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Morgarella [4.7K]
3 years ago
7

The Josey Company purchased equipment for $21,000 on October 1. It is estimated that annual depreciation on the computer will be

$7,000. If financial statements are to be prepared on December 31, the company should make the following adjusting entry:______________
A) debit Depreciation Expense, $7,000; credit Accumulated Depreciation, $7,000.
B) debit Depreciation Expense, $1,750; credit Accumulated Depreciation, $1,750.
C) debit Depreciation Expense, $14,000; credit Accumulated Depreciation, $14,000.
D) debit Equipment, $1,750; credit Accumulated Depreciation, $1,750.
Business
1 answer:
zimovet [89]3 years ago
4 0

Answer:

b

Explanation:

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The correct answer is option a.

Explanation:

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An increase in any of these components will cause the aggregate demand to increase or decrease.

So when the government spending increases the aggregate demand will increase. This increase in the aggregate demand will cause the aggregate demand curve to shift to the right.

This rightward shift in the aggregate demand curve will cause the price level and equilibrium quantity to increase.

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3 years ago
Under the Securities Act of 1933, if damages were incurred and there was a material misstatement or omission in the financial st
dedylja [7]

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The CPA rebuts the allegations

Explanation:

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