1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Lera25 [3.4K]
3 years ago
10

Benson Co. purchased land and paid the full purchase price in cash. The journal entry necessary to record this event includes a:

A. debit to Land and a debit to Cash. B. debit to Cash and a credit to Land. C. credit to Land and a credit to Cash. D. debit to Land and a credit to Cash.
Business
1 answer:
Annette [7]3 years ago
5 0

Answer:

A. debit to Land and a debit to Cash.

Explanation:

Land, an asset, is increased with a debit, and cash, another asset is decreased with a credit.

You might be interested in
In a dealer market, some dealers hold a certain inventory of specific securities and create a liquid market by purchasing and se
UNO [17]

Answer:

Dealers profit comes from the spread primarily. Spread is the differential amount between buying and selling.

Explanation:

Let us assume the price of security X is USD 100 (last trade price)

A dealer will purchase this security at discounted price from the investor say USD 99 and will sell the same security in the market at USD 100, thus earning spread.

Further being market markers, dealers often use multiple strategies to prop up the price of  particular security and earn gains on inventory held.

4 0
3 years ago
C. "Higher level professions require indepth knowledge, good skill, and In
Oxana [17]

Answer:

Motivation and enthusiasm. Your next employer is investing in you, so they need to see that you are enthusiastic about working and motivated in your career.

Explanation:

6 0
3 years ago
Activity rates from Mcelderry Corporation's activity-based costing system are listed below. The company uses the activity rates
Naddik [55]

Answer:

b) 2,388.22

Explanation:

Activity Cost Pool        Activity Rates                Activity   Overhead cost

Processing customer  49.87 per order                   10             498.7

orders

Assembling products   2.88 per assembly hour    580          1670.4

Setting up batches       18.26 per batch                    12          <u>  219.12</u>

Total Overhead cost assigned                                               <u>2,388.22</u>

8 0
3 years ago
The person most qualified to assess the overall risk in a work package activity in a project is the:
WINSTONCH [101]
<span>The person most qualified to assess the overall risk in a work package activity in a project is the team member and / or line manager.
The team member cannot be the only one who will assess such risks - he will need to be accompanied by the line manager, or the manager can do it on his own. PR and sponsors do not deal with such actions - PR deals with public relations, and sponsors with giving money.
</span>
4 0
4 years ago
A special assessment tax is a tax levied against specific properties that will benefit from a public improvement. It is only lev
Scrat [10]

Answer:

It would take the form of a tax on houses in a small neighborhood, to pay for the new street lamps in that area.

Explanation:

Special taxes are taxes that have a specific application since they affect only a certain group of goods and services that, given their characteristics or effects, are chosen by the government or the tax authority to be subject to a particular tax.

Special taxes are indirect taxes that are applied to the consumption of certain goods or services (such as alcohol or hydrocarbons). They are linear in relation to disposable income.

7 0
3 years ago
Other questions:
  • As the CEO of a prosperous young company whose business processes have become so complicated that you can no longer deal with al
    8·1 answer
  • What is the purpose of a trial balance?
    14·1 answer
  • Which of the following are characteristics of public goods? Choose one or more: A. Individuals have an incentive not to pay for
    12·1 answer
  • Research studies indicate that:
    8·1 answer
  • _________ are variables that managers must understand since they can significantly affect the overall competitive position of a
    10·1 answer
  • Which of the following scenarios will shift the investment demand curve right? Instructions: You may select more than one answer
    6·1 answer
  • According to the Techstar’s video describing entrepreneurial journeys, and their efforts to support entrepreneurship, what is th
    13·1 answer
  • True or false: Accumulated Depreciation is a contra-account to a long-lived asset account, such as Equipment. This means that it
    15·1 answer
  • Last summer, Fabia applied for three jobs. The first required a resume, but nothing else. The second required both a resume and
    12·1 answer
  • Bachelor’s degrees are typically earned in _____.
    14·2 answers
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!