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2 years ago

Listed below are accounts that appear in financial statements.

Business

1 answer:

Kobotan [32]2 years ago

7 0

Answer:

Dividends - Statement of Changes in Retained Earning

Dividends are payments to shareholders from a company's net income. They are derived from the Statement of Changes in Retained Earning because this is where Net Income is sent to. After they are deducted from Retained Earnings, the Earnings form part of Equity.

Differed Revenue - Balance Sheet

Differed Revenue refers to money that was received from a customer or client for goods and/or services that have not yet been delivered. The business will treat them as a liability until they are delivered so they will go under Current Liabilities in the Balance Sheet assuming they are to be fulfilled in 12 months or less which is usually the case.

Service Revenue - Income Statement

These are revenue that the business earns for providing a service when their main source of revenue is by selling goods. It is listed in the Income Statement just after Revenue and is added to Revenue to get Total Revenue.

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A company purchased a piece of equipment for $50,000 and the equipment has an expected useful life of five years. Its residual v

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Answer:

$12,000

Explanation:

Given that,

Cost of equipment = $50,000

Expected useful life = 5 years

Estimated residual value = $4,000

Depreciation refers to the fall in the value of fixed assets with the passage of time.

Here, we are using double-declining-balance depreciation method,

Firstly, we are calculating the straight line depreciation rate as follows:

= (100% ÷ useful life)

= (100% ÷ 5)

= 20%

So, the double-declining depreciation rate is calculated by multiplying the straight line depreciation rate by 2. It is calculated as follows:

= 2 × straight line depreciation rate

= 2 × 20%

= 40%

First year depreciation is calculated as follows:

= Double-declining depreciation rate × Cost of equipment

= 40% × $50,000

= $20,000

Therefore, the amount of depreciation expense for the second year is calculated as follows:

= Double-declining depreciation rate × (Cost of equipment - First year depreciation)

= 40% × ($50,000 - $20,000)

= 0.4 × $30,000

= $12,000

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A. the repairs do not extend beyond the damage suffered.

TEA [102]

It would be c. hope that helps

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2 years ago

Imagine you are a consultant who has been asked to summarize the strengths and weaknesses of Customaria, a nation with a pure tr

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Answer:

There is little cooperation, relative to other economies.

The participants in the economy are slow to adopt new beneficial technologies due to previous customs.

Occupational choices can be restricted.

Explanation:

Traditional economies are old economy types that rely mainly on barter as a a mean of exchange. Their customs and tradition hinder changes related to technology, showing high resistance to change. Since economy is mainly based in the primary economy sector, occupational choices are usually limited for inhabitants.

There is the absence of international trade, as barter is the reigning exchange method done only inside the country.

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I think the answer would be using your eyes

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Until 1992, the Walt Disney Company had experienced nothing but success in the theme park business. Its first park, Disneyland,

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The Anaheim park was an instant success, which Walt Disney Company replicated in Florida and Tokyo but failed to export to Paris, France.

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Despite the envisaged 30,000 jobs that Disney Paris was to create and the demographic centrality of Paris in Europe, the diversification in Europe flopped.

Thus, Disney's misadventure in Europe became a short-lived and disastrous dream for the Walt Disney Company because of cultural misunderstanding.

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