I think it is D. Gross profit margin because that is you profit before all of added taxes and every thing else.
Answer:
False
Explanation:
As the contract was formed when the offeree has deposited acceptance letter in the mailbox, hence the offeror is bond to sell the house.
Increases in health care costs on the health of individuals in society.
Answer:
A :$210,000
Explanation:
The accounting equation gives the relationship between the various elements of the balance sheet. These are the assets, liabilities and Stockholders' equity
Assets = Stockholders' equity + Liabilities
Retained earnings is the portion of the company's earnings that is added to the common stock to get the Stockholders' equity.
Retained earnings added = $375,000 - $200,000 - $35,000
= $140,000
Stockholders' equity at the end of the year = $250,000 - $180,000 + $140,000
= $210,000
Answer:
DR. CR.
Rent Expense $3,000
Prepaid Rent $3,000
Explanation:
Rent paid in advance = $6,000
Rent paid for the period of 8 months. On December 31, 4 months has been passed. So the rent of only 4 month will be accrued.
Accrued Rent = $6,000 x ( 4 / 8)
Accrued Rent = $3,000
Expense accrued and transferred from the prepaid rent account to rent expense account.
