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2 years ago

6

Foreign companies that are listed on the New York Stock Exchange (NYSE) and following their domestic GAAP must report their inco

me in terms of: the International Accounting Standards. the GAAP of their home country. the GAAP of the United States. All of the above

1 answer:

Arlecino [84]2 years ago

7 0

The generally accepted accounting principles of the United States

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Which of the following journal entries is recorded correctly and in the basic format? a. Salaries and Wages Expense 550, Cash 1,

Yuki888 [10]

Answer:

d. Salaries and Wages Expense 550, Advertising Expense 950, Cash 1,500

Explanation:

Whenever a new entry is posted firstly the accounts which are debited are entered.

Secondly the accounts which are credited are posted.

And, the total of debit and total of credit shall always be same, so that the entry is recorded properly.

As an expense, it reduces income and is always debited.

And as for settling the expenses cash is paid, cash being an asset when reduced will be credited.

Total expenses debited = Salaries and Wages + Advertising Expense = 550 + 950 = 1,500

Therefore, as against it cash paid = $1,500 shall be credited.

Cash = $1,500

Thus, correct option is d.

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2 years ago

Student involvement in afterschool activities that are not part of a class or an academic requirement is known as

Ira Lisetskai [31]

Extracurricular activities

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2 years ago

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During its 2021 fiscal year, Jacobsen corporation reported before tax income of 620,000

mixer [17]

Income before tax is the income that is before it has been taxed or before applying deduction.

<u>Explanation:</u>

An individual or organization's salary before taxes and deductions is before tax income for that company, organisation or for a single individual.

For singular pay, it is determined as the person's wages or pay, venture and resource gratefulness, and the sum produced using some other wellspring of pay. In an organization, it is determined as incomes less costs.

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2 years ago

When the economy is operating at point C, the Federal Reserve may decrease the discount rate to

brilliants [131]

Answer:

D ; increase growth

Explanation:

The discount rate is one of the tools that the Federal Reserve uses to direct monetary policy. Banks are subject to minimum reserves requirements. If a bank falls below this minimum, it can borrow from the banks with a surplus, or borrow from the federal reserve. If it borrows from the Fed, the interest rate that applies is the discount rate. The discount rate is always higher than the fed fund rate; hence, banks use it as a last resort.

The discount rate and the fed rate have similar effects on the economy. The Fed uses the discount rate to regulate the money supply in the country. When the growth in slow, the fed will reduce the discount rate. A low discount rate means the cost of borrowing money goes down. The impact is that individuals and businesses will afford to borrow money for consumption and investment.

Increased levels of investments and consumption will mean a higher GDP, which is growth.

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2 years ago

Which of the following statements is true? Question 8 options: Always shake hands in an interview as it is the polite thing to d

SVETLANKA909090 [29]

I think the answer would be A. It definitely would not be B or C and D seems kind of rude so I think that A. would be the most courteous and kind. Hope this is helpful for you! :)

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2 years ago

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