Double entry system means?

1. Which design style resembles a half-moon?

masya89 [10]

The correct answer for the question that is being presented above is this one:
(1) B. Crescent
(2) C. Clustering
(3) C. are difficult to carry.
(4) B. terracing
(5) B. Ikebana
(6) A. allow designers the opportunity to work with better flowers.
(7) D. Sequencing
(8) B. grouping.
(9) D. terracing.
(10) C. rocky creek bed.

7 0

3 years ago

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Scott Bennett is preparing his balance sheet and income and expense statement for the year ending June 30, 2016. He is having di

dybincka [34]

Answer:

a. Expense

b. Expense and Liability

c. Assets and Liability

d. Expense and Liability

e. Expense and Asset

f. Assets

Explanation:

Assets are resources held or controlled by the entity as a results of a past event, for which future economic benefits are expected to flow to the entity, liabilities are present obligations of an entity as a result of a past event for which future economic benefits would flow out of the entity. Income and expense are elements of the income statements while the assets and liabilities are elements of balance sheet along with equities. Considering the lines

a. Scott rents a house for $1,350 a month - This is an expense except for when paid for in advance then it becomes an asset.

b. On June 21, 2016, Scott bought diamond earrings for his wife and charged them using his MasterCard. The earrings cost $900, but he hasn’t yet received the bill. - This represents both expense and a liability as he is yet to receive the bill.

c. Scott borrowed $3,500 from his parents last fall, but so far, he has made no payments to them. - This is an asset (cash) and a liability since he is yet to pay.

d. Scott makes monthly payments of $225 on an installment loan; about half of it is interest, and the balance is repayment of principal. He has 20 payments left, totaling $4,500 - The interest element is an expense while the amount left is a liability

e. Scott paid $3,800 in taxes during the year and is due a tax refund of $650, which he hasn’t yet received. - The amount paid in taxes is an expense while the amount to be received back is an asset

f. Scott invested $2,300 in some common stock - This is an assets

5 0

3 years ago

How do you plan to become a responsible consumer?

Ksivusya [100]

Answer:

Do not be a Karen :) No no I'm just kidding- a way to be is respect, make sure ur patent, if you talking about the other meaning to it which is eating something the answer for that is to not be picky uhhh yeah I hope this helped

also I know I'm weird forgive me-

7 0

3 years ago

Which of these terms means "limited resource"?

Tpy6a [65]

The correct answer among the choices listed is the second option. Scarcity is the term that would mean "limited resource". It is the state of having shortage or small amount of supply with a high value of demand. Hope this helps.

3 0

4 years ago

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On October 1, 2018, Renfro Company purchased to hold to maturity, 4,000, $1,000, 9% bonds for $3,960,000 which includes $60,000

Nataliya [291]

Answer:

Carrying Value=$3,903,000

Explanation:

First we will calculate the face value:

Face value=4000*$1000

Face value=$4,000,000

Purchase Price= Bond Purchased price- Accrued Interest

Purchase Price=$3,960,000-$60,000

Purchase Price=$3,900,000

Total months=100 months

Straight line Discount amortization= (Face Value-Purchase Price)/Total Months

Straight line Discount amortization=($4,000,000-$3,900,000)/100

Straight line Discount amortization=$1,000

Discount Amortization=Straight line Discount amortization*Discount months

Discount Amortization=$1,000*3

Discount Amortization=$3,000.

Carrying Value=Purchase Price+Discount Amortization

Carrying Value=$3,900,000+$3,000

Carrying Value=$3,903,000

7 0

4 years ago