Debit Income Summary and credit Dividends for $25,000.
Answer: Option 5.
<u>Explanation:</u>
The balancing account of the company or an organisation is where the entries of the company are made and recorded so that at then end of the year the financial position of the company becomes clear to the stake holders of the company.
It is a double entry book keeping record where single entry is made on two sides of the book, the debit side and the credit side. This makes the book in balance for every entry. Entry on the debit and the credit side is made with the same amount to maintain the balance.
Well of this is true of false it would be false because you have to be 18 years old. This can’t happen in the first place because you have to be 18 years or older to purchase the television
Answer:
2) Matching
Explanation:
The matching principle refers to that principle at which the revenues that are recognized in the particular year should be matched with the expenses that are incurred in that particular year
According to the given scenario, it talks about the matching principle at which the expenses are to be reported when the related revenue is recognized
Therefore, it follows the matching principle.
Answer: $9000
Explanation:
Based on the values given in the question, the consolidated gain or loss on equipment for 2018 would be calculated as:
Cost of equipment = $120,000
Less accumulated depreciation = $66,000
Less: Amount Devin sold equipment to Pepe = $45,000
Consolidated loss= $120,000 - $66000 - $45000
= $9000
Answer:
b. Feedforward control
Explanation:
Feedforward control is a form of proactive control that includes measures that pertain to prevent certain consequences and safety hazards. This company wants to prevent their employees form getting injured from particles during manufacturing. So, this is an example of feedforward control, that aims to prevent, not react.
