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Margaret [11]
3 years ago
10

What does the credit balance in the accumulated depreciation account represent?

Business
1 answer:
labwork [276]3 years ago
3 0
The credit balance in the accumulated depreciation account represent: <span> the amount of depreciation taken in past years
In accounting, we must reduce the value every year we held an asset in order to show the true amount of the total asset values. This occurence is called a depreciation. If the amount of depreciation is add-up for several years, this account is called accumulated depreciation
</span>
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On January 1, 2016, Miller Corporation had retained earnings of $8,000,000. During 2016, Miller reported net income of $1,500,00
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Answer:

Miller's retained earnings on December 31, 2016 is $9,000,000.

Explanation:

Miller's retained earnings on 31 December 2016 = retained earnings on January 1, 2016 + net income - declared dividends

= $8,000,000 + $1,500,000 - $500,000

= $ 9,000,000

Therefore, Miller's retained earnings on December 31, 2016 is $9,000,000.

4 0
3 years ago
John is responsible for security of his company's new e-commerce server. he wants to ensure that online transactions are secure.
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John is responsible for security of his company's new e-commerce server. he wants to ensure that online transactions are secure. He should use transport layer security.

    A widely used security technology called Transport Layer Security, or TLS, enables privacy and data security for communications over the Internet. Encrypting communication between web applications and servers, such as when web browsers load a website, is one of the main applications of Transport Layer Security.

  The Transport Layer Security protocol achieves its goals primarily through the use of encryption, authentication, and integrity.

Data transfer is protected from third parties by encryption.

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To learn more about Transport Layer Security click here:

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5 0
2 years ago
Like many other marketing strategy specialists, Mike relies heavily on creativity and originality. Members of his team are selec
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<u>Brainstorming.</u>

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The correct answer is

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She failed to properly assess her risk of storm damage.

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