Answer:
The correct answer is common area maintenance.
Explanation:
Maintenance costs for common areas are charges (on rent) to tenants for the maintenance costs of lobbies, rest rooms, parking lots, patios and other common areas.
The conservation and maintenance of the building is one of the obligations that every community of owners must fulfill by Law. Sometimes, the neglect or the lack of liquidity in the communities, prevents the necessary conservation work.
Answer:
The journal entry to record the purchase of treasury stock would be:
Debit ($) Credit ($)
Treasury Stock 3,800
Cash 3,800
Explanation:
In order to prepare The journal entry to record the purchase of treasury stock we would have to calculate the treasury stock as follows:
Treasury Stock=shares purchased*cost per share
Treasury Stock=100 Shares x $38.00 per share
Treasury Stock=$3,800
Therefore, The journal entry to record the purchase of treasury stock would be:
Debit ($) Credit ($)
Treasury Stock 3,800
Cash 3,800
Answer:
An <u>account</u> is maintained for each financial statement item, whereas a(n) <u>general ledger</u> contains all of the accounts of the company.
Explanation:
Financial statements refers to a statement that that provides formal records of all financial activities and standing of a company or any entity in a structured and easily understandable manner.
For each item of financial statement, an account is kept with the aim of giving a an accurate record of all business activities that are germane to that specific financial statement item.
The purpose of a general ledger is to show individual transactions and resulting account balance of each account of a company as a single collection.
Therefore, an <u>account</u> is maintained for each financial statement item, whereas a(n) <u>general ledger</u> contains all of the accounts of the company.
Answer:In the month of May, Revenue was only earned from Customer C $3,400 and customer D, $2,300. Revenue was not earned from Customers A and B in the month of May. Therefore, total revenue is $5,700.
Explanation:In accordance with the principle of revenue recognition,Revenue will only be recognised when it is earned and services when they are fully rendered. For Customer A, the service has not been rendered, Therefore, the revenue is not yet earned.
For customer B, Although agreement has been reached and goods delivered, since payment hasn't been received, revenue is not recognised.
The correct answers are:
<span>A.)mutual funds are more strictly regulated than hedge funds
</span><span>D.)mutual funds collect money from investors while hedge funds from companies
Mutual funds are investment programs that are funded by shareholders while hedge funds are invested funds from borrowed money. In terms of an investment program, mutual funds are more effective.</span>
