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umka21 [38]
3 years ago
11

On july 25, henry company's accountant prepared a check for august's rent payment. henry company mails the checkon july 27 to th

e landlord. the landlord receives the check on july 31 and cashes the check on august 2. when should henry company record the rent expense associated with this transac±on?
Business
1 answer:
erastovalidia [21]3 years ago
4 0
<span>Henry Company should record the rent expense on August 2. Although the check was prepared on July 25 and mailed on July 27, it should not be recorded until the check is actually cashed.</span>
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Answer:

Since Effie Corporation forfeited their stock subscription, then they will lose their stocks and the money they invested in Narda Corporation.

In this case, Narda was being completely acquired by Effie Corporation and the whole operation went down, then the initial payment must be recorded as additional paid in capital. It should not be included as part of operating income since it wasn't a normal business activity.

8 0
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Suppose sweden produces only tablets and smartphones. The resources that are used in the production of these two goods are not s
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The PPF for Sweden is downward sloping straight line which depicts that the resources that are used in the production of these two goods are not specialized and the same set of resources is equally useful in producing both smartphones and tablets. Thus, Sweden's opportunity cost of producing more smartphones and fewer tablets should remain constant.

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Answer:

1)

cost of making (14000*22) = 308000

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2)

No, Since, there is not other use of fixed cost, therefore, fixed cost will be a part of cost of buying.

3-a)

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3-b)

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8 0
3 years ago
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Answer:

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Prog B will give annual CF of 95%*$6000 = $5700

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A

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(if its not a, then its d)

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3 years ago
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