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4 years ago

Which one of the following represents the expanded basic accounting equation?

Business

1 answer:

DaniilM [7]4 years ago

4 0

Answer:

Option B.

Explanation:

Basic accounting equation is

Assets = Liabilities + Equity

where,

Equity = Capital + Retained earnings

Retained earnings = Revenue - Expenses - Dividend

On combining these formula, we get

Assets = Liabilities + Capital + Revenue - Expenses - Dividend

It can be rewritten as

Assets + Dividend + Expenses = Liabilities + Capital + Revenue

Assets + Dividends + Expenses = Liabilities + Common stock + Retained Earnings + Revenues

Therefore, the correct option is B.

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The difference between a merger and an acquisition is that:______________.

malfutka [58]

Answer: A merger involves one company purchasing the assets of another company with cash, whereas an acquisition involves a company acquiring another company by buying all of the shares of its common stock.

3 0

3 years ago

Bricker Enterprises purchased a machine for $100,000 on October 1, 2018. The estimated service life is ten years with a $10,000

lutik1710 [3]

Answer:

$2,250

Explanation:

Given;

Cost of machine = $100,000

Residual value = $10,000

Useful life = 10 years

Annual depreciation = (Cost - Residual value ) ÷ useful life

= ($100,000 - $10,000 ) ÷ 10

= $90,000 ÷ 10

= $9,000 per year

Duration from October 1, 2018 to December 31, 2018 in year = $\frac{3}{12}$ years

= 0.25 year

therefore,

Depreciation expense for the year ended December 31, 2018

= Annual depreciation × Duration

= $9,000 × 0.25

= $2,250

3 0

3 years ago

List your personal interest

Nostrana [21]

Answer:

my interest is to reach conqueror in pubg mobile

3 0

3 years ago

Amanda doesn't know how the CSR initiative should be<br> communicated. What do you advise?

Maru [420]

<u>Explanation:</u>

CSR initiative has to be communicated to the employees. As the cafe has permanent workers and part timers. Communication gap may arise as part timers work only a few hours a week they might not be informed which decreases their opportunity of joining the other team members in CSR activity.

Communication can be through word of mouth which spreads over a time and people show interest. Posters can be done with employees performing their volunteer activities that is a better way of communication. Posters can be pasted in cafe walls so the customers will know.

One of the fastest mode of sharing communication is social media. The CSR activities done so far by the firm can be posted in social media and it reaches a wider group of audience.

5 0

4 years ago

When the physical count of Rosanna Company inventory had a cost of $4,350 at year end and the unadjusted balance in Inventory wa

lys-0071 [83]

Answer:

The correct answer is option (a).

Explanation:

According to the scenario, the given data are as follows:

Ending inventory = $4,350

Unadjusted inventory = $4,500

So, we can calculate the cost of goods sold by using following formula:

Cost of goods sold = Unadjusted inventory - Ending inventory

By putting the value in the formula, we get

Cost of goods sold = $4,500 - $4,350 = $150

As the cost of goods sold is in positive so it will be debited.

So, the adjusting entry are as follows:

Cost of goods sold A/c Dr $150

To Inventory $150

(Being cost of goods sold is recorded)

5 0

3 years ago