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
Kisachek [45]
3 years ago
13

Home Accessories’ bank statement showed a $120 NSF check. Which of the following shows how recognizing this check will affect Ho

me Accessories’ financial statements? Balance sheetIncome StatementStatement ofCash Flows Assets= Cash+Acc.Rec=Liab.+EquityRev.−Exp.=Net Inc.A.(120)+120=NA+NANA-NA=NA(120) OAB.(120)+NA=NA+(120)NA-120=(120)(120) OAC.NA+120=NA+120120-NA=120NAD.(120)+120=NA+NANA-NA=NA(120) IA
Business
1 answer:
Shtirlitz [24]3 years ago
7 0

Answer:

Option A is the correct option.

Explanation:

As the options are not readable correctly, the options are listed as below

Balance sheet    Income Statement    Statement of   Cash Flows

Assets =Cash + Acc.Rec = Liab. + Equity Rev. − Exp. = Net Inc.

A. (120) + 120 = NA + NA NA - NA = NA (120) OA

B. (120) + NA = NA + (120) NA - 120 = (120) (120) OA

C. NA + 120 = NA + 120 120 - NA = 120 NA

D. (120) + 120 = NA + NA NA - NA = NA (120) IA

Option A is correct option as the cash is debited and the account received is credited. There is no liability, Equity Rev and Expense so the net income is 120.

In this context the option A is the only correct option.

You might be interested in
Marlow Company purchased a point of sale system on January 1 for $5,800. This system has a useful life of 5 years and a salvage
xz_007 [3.2K]

Answer: $1392

Explanation:

The depreciation rate under straight line is =1/5=0.2

The depreciation rate under double declining is = 0.2 × 2 = 0.4

Depreciation expense for the first year = 0.4 × $5800 = $2320.

At the beginning of year two, net book value = $5800 - $2320 = $3480

Depreciation expense for year two = 0.4 × $3480 = $1392

7 0
3 years ago
Which payment method typically charges the highest interest rates
Wittaler [7]
<span><span>What payment method typically charges the highest interest rates?

pay day loans</span></span>
6 0
3 years ago
The longdashrun supply curve in a perfectly competitive market states that​ _____. A. the longdashrun quantity remains the same
Leokris [45]

Answer: Option C

           

Explanation: Perfect competition refers to a market structure under which there are large number of buyers and sellers each operating at a small level.

In such a market structure the supply curve is a horizontal line that depicts that whatever the quantity is the price will remain the same, that is,  at the equilibrium level.

This happens due to the fact that there are large of number of participants present and no individual have the power to affect the price.

Thus, the correct option is C.

5 0
3 years ago
Which of the following distribution systems offers speed and reliability when emergency supplies are needed overseas?A. railroad
erik [133]
<h3>Hello there!</h3>

Your question asks which is a fast and reliable source for emergency supplies that are needed overseas.

<h3>Answer: B). Airfreight</h3>

The reason why answer choice "B). Airfreight" is the correct answer because this is the distribution system that is the quickest to get things overseas.

When you think about going overseas, what do you use? A plane. When you think about going somewhere international, what do you use? A plane. That is the same concept when you're sending things overseas, you would use some sort of air craft to get it overseas.

An airfreight is a really big air craft that can transport tons and tons of supplies, items, etc. An airfreight can go over the ocean and to its destination very quickly. The plane can go hundreds and hundreds of miles per hour for a long period of time. This is why people would use an air freight to deliver emergency supplies overseas.

<h3>Why the other answer choices are incorrect:</h3>

Answer choice "A). railroads" is incorrect because railroads can't go overseas. Have you seen railroads built over the ocean? Absolutely not. Therefore, trains can't go over the ocean because there's no railroads built over the ocean. This is why this answer choice is incorrect.

Answer choice "C). trucking" is incorrect because there is no road over the ocean, therefore the travel path would be cut off for the trucks. In order for the trucks to go overseas, they would need to be transported on a boat, in which would take a long time. This is why this answer choice is incorrect.

Answer choice "D). pipelines" is incorrect because pipelines don't extend to places that are overseas, and pipelines would not be a safe thing to use to get emergency equipment distributed. This is why this answer choice is incorrect.

Answer choice "E). waterways" is incorrect because water ways are just water, large bodies of water to be exact. There is no transportation system in waterways, therefore making this answer choice incorrect.

<h3>I hope this helps!</h3><h3>Best regards, MasterInvestor</h3>
3 0
3 years ago
Which of the following considerations is not involved in developing a corporate​ strategy?
8_murik_8 [283]
Developing a staffing plan for the upcoming production period is the <span>considerations is not involved in developing a corporate​ strategy. 

Thank you for posting your question here at brainly. I hope the answer will help you. Feel free to ask more questions.
</span>
4 0
4 years ago
Other questions:
  • Dale works with a publishing company. Everytime he writes a good article he gets lots of fab mail expressing support to him. In
    9·2 answers
  • Walton Company has provided the following 2018 data:
    9·1 answer
  • Wallace and Simpson formed a partnership with Wallace contributing $60,000 and Simpson contributing $40,000. Their partnership a
    5·1 answer
  • What are the <br> payment types require you to pay upfront?
    10·1 answer
  • Which of the following will not help a firm speed up the timing of when it can obtain the use of funds from checks written to it
    5·1 answer
  • While different natural resources and the theory of comparative advantage can explain many trade patterns, they cannot explain a
    15·1 answer
  • To pay for her college education, Gina is saving $2,000 at the beginning of each year for the next eight years in a bank account
    14·1 answer
  • The four major expenditure categories of GDP are: Group of answer choices consumption, government purchases, taxes, and investme
    13·1 answer
  • Layton Corp. has a $2,000 par value bond outstanding with a coupon rate of 4.6 percent paid semiannually and 13 years to maturit
    10·1 answer
  • During March, XYZ Inc. transferred $50,000 from Work in Process to Finished Goods and recorded a Cost of Goods Sold of $56,000.
    10·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!