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2 years ago

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

Business

1 answer:

xz_007 [3.2K]2 years ago

6 0

Answer:

The answer is Credit.

Explanation:

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

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Ambiguity can arise as to whether receivables have been sold or instead are being used as collateral for a loan whenever certain

victus00 [196]

Answer:

is whether the transferor surrenders control over the receivables

Explanation:

In Sales of Receivables and Collateralized Borrowing,.companies do not want to wait for payments to arrive as they simply quickens cash collection with help of bank or financing company and also factoring and collateralized borrowings are various means to speed up cash collections. In Collateralized borrowing, receivables are simply collateral. Company gets cash from bank and is saddle with the responsibility for repaying loan.

Issues regarding collateralized borrowing are the sales of receivables had the purchaser is called a factor, borrowing using receivables as collateral and accounts receivable is not wipe off from seller's books.

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3 years ago

A holiday sales flyer advertised a video game system for a significantly reduced price and

patriot [66]

I believe it’s false advertising.

It’s like bait, they get you in the store only to tell you they don’t have the item, then proceed to sell you something much more expensive.

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2 years ago

Valley Technology Balance Sheet As of March 11, 2020 (amounts in thousands) Cash 9,700 Accounts Payable 1,500 Accounts Receivabl

ollegr [7]

Answer:

total liabilities = accounts payable $11,500 + unearned revenue $7,500 + debt $65,900 + other liabilities $800 = $85,700

Explanation:

Cash 9,700 Accounts Payable 1,500 Accounts Receivable 4,500 Debt 2,900 Inventory 3,800 Other Liabilities 800 Property Plant & Equipment 16,400 Total Liabilities 5,200 Other Assets 1,700 Paid-In Capital 7,300 Retained Earnings 23,600 Total Equity 30,900 Total Assets 36,100 Total Liabilities & Equity 36,100

1. Buy $15,000 worth of manufacturing supplies on credit

Supplies Accounts payable

debit credit debit credit

15,000 1,500

15,000

16,500

2. Issue $85,000 in stock

Cash Paid-In Capital

debit credit debit credit

9,700 7,300

85,000 85,000

94,700 92,300

3. Borrow $63,000 from a bank

Cash Debt

debit credit debit credit

94,700 2,900

63,000 63,000

157,700 65,900

4. Pay $5,000 owed to a supplier

Cash Accounts payable

debit credit debit credit

157,700 16,500

5,000 5,000

152,700 11,500

5. Receive payment of $12,000 owed by a customer

Cash Accounts receivable

debit credit debit credit

152,700 4,500

12,000 12,000

164,700 7,500

Due to some strange reason, accounts receivable has a debit balance (= $4,500 - $12,000). Since that is not possible, the remaining part $7,500 must be included under unearned revenue:

Accounts receivable Unearned revenue

debit credit debit credit

7,500 0

7,500 7,500

0 0 7,500

7 0

3 years ago

It seems as if consolidated net income is always less than the sum of the parent’s and subsidiary's separately calculated net in

BARSIC [14]

Answer:

<h2>Consolidated net income is the sum of net income of the parent company excluding any income from subsidiaries recognized in its individual financial statements plus net income of its subsidiaries determined after excluding unrealized gain in inventories, income from intra-group transactions, etc.</h2>

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1 year ago

FREEEEEEEEEEEEEE brainliest!!

Ksju [112]

Answer:

how does brainliest work?

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2 years ago