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Mekhanik [1.2K]
3 years ago
15

Why do I have to pay

Business
2 answers:
Alex Ar [27]3 years ago
4 0

Answer:

Pay for what?

Explanation:

Most things require you to pay a fee.

JulijaS [17]3 years ago
4 0
In order for you to get the item that you want, and that’s goes for you selling too u get money when you sell (give item for money) in order to have money again.
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A liability created when a business collects cash from customers in advance of providing services or delivering goods is called?
Bumek [7]
<span> <span>The liability created by receiving cash before providing the service or delivering the goods in question is called unearned revenue. In this case, the entity providing the goods/services records this transaction as revenue that has been generated but in real sense, the seller remains with the liability until after the actual delivery of the goods/services. The purpose of this practice can be advantageous to the seller in certain situations such as easing the burden of paying interest on debts.</span></span>
3 0
2 years ago
The current value in today's dollars of a future sum of money is called :______
AleksandrR [38]
Ans: (a) present value
4 0
2 years ago
N December 2, Coley Corp. acquired 1,700 shares of its $2 par value common stock for $21 each. On December 20, Coley Corp. resol
erma4kov [3.2K]

Answer:

Credit Treasury Stock $20,000

Explanation:

When the company reissued the shares, the Treasury Stock account is credited by the same price they were acquire. i.e. in this case we acquire the treasury stock at a price of $20.

Cash (1,000 * 12)                                    12,000

Additional Paid in Capital                        8,000

                         Treasury Stock (1,000 * 20)               20,000

6 0
3 years ago
g A Mortgage Backed Bond is: Group of answer choices a. A mortgage-backed security that pass-through promised payments of princi
o-na [289]

Answer:

A Mortgage Backed Bond is:

e. A loan in which security interest in real estate is granted by a borrower.

Explanation:

A mortgage backed bond is tied to or secured on a real estate asset.  This implies that the bond is not just a promise to pay a debt obligation but the attached promise is secured or backed by some real assets.  There is extra security provided for the bond because specific assets are identified as securities for the bond.  Since the bonds are associated with some real assets, the assets can be traded in the event that the debt obligations are not met.

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3 years ago
Squeaky Shine provides car washing services in Jersey City, New Jersey. A three-month pass for automatic car wash sells for $60,
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Answer:

Explanation:

1. The journal entries are shown below:

On December 1

Cash A/c Dr $1,260

     To  Deferred Service Revenue $1,260

(Being cash is received)

On December 31, 2016

Deferred Service Revenue $420                 ($1,260 ÷ 3 months)

      To Service revenue                    $420

(Being service revenue is recorded)

2. Income statement

Earned income from car washing services    $420

Balance sheet

Assets

Cash              $1,260

Liabilities

Deferred Service Revenue       $840        ($1,260 - $420)

7 0
3 years ago
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