Answer:
Motorcycle A/c Dr. 65,000
To Cash A/c 65,000
Motorcycle is asset
asset will be Dr. when increase
Cash is asset and
asset will be Cr. when decrease
buying motorcycle from cash,
Motorcycle coming cash going
Motorcycle → Debit
Cash → Credit
Answer:
This is a case of low moral intelligence,option A.
Explanation:
Moral intelligence is the ability to differentiate right from wrong as well as acting based on what one thinks is right.
Moral intelligence is a function of one's uprightness and envisaging the consequences of an action.
All in all, the top executive should have known that the information about his stock performance is a classified information not meant for everyone's consumption,hence his moral intelligence at the lowest ebb.
Answer:
Consumers buy goods or services they want or need.
Explanation:
With the alternatives given above, only a customer buys goods or services they want or need while producers produces goods and supply consumers at a specific price. Consumers buys from the producers at a particular price
Answer:
accrued basis income: 14,300
cash basis income: 9,500
Explanation:
accrued: we reocgnize base on the time of transfer of goods and the expense are mathced when the period they occur.
revenues 33,700
operating expense <u> (19,400) </u>
net income 14,300
cash basis: we recognize based on the cash collection or disbursement:
collected from customer 25,900
paid expenses (13,600)
insurance paid <u> (2,800) </u>
net income 9,500
Answer
The answer and procedures of the exercise are attached in the following archives.
Explanation
You will find the procedures, formulas or necessary explanations in the archive attached below. If you have any question ask and I will aclare your doubts kindly.
