than 450 employees, 80,000 to 250,000 square feet of office space, and a high volume of public contact.

Usually used by law enforcement or ntelligence agencies such as ATF, FBI, DEA, and Federal courts

7 0

3 years ago

Mini, Inc., earns pretax book net income of $1,900,000 in 2019. Mini deducted $196,400 in bad debt expense for book purposes. Th

Xelga [282]

Answer:

a. $10,311

b. $0

c. $9,546.95

Explanation:

a. Deferred tax asset account:

= Deferred tax asset 2019 + Deferred tax asset 2020

Deferred tax asset 2019 = Bad debt for book purposes * tax rate

= 196,400 * 21%

= $41,244

Deferred tax asset 2020 = Bad debt for tax purposes * tax rate

= 147,300 * 21%

= -$30,933

Deferred tax account balance = 41,244 + (- 30,933)

= $10,311

b. Deferred tax liability account = $0

From the given details there are no tax liabilities.

c. Cost to Mini;

= Deferred tax asset * Present value factor

= 10,311 * 0.9259

= $9,546.95

4 0

2 years ago

Wages of $8,000 are earned by workers but not paid as of December 31. Depreciation on the company’s equipment for the year is $1

ArbitrLikvidat [17]

Answer:

a Wages expense 8, 000

Wages payable 8,000

b Dr Depreciation expense 10,840

Cr Accumulated depreciation-equipment 10,840

c Dr Supplies expense 4,397

Cr Supplies 4,367

d Dr Insurance expense 2,700

Cr Prepaid insurance 2,700

e. Dr Interest receivable 650

Cr Interest revenue 650

f. Dr Interest expense 3,000

Cr nterest payable 3,000

Explanation:

Preparation of Adjusting entry

a. Based on the information given we were told that Wages of the amount of $8,000 are earned by workers but was not paid which means that the Journal entry will be :

Dr Wages expense 8000

Cr Wages payable 8000

(To record wages payable)

b. Based on the information given we were told that Depreciation of the company’s equipment for the year was the amount of $10,480 which means that the Journal entry will be:.

Dr Depreciation expense 10,840

Cr Accumulated depreciation-equipment 10, 840

(To record Depreciation )

c. Based on the information given we were told that Office Supplies had the amount of $310 as debit balance in which During the year the amount of $4,597 of office supplies was purchased and a physical count of supplies shows the amount of $510 of supplies available which means that the Journal entry will be :

Dr Supplies expense 4,397

(310+4,597-510)

Cr Supplies 4,367

(To record supplies expense)

d. Based on the information given we were told that the insurance policies shows that the amount of $2,700 of unexpired insurance remain at December which means that the Journal entry will be :

Dr Insurance expense 2,700

Cr Prepaid insurance 2,700

(To record insurance expense)

e. Based on the information given we were told that the company has earned but did not record the amount of $650 of interest revenue which means that the Journal entry will be :

Dr Interest receivable 650

Cr Interest revenue 650

(To record interest)

f. Based on the information given we were told that the company has interest expense of the amount of $3,000 which means that the Journal entry will be :

Dr Interest expense 3,000

Cr Interest payable 3,000

(To record interest expense)

4 0

3 years ago

Net loss can be thought of as a __________ to the Capital account. Debit Credit