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11Alexandr11 [23.1K]
1 year ago
15

While in the process of posting from the journal to the ledger, a company failed to post a $500 debit to the equipment account.

the effect of this error will be that?
Business
1 answer:
shepuryov [24]1 year ago
5 0

While in the process of posting from the journal to the ledger, a company failed to post a $500 debit to the equipment account. the effect of this error will be that <u>the </u><u>trial balance</u><u> will not balance. </u>Option E

This is further explained below.

<h3>What is an equipment account.?</h3>

Generally, The cost of the equipment is reported through an accrued liabilities or long-term asset account known as the equipment account.

In conclusion, A corporation made a critical error while they were uploading transactions from the journal to the ledger because they forgot to report a debit of $500 to the equipment account.

The trial balance will not be accurate as a result of this error because it will throw off the calculations. Option E

Read more about the equipment account

brainly.com/question/14598373

#SPJ1

complete question

While in the process of posting from the journal to the ledger, a company failed to post a $500 debit to the Equipment account. The effect of this error will be that:

Multiple Choice

The Equipment account balance will be overstated.

The error will overstate the credits listed in the journal.

The total debits in the trial balance will be larger than the total credits.

The error will overstate the debits listed in the journal.

The trial balance will not balance.

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During the deep recessions of the early 1980s and of 2007-2009, unemployment reached roughly __________.
RUDIKE [14]

when the nation went through a deep recession in the early 1980s and 2007-2009, the unemployment rate reached A. 10%.

<h3>what was the unemployment rate in 2007-2009?</h3>

after the disastrous Great Recession started in late 2007, companies were forced to terminate people's contracts to stay afloat.

this led to unemployment reaching levels of around 10% of the labor force. This had not been seen in the U.S. since the early 1980s.

options for this question include:

A. 10%. B. 20%. C. 30%. D. 40%.

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5 0
2 years ago
nyle Corp. owned 100 shares of Beta Corp. stock that it bought in 1993 for $9 per share. In 2014, when the fair market value of
Inga [223]

Answer:

$1100.

Explanation:

We have been given that Nyle Corp. owned 100 shares of Beta Corp. stock that it bought in 1993 for $9 per share. In 2014, when the fair market value of the Beta stock was $20 per share.

Nyle's recognized gain on this distribution would be:

\text{Value of 100 share at a rate of }\$20\text{ per share }-\text{Value of 100 share at a rate of }\$9\text{ per share}

\$20\times100-\$9\times 100=100(\$20-\$9)=100(\$11)=\$1100

Therefore, Nyle's recognized gain on this distribution was $1100.

6 0
3 years ago
Terra Corporation purchased equipment with a 10-year useful life and zero residual value for $100,000. At the end of the fourth
vazorg [7]

Answer:

Assets increase by $10,000

Total stockholders' equity increases by $10,000

Explanation:

Since in the question, it is given that, the purchase value of equipment is $100,000 and the exchanged value is $110,000

So, the difference of $10,000 ($110,000 - $100,000) would reflect that the assets would increase by $10,000 and the total stockholders' equity is also increased by $10,000

The exchange value is a combination of $70,000 in trade allowance and $40,000 was paid in cash

3 0
3 years ago
Is bussines studies hard? ​
alexdok [17]

Answer:

No

Explanation:

I took it last year

6 0
3 years ago
Read 2 more answers
Sanders, Inc., paid a $4 dividend per share last year and is expected to continue to pay out 60% of its earnings as dividends fo
maks197457 [2]

Answer:

The price of the stock today is $42.94

Explanation:

The price of a stock whose dividends are expected to grow at a constant rate is calculated using the constant growth model of Dividend Discount model approach. It bases the price of the stock on the present value of the expected future dividends. The price today under this model is calculated as follows,

P0 = D0 * (1+g)  /  r - g

Where,

  • D0 * (1+g) is the D1 or the dividend for the next year
  • r is the required rate of return
  • g is the growth rate in dividends

P0 = 4 * (1+0.052)  /  (0.15 - 0.052)

P0 = $42.938 rounded off to $42.94

6 0
3 years ago
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