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3 years ago

As Prepaid Rent is used, the asset becomes a/an

Business

2 answers:

Lemur [1.5K]3 years ago

4 0

Answer:

The answer is expense

Explanation:

I just took the quiz

snow_lady [41]3 years ago

3 0

As prepaid rent is used, the asset becomes a liability.

Explanation:

The future sacrifice of any economic benefit, which is the result of any obliged legal contract is named as a liability. It is calculated by subtracting the assets from the equity that is,

$\text{Liabilities = Equity - Assets}$

Initially, if the rent has been prepaid for the next 8 months, then till that particular date it is considered as an asset. And at once it gets used up after the specified date, the rent becomes a liability.

Assets are any non-tangible or tangible items owned by an individual or a business entity.

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On January 1, Year 2 Grande Company had a $15,000 balance in the Accounts Receivable account and a zero balance in the Allowance

hjlf

Answer:

$62,500

Explanation:

As we know that cash flow statement records the cash inflow and cash outflow and ignored all other transactions which are not made in cash

Since in the question it is given that $62,500 is cash collected from account receivable and the same is to be shown in the operating activities in a positive sign that indicates an inflow of cash

3 0

3 years ago

alex measured the length of an item to be 3.9 cm. the actual length is 3.5 cm what is alex percent error ?

Alisiya [41]

Answer:

11.42 %

Explanation:

The formula for calculating percentage error

percentage error = observed value - actual value x 100

actual value

Percentage error = 3.9- 3.5 x 100

3.5

Percentage error = 0.4 x 100

3.5

Percentage error =0.1142 x 100

Percentage error = 11.42 %

3 0

3 years ago

Jane, an employee at Paulson, has been promoted recently due to the huge success of two projects she had delivered that generate

Ronch [10]

Answer:

Distributive is the correct answer.

Explanation:

6 0

4 years ago

A raw material subsidiary ledger contains a raw materials card for each item of direct materials only. contains a raw materials

erica [24]

Answer:

contains a raw materials card for each item of direct materials and indirect materials.

Explanation:

The raw materials are the components, parts or pieces whihc are in the factory stocks.

There will be materials used into the final product but some will be used as maintenance, repairs and upgrade therefore, indirect materials.

This makes option C correct.

The raw materials will keep rtack of both, the direct materials and the indirect materials

8 0

4 years ago

Something of legally sufficient value may consist of the performance of an action that one is otherwise not obligated to underta

Sunny_sXe [5.5K]

And something legally sufficient is A promise to do something that one has no prior legal duty to do.
For an agreement to be considered as legally sufficient, consideration must be something of value according to the law. After it fulfills all those the condition than the legal department could make an interference if either party do not keep their initial agreement.

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3 years ago