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Sidana [21]
2 years ago
12

The adjusting entry for a prepaid expense includes a debit to a(n) ______ account

Business
1 answer:
ziro4ka [17]2 years ago
4 0

The adjusting entry for a prepaid expense includes a debit to a expense account and a credit to an asset account.

<h3>What is adjusting entry ?</h3>

An adjusting journal entry  can be described d as the  entry in a company's general ledger which is been carried out at end of an accounting period in order to have the record of any unrecognized income or expenses.

It should be noted that The adjusting entry for a prepaid expense includes a debit to a expense account and a credit to an asset account.

Find out more on adjusting entry at :

brainly.com/question/13933471

#SPJ1

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When projecting the balance sheet, what happens when the initial balance sheet yields estimated total assets greater than the su
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The correct answer is E

Explanation:

Assets is the one, which is any kind of resourced owned by the business and could be used in future for the benefit of the business. So, in this case, the balance sheet, states that the estimated total assets are more than the total equity and the liabilities, which represent that the company or the business is in good state that the liabilities of the company are paid off and the equity is also balanced, the company is still in good situations as have the total assets.

3 0
3 years ago
A given investment project will cost RM400,000. Incremental annual cash flows after taxes are expected to be RM80,000 per year f
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Answer:

Based on the profitability index method, the investment should not be accepted.

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Explanation:

The profitability index method measures the present value of benefits for by dividing the present value of benefits by the present of initial investments.

The present value of initial investment in this project remains RM400,000.  The present value of incremental annual cash flows of RM80,000 after taxes for 5 years will be equal to:

RM80,000 * 3.668 = RM293,440

Then the next step is to divide the present value of benefits by the initial investment as follows:

RM293,440/RM400,000 = 0.7336 = 73.36%

The implication is that the present value of the benefits is less than the initial investment costs.  The project should then be rejected.

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4 years ago
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The answer & explanation for this question is given in the attachment below.

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Since Selena Gomez has to make the people aware about a particular contest with which these people might be able to earn some lucky tickets giving them free entry to a concert, the site or the platform that should be used to make people aware about this contest or give information about it should be the one which is used by a large number of people and from where it can be shared quickly from one person to another.

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3 years ago
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