Answer:
Explanation:
A. Investment of additional cash into the business by owner is recorded in the general Journal
B. Rendering service for cash is recorded in the cash receipt Journal
C. Rendering of service on account is recorded in the revenue journal
D. Receipt of cash on account from a customer is recorded in the cash receipt Journal
E. Sale of office supplies for cash, at cost, to a neighboring business is recorded in the general journal
F. Adjustment to record supplies used at the end of the year is recorded in the general journal
G. Closing of drawing account at the end of the year is recorded in the general journal
Answer:
Johan Co.
Explanation:
Since in the question it is given that the Johan Co. has an intangible asset and we already know that on an intangible asset, the amortization expense is charged whereas on the other side the Abco Co has goodwill on which the impairment is charged
So, in the given scenario, the amortization should be reported on Johan Co financial statements only
Answer: Option (C) is correct.
Explanation:
Total current assets = $658,000
Current Assets = total current assets - purchased equipment - salaries paid + Borrowings
= $658,000 - $2000 - $560 + $80000
= $735,440
Total current liabilities = $365,000
Working Capital of James as on December 31, 2013:
= Current Assets - Current Liabilities
= $735,440 - $365,000
= $370,440
I believe the correct answer would be maximum performance. This is the rem used to describe the overall performance of a person at his best. This is the highest level of performance that can be shown by one. Hope this answers the question.
Answer:
C
Explanation:
When a manager chooses to produce a quantity where marginal revenue exceeds marginal cost, the company is not earning all the profit that it can.
