Answer:
The required adjusting entry would be to debit the Interest expense account and credit the Interest payable account
Explanation:
Following the Accrual accounting - an accounting method that revenue or expenses are recorded when a transaction occurs rather than when payment is received or made.
The company borrowed $10,000 from the bank at 5% interest. The loan has been outstanding for 45 days. At the end of a period, if required adjusting entry, the adjusting entry:
Debit Interest expense and Credit Interest Payable
Answer:
B) False
Explanation:
The storming stage is the second stage of team development. At this stage, the group members should start gaining each other's trust. They are generally more willing to open up and express their views and opinions. Sometimes conflicts can result from different members' opinions, and power struggle occur within the team.
Answer:
For: Money is an effective, powerful and simple motivator. Self-evidently, money motivates and extra money motivates people to work extra hard. It's natural to compete, and when rewarded with money for better work then productivity and standards are raised for all..
While money often doesn't motivate, it can nonetheless be a powerful demotivator. In “Blocked employees and money as a motivator,” James daSilva notes that too little money can be especially demotivating to top-performing employees who are “blocked” from earning more.
Answer: $21,890
Explanation:
The general business credit allowed for the year is the net income tax less the higher amount between the tentative minimum tax and the net regular tax liability after adjustments.
Adjustment to net regular tax liability:
= 25% * (Net regular tax - 25,000)
= 25% * (207,955 - 25,000)
= $45,738.75
Greater figure is the tentative minimum tax of $197,010
Business credit allowed is:
= 218,900 - 197,010
= $21,890
The right answer for the question that is being asked and shown above is that: "a. the sale or transfer of the franchise to a government entity." One of the most important features of the franchise contract is the provision related to <span>a. the sale or transfer of the franchise to a government entity.</span>
