Answer:
Office Equipment (Debit) 96,000
Accounts Payable (Credit) 96,000
Explanation:
Buffalo Corporation should have made the above stated entry. As the equipment is supposed to start depreciation from the date of purchase (when the asset is available for use as intended by management). Since the corporation intended to take the discount by paying early within the number of days allowed so upon payment the following entry should be made.
Accounts Payable (Debit) 96,000
Purchase Discount Income (Credit) 9,600
Cash (Credit) 86,400
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All of these is your answer
Answer:
Non-compete
Explanation:
A non-compete agreement is when an emoloyee agrees not to enter into or start a similar profession in competition against her employer.
Majority of agreements stipulated the length of time an employee isn't allowed to enter into or start a similar profession in competition against her employer.
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