Answer:
$223,000; $75,000
Explanation:
(a)
Balance:
= Equipment opening balance - Exchange for common stock - Scrapped equipment - Cost of equipment sale
= $575,000 - $25,000 - $5,000 - $39,000
= $506,000
Cash paid for equipment purchases:
= Equipment Ending Balance - Balance
= $729,000 - $506,000
= $223,000
(b)
Depreciation expense:
= Ending Balance - (Accumulated depreciation opening balance - Depreciation for scrap - Depreciation of equipment sale)
= 120,500 - ($165,000 - 52,500 - 67,000)
= 120,500 - 45,500
= $75,000
Answer:
The correct answer is : minimum; risen.
Explanation:
The poverty rate can be defined as the rate of population in a certain age gap who fail to earn a given minimum absolute income.
The census bureau updates the poverty threshold annually. People below this threshold level are considered poor.
According to the data from US census bureau the poverty rate in 2000 was 11.3%. In 2010, it was 15.1%. Though it fell to 13.5% in 2015 it is still higher than that in 2000.
So, we can conclude that poverty rate has increased largely since the year 2000.
Answer:
A. Going concern
B. Accrual Basis accounting
C. Operating Cycle
D. Cash Basis Accounting
E. Gains
F. Prepaid Expense
G. Revenue recognition principle
H. Expenses
I. Cash basis Accounting
J. Revenue - Expenses = Net Income
K. Expense
L. Ending Retained Earning = Beginning Retained Earning + Net Income - Dividends Declared
M. Unearned Revenue
Explanation:
The definitions for each letter are matched with the accounting terms. The unearned revenue account is used to record the revenue received but services yet to be delivered. This is a liability account in which the company reports any unearned revenue.
Answer:
An exception based on public policy.
Explanation:
Employment at will according to the United States is a doctrine that permits the employer and employee to work together in an indefinite period of time, whereas they are able to terminate their contract with any necessary fair clause.
In many counties around the world, employers always look for reasons to terminate or stop their employees from working, whereas an exception based on public policy negate this doctrine.
Answer:
driving on the right side of the road not swerving or driving on the side of the road
Explanation:
if you drive under the influence you will probably be all over the road and if you are sober you will be driving driving the speed limit and driving how you are supposed to
