Answer and Explanation:
The accounting equation effects of the adjustments required at the end of the month on July 31 is shown below:-
Transactions Assets = Liabilities + Stockholder's equity
a Utilities payable $550 Utilities expenses -$550
b Wages payable $2,250 Wages expense -$2,250
(3 × $75 × 10)
c Interest receivable $450 Interest revenue $450
($900 ÷ 2)
Explanation:-
a. The adjustment of the utilities would be recognized in the equation of accounting by rising the liability that is utilities payable and falling the equity that is utility expense.
b. The adjustment of the wages would be recognized in the equation of accounting by rising the liability that is wages payable and falling the equity that is wages expense.
c. The adjustment of the interest would be recognized in the equation of accounting by rising the assets that is interest receivable and falling the equity that is interest revenue.
C. Or at least that seems to be the most likely. There are only two similar possible answers which is normally a clue that one of them is wrong and you should be choosing based off how it will benefit you not how it is easier on you.
Hope this helps!
Answer:
The oversupply of hospitals and in-patient beds in the U.S. produced by the Hill-Burton legislation is the result of:
E. A and C
(A. The advent of managed care and C. Technological advances).
Explanation:
Affordable Care Act produced a managed care system that aligns financial incentives to better care at lower costs. This has eliminated the need for in-patient admissions. This is because the Affordable Care Act also created Accountable Care Organizations (ACOs) which in turn are focused on boosting preventive efforts in order to attain quality goals. With preventive healthcare, there is reduced need for in-patient admissions to utilize the hospital beds.
Another factor that has reduced in-patient admissions is the prevailing technological advances, especially in the areas of telehealth and telemedicine. These have also drastically reduced the need for in-patients at hospitals, thus freeing more hospital beds as patients can now receive healthcare services from even remote locations.
Answer:
Explanation:
Step 1
The pro forma income statement of Crosby Inc is as follows, in attachment
Step 2
The excel workings for pro forma income statement of Crosby Inc. is shown below,
Step 3
The pro forma balance sheet of Crosby Inc is as follow...
