Answer:
E) B and C
Explanation:
<em>
The missing word </em>"Florida Travel Inc. issues 5,000 shares of $5 pa r value common stock for $85,000"
Date Account Titles and Explanation Debit Credit
Cash $85,000
Common stock $25,000
(5000 shares x $5)
Paid-in capital in excess of par $60,000
Answer:
Depreciation expense $95,000
To Accumulated depreciation $95,000
(Being the depreciation expense is recorded)
Explanation:
The journal entry is shown below:
Depreciation expense $95,000
To Accumulated depreciation $95,000
(Being the depreciation expense is recorded)
The computation is shown below:
= (Cost installed - Residual value) ÷ Useful life
= ($920,000 - $160,000) ÷ 8
= $95,000
For recording this journal entry we debited the depreciation expense as it is increased the expenses while at the same time it decreased the value of the fixed assets so the accumulated depreciation is credited
Based on the information given, it can be illustrated that the form of business organization that's depicted is a business trust.
A business trust is also known as common law trusts. They are legal instruments that provide a trustee the authority and power to be able to manage the interest of a beneficiary in a business.
Since Overseas Shipping Corporation and Port Storage Company transfer their assets to Quality Operations, Inc., which manages the assets and distributes the profits to the beneficiaries. This is known as a business trust.
Learn more about businesses on:
brainly.com/question/24388522
Answer:
B
Explanation:
a. have previously held a job.
b. are actively seeking employment at least in the past 4 weeks.
c. are only willing to accept a reasonable offer.
d.are more than 21 years of age.
A person is unemployed if she does not have a job but is actively seeking employment
types of unemployment
structural unemployment is an unemployment that occurs as a result of changes in the economy. These changes can be as a result of changes in technology, polices or competition. Structural unemployment tends to be permanent.
The geologist lost his hob permanently due to increase in wages (polices)
Frictional unemployment: the period of time a person is unemployed from the period he leaves his current job and the time he gets another job. Eg. when a real estate agent who leaves a job in Texas and searches for a similar, higher-paying job in California.
Voluntary unemployment: e.g. worker at a fast-food restaurant who quits work and attends college.
