Answer:
merit-based
Explanation:
Financial aid takes many forms, and most often does not need to be paid back.. merit based need is based on academic excellence
The answer to the statement above would be TRUE. Yes, it is correct that approximately, 300 billion dollars are donated to charities each year, but this only covers those charities that are registered. There are about 40,000 charities in the United States alone. The answer for this is D.
Answer:
False. $130 is the amount that should be recognized.
Explanation:
Depreciation is the systematic allocation of cost to to an asset. It is given as
Depreciation = (cost - salvage value)/ estimated useful life
Annual depreciation = 10920/7
= $1560
Monthly depreciation = $1560/12 = $130
Hence should the company record depreciation expense of $80 per month, depreciation will be understated.