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
ZanzabumX [31]
3 years ago
14

Which of the following is an expense of this period? Multiple Choice Costs of items paid for in this period but used up next per

iod Repayment of debt from a loan in a prior period Cost of land purchased and paid for this period Costs of items used up this period but paid for next period
Business
1 answer:
OleMash [197]3 years ago
7 0

Answer: Costs of items used up this period but paid for next period

Explanation:

Period Expenses for the period are transactions that should be expensed because they were used in the current period.

Therefore if a period cost is not used in the period, it is not considered a period cost even if the company pays for it in the current period which also means that if a period cost for the period is not paid in the current period but in the next one, it is still a period cost for the current period.

From the above therefore, the period cost is the cost of items used up in this period but paid for in the next one.

The land purchased might look like the obvious choice but it is not because Assets are capitalised and not expensed.

You might be interested in
Giả sử anh/chị đang chuẩn bị thành lập một doanh nghiệp kinh doanh về một/hoặc một số sản phẩm trong một lĩnh vực. Hãy xây dựng
Fofino [41]

Pls type in english... Question not understandable

3 0
3 years ago
A drought decreases the supply of agricultural products, which means that at any given price a lower quantity will be supplied;
GarryVolchara [31]
...... conversely, especially good weather would shift the SUPPLY CURVE TO THE RIGHT. Supply curve shifting to the right means that productivity is increased. An increase in agricultural productivity will leads to increase in supply of agricultural products which in turn will results in decrease in price for the products. 
3 0
3 years ago
A manager utilizing managment by obejective to motive her emplyees would focus on?
omeli [17]

A manager utilizing management by objective to motive her employees would focus on  firstly to determine or revised company's objectives or goals. She should set goals which is accepted by employees. Healthy competitions can also motivate employees to achieve objectives in the specific time limit.

She can give awards to employees who achieve goals to motivate employees. Management by objective is a strategic management approach which involves planning, defining, revising, setting, evaluating and tracking of company's objective through motivating employees by setting their individuals's goals to achieve larger goals.

Read more about Management by objective on brainly:-

brainly.com/question/28144882

#SPJ4

6 0
2 years ago
Read 2 more answers
Deborah Company's account balances at December 31 for Accounts Receivable and Allowance for Doubtful Accounts were $2,100,000 an
mart [117]

Answer:

The amount of the adjusting entry for bad debts at December 31 is C. $91,000

Explanation:

Adjustment entry is made on changes on the amount of provision for doubtful debts.

Increase in amount of  provision for doubtful debts increases the expenses in income statement.

Decreases in amount of  provision for doubtful debts decreases the expenses in income statement.

Allowance for Doubtful Accounts Balance  $35,000 (cr)

Allowance during th year                             $126,000

Increase in Allowance                                   $ 91,000

$ 91, 000 increase in allowance for doubtful debts increases the expenses in Income Statement

5 0
3 years ago
B Corporation, an accrual basis taxpayer, is owned 75 percent by Bonnie, a cash basis taxpayer. On December 31, 20X1, the corpor
Luda [366]

Answer:

c. $15,000

Explanation:

The explanation for this question is given in the attachment below.

3 0
3 years ago
Other questions:
  • Although Joanna expects much from her employees, the people that work for Joanna identify with her values, like her, and respect
    6·1 answer
  • Which of the following is not a factor of production?
    12·1 answer
  • Bonita uses the periodic inventory system. For the current month, the beginning inventory consisted of 7300 units that cost $12.
    14·1 answer
  • Zoe Corporation has the following information for the month of March: Cost of direct materials used in production$17,811 Direct
    8·1 answer
  • Consider the following three stocks. (a) Stock A is expected to provide a dividend of $10 a share forever. (b) Stock B is expect
    8·1 answer
  • Is a production process that generates customized products in high volumes?
    14·1 answer
  • Tuity fruity beverage​ company's operating activities for the year are listed below. purchases ​$140 comma 500 operating expense
    11·1 answer
  • 6 years ago paid 490,000 using 40 year straight line depreciation, what is the value
    11·1 answer
  • Drivers must stop at red lights so that they do not get in car accidents. This is an example of
    10·2 answers
  • Garrett sold his primary residence for $595,000, which was a capital gain of $315,000. how much may garrett exclude on his incom
    11·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!