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babymother [125]
3 years ago
14

Debit means increase and credit means decrease for all accounts. true false

Business
1 answer:
zimovet [89]3 years ago
5 0
I'm pretty sure that's false.. don't bash if im wrong
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Country a is characterized by tightly knit social groups and it places importance on belonging to​ organizations, families, and
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<span>Country is characterized by tightly knit social groups and it places importance on belonging to​ organizations, families, and other​ groups, it has​ collectivism.
</span>In cultures in which collectivism predominates, group decisions are valued and accepted.
<span>In individualism on the other hand, the primary concern is for themselves and their families.</span>
4 0
3 years ago
On January 1, 2021, David Mest Communications granted restricted stock units (RSUs) representing 30 million of its $1 par common
erastova [34]

Answer:

1. December 31, 2018

Dr Compensation expense $150 million

Cr Paid-in capital - restricted stock $150 million

2. December 31, 2019

Dr Compensation expense $132 million

Cr Paid-in capital - restricted stock $132 million

3. December 31, 2020

Dr Compensation expense $141 million

Cr Paid-in capital-restricted stock $141 million

Explanation:

1. to 3. Preparation of the appropriate journal entry to record compensation expense on December 31, 2018. December 31, 2019. and December 31, 2020

1. Preparation of the appropriate journal entry to record compensation expense on December 31, 2018

First step is to determine the Total compensation expense

Total compensation =$15 per share x 30 million options granted = $450 million total comp.

1.Preparation of the appropriate journal entry to record compensation expense on December 31, 2018

December 31, 2018

Dr Compensation expense $150 million

($450 million/3 years )

Cr Paid-in capital - restricted stock $150 million

(To record compensation expense)

2. Preparation of the appropriate journal entry to record compensation expense on December 31, 2019

December 31, 2019

Dr Compensation expense $132 million

[($450 million*94%*(2/3))-$150 million]

(100%-6%=94%)

Cr Paid-in capital - restricted stock $132 million

(To record compensation expense)

3. Preparation of the appropriate journal entry to record compensation expense on December 31, 2020

December 31, 2020

Dr Compensation expense $141 million

[($450 million*94%)-$150 million -$132 million]

Cr Paid-in capital-restricted stock $141 million

(To record compensation expense)

8 0
2 years ago
You have $1200 to invest in a bank account with an interest rate of 5.5%, compounded monthly. After how many years will your acc
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8 0
2 years ago
In January 2016​, currency held by individuals and businesses and​ traveler's checks was ​$1,347 ​billion; checkable deposits ow
Zielflug [23.3K]

Answer:

M_1 = $3111

M_2 = $12409

Explanation:

    Given data:

Amount of currency held  =  $1347 billion

checkable deposit $1347 billion

saving deposit $8189 billion

small time deposit $400 billion

market fund $709 billion

Saving deposit in the form M2 and M1

M_1 =  currency held as individual and traveller check +  checkable deposit

       = $1347 + $1764

M_1 = $3111

M_2 = M_1 +  saving deposit _ time deposit + maket funds

       = $3111 + $8189 + $400 + $709

M_2 = $12409

3 0
3 years ago
Ace Corporation engaged Kosier, CPA, to perform a consulting engagement. While driving to Ace's office, Kosier was involved in a
Keith_Richards [23]

Answer:

The correct answer is B. Correct! Since Ace is not in control of the actions of Kosier (an independent contractor), Ace would  generally not be responsible for Kosier's torts.

Explanation:

An independent contractor is a person who is hired to do a specific job. It is said that she is her own boss because she controls how and where the work is done.

These people have greater freedom and only undertake to perform the specific function they agreed with the person owning a company. For example, the independent contractor agrees that he will serve clients at a 9 a.m. store. at 1 p.m. or that he will go to the meetings and prepare a report on the subject assigned to him. Outside these specific functions, the independent contractor controls how he manages his time.

5 0
3 years ago
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