By what authority was the creation and existence of a u. S. National bank deemed legitimate?.

Business

1 answer:

erastovalidia [21]2 years ago

5 0

Congress

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According to the basic double entry principle of accounting, we

Vlad1618 [11]

Answer:

D. Any of the above, depending on the transactions

Explanation:

The double entry principle simply means that any accounting transaction has two records: one credit, and one debit, and it depends on the nature of the transaction, and of the accounts involved which specific value is credited and which one is debited.

For example, if a firm purchases 100$ of office supplies with cash, the credited account is cash, because cash is reduced by $100, while the office supplies account is debited by the same value.

If a firm sells 100$ of office supplies instead, the office supplies inventory is credited for this value, while the same amount of cash is debited for this same amount.

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3 years ago

In the hospitality industry, the two largest expositions are the american hotel & lodging association conference and the ___

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The choices are:
A) Food Safety Executives B) National Restaurant Association
<span>C) International Hotel/Motel & Restaurant Show D) Hospitality Design Expo
</span>
The answer is B) National Restaurant Association, it <span>is known and recognized as the largest foodservice trade association in the world that supports thousands of restaurants. NRA has a reputable status in the hospitality industry. The aim is to help empower restaurant entrepreneurs and provide support for its members. </span>

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3 years ago

Husker corporation reports current e&p of negative $200,000 in 20x3 and accumulated e&p at the beginning of the year of

Ksivusya [100]

Distribution is treated as a deductable to the shareholders of 1:10 to each dollar amount.

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4 years ago

Troubleshooting computer problems can best be described as a(n) ____.

marissa [1.9K]

Technical difficulties

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4 years ago

Last year, Stumble-on-Inn, Inc. reported an ROE of 19 percent. The firm's debt ratio was 60 percent, sales were $34 million, and

Sonja [21]

Stumble-on-Inn, Inc.'s net income for last year is <u>$3,359,200</u>.

<h3>Data and Calculations:</h3>

ROE (Return on Equity) = 19%

Debt ratio =60%

Sales = $34 million

Capital intensity = 1.30 times

Assets = $44.2 million ($34 million x 1.30)

The Total Debt = $26,520,000 ($44,200,000 x 60%)

The Equity = $17,680,000 ($44,200,000 - $26,520,000)

The Net income = $3,359,200 ($17,680,000 x 19%)

Thus, Stumble-on-Inn, Inc.'s net income for last year is <u>$3,359,200</u>.

Learn more about Net Income at brainly.com/question/21271689

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3 years ago