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2 years ago

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 :

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The owner of Mercury Appraisal Company held a ribbon-cutting event when he opened his new business. He invited city dignitaries,

cestrela7 [59]

Answer:

create awareness

Explanation:

Based on this scenario it can be said that the main goal of this promotion was to create awareness. This means grabbing the attention of as many individuals as possible in order to spread the company's reach. Doing so allows a wider population to get to know the company which in term leads to more clients doing business with Mercury Appraisal Company, and more business means more profits.

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4 years ago

employees make greater use of their skills and enjoy more opportunities for professional development in a organization.

DedPeter [7]

In a decentralized organisation, employee uses more of their skills and enjoy professional development as well.

Decentralized organization is a type of organizational structure where most decisions-making are made by mid or lower level managers.

Under a decentralized organizational structure, the senior management delegates majority of decision making to lower levels in the organization.

In conclusion, employees who works under a decentralized organisation viii make greater use of their skills. Development of professional career will be enjoyed because more freedom are given to them at the workplace.

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2 years ago

Hewell Co. started 2020 with two assets: Cash of E200,000 (Euros) and Land that originally cost E252,000 when acquired on April

salantis [7]

Answer:

Please find the complete question and its solution file in the attachment.

Explanation:

Timing of shifts in Boerkian's net money assets

Date Particulars Stickles Exchange Rate Dollars

1-Jan Assets $(26000 + 72000)$ $98000 \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ 0.29\ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ 28420$

1-May Service Revenue $36000\ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ 0.30\ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ 10800$

1-Oct Operating Expenses $(22000) \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ 0.31\ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ 6820$

31-Dec Net Assets $112000\ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ 32400$

31-Dec Net Assets at Current Exchange Rate on Dec.31 $112000\ \ \ \ \ \ \ \ \ \ \ \ \ \ \ 0.35\ \ \ \ \ \ \ \ \ \ \ \ \ \ \ 39200$

31-Dec Gain $(\$39200 - \$32400)$ $6800$

The profit is $6,800 for the subsidiary. The exchange rate is higher on 31 December.

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3 years ago

Employees of Bodegas & Bistros Inc. (2B) maintain a password-protected social media page to "vent about work." When 2B learn

emmainna [20.7K]

Answer:

The answer is: A) a violation of the Stored Communications Act.

Explanation:

The Stored Communications Act (1986) regulates voluntary and compelled disclosure of "stored wire and electronic communications and transactional records". In order to force third party internet service providers (ISPs) to disclose the contents of email or other files stored, only a subpoena and prior notice is needed.

In this case, Bodegas & Bistros didn't present a subpoena to the network, so they shouldn't have been allowed the information.

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3 years ago

A company's value-creating activities can offer a competitive advantage in one of these ways. a. contribute to greater efficienc

natali 33 [55]

A company's value-creating activities can offer a competitive advantage by contributing to greater efficiency and lower costs and provide a basis for differentiation.

<h3>What is differentiation?</h3>

This is a process whereby organizations ensure that their product are recognized in the market space. The aim is to distinguish a company's product from competitors.

Hence, a company's value-creating activities can offer a competitive advantage by contributing to greater efficiency and lower costs and provide a basis for differentiation.

Learn more about differentiation here: brainly.com/question/26683215

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2 years ago