Yes, I think it is important to save for retirement as early as 18 years old. I think this so that if anything goes wrong you can have kind of like a safety net.
Answer:
Sweetpea have a gain of $1,000
Explanation:
When the depreciable property is sold, then the gain or loss will be computed to the extent on the difference among the selling price and the adjusted basis.
So, the adjusted basis will be
= Cost of the basis - Depreciation
= $5,000 - $2,000
= $3.000
Therefore,
Gain or Loss = Selling Price - Adjusted basis
= $4,000 - $3,000
= $1,000
Hence, it is a gain of $1,000.
Answer:
The Matching Principle
Explanation:
The Matching Principle of accounting holds that revenues should be matched with expenses. Hence the name.
This is to say, that revenues should only be recognized when the associated expenses with those revenues have been spent.
For example, in numeral a), we can see that Norfolk Southern Corporation recieved cash in advance, but it only recognized revenue once it had performed the services associated with that cash collection.
The company attribute that increases in value as stakeholders view that company in a positive light is company name or logo.
<h3>What is the The company attribute about?</h3>
Goodwill by a firm is known to be one that needs to be earned or made in a given time period.
Note that it is one that is seen as the tool for success and profitability. A company's name, as well as their corporate logo, and their trademark will help to increase in value as stakeholders view of the company.
Therefore, The company attribute that increases in value as stakeholders view that company in a positive light is company name or logo.
Learn more about company logo from
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Answer:
b. debit to Accounts Receivable and credit to Sales Discount Forfeited for $120
Explanation:
The last payment of $12,000 it's without discount because was not made within the 10 days, so it's necessary to Debit Cash by $12,000 and reverse the accrual for the remaining $120 discount offered not applied.
The it's necessary to record this entry:
b. debit to Accounts Receivable and credit to Sales Discount Forfeited for $120
