Answer:
D. Charged on the buying and selling of stock.
Explanation:
Trade is defined as the action of buying and selling goods and services. And a trade commission is payed whenever an action is being traded, whether it is on the sale or on the buying.
The answer to this question is: Group level problem
Group level problems refers to the problem that arised within different individuals in one social group.
The cause of this type of problems could range from leadership, emotional, ambition, Clashes between opinion, difference in job standards, etc.
Answer:
The correct answer is letter "E": Efficiency.
Explanation:
The American Academy of Professional Coders (AAPC) is the organization in the U.S. in charge of certifying administrative workers of the healthcare system such as <em>billers, coders, </em>and <em>practice managers</em>. The certifications the AAPC provides are <em>medical coding, medical auditing, physician practice management</em>, just to mention a few.
Within its code, the AAPC establishes five (5) principles of professional conduct which are <em>integrity, respect, commitment, competence, </em>and <em>fairness</em>. Efficiency is not one of them.
Answer:
Revenues are Credited, Expenses are Debited and the difference of Revenue and Expenses is credited in the Retained Earnings.
Explanation:
The revenue and retained earnings account are credit in nature and expenses are debit in nature.
This can be Explained from the following equation:
Closing Equity = Opening Equity + (Revenue - Expenses)
Closing Equity - Opening Equity = (Revenue - Expenses)
Earnings Retained by the Company = (Revenue - Expenses)
So the difference of the revenues and expenses goes to retained earnings. If the answer of the difference is positive then the retained earnings are credited otherwise it is credited. So as I said that revenues are credit in nature so if their is profit (credit is in access of debit or in other words revenues are in excess of expenses) then the retained earnings will be credited and if their is a loss then the retained earnings account will be debited.
Answer:
Missing word
<em>"Shipping supplies on hand, January 1 of the current year $13</em>
<em>Purchases of shipping supplies during the current year $75</em>
<em>Shipping supplies on hand, counted on December 31 of the current year $20"</em>
<em />
1. Adjusting entry for insurance at December 31 of the current year.
S/n General Journal Debit Credit
a. Insurance expense $870
(6,960/24)*3=$ 600
Prepaid insurance $870
(Insurance expired)
b. Shipping supplies expenses $68
($13+$75-$20)
Shipping supplies $68
(Supplies used)
2. What amount should be reported on the current year's income statement for Insurance Expense?
Insurance expense = $870
Shipping supplies expense = $68
3. What amount should be reported on the current year's balance sheet for Prepaid Insurance?
Prepaid insurance = ($6,960-$870) = $6,090
Shipping supplies as on Dec 31. = $20
