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4 years ago

In double-entry accounting, what is the difference between debits and credits

1 answer:

4 0

Debits and credits occur simultaneously in every financial transaction in double-entry bookkeeping. In the accounting equation—Assets = Liabilities + Equity—if an asset account increases (a debit), then either another asset account must decrease (a credit), or a liability or equity account must increase (a credit).

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First Link Services granted 4.4 million of its $1 par common shares to executives, subject to forfeiture if employment is termin

EastWind [94]

Answer and Explanation:

First Link Services granted

1. Total compensation

$4.4 million × $5

=$ 22 million

Dr Compensation Expenses 11 million

Cr Paid in capital restricted stock 11 million

Dr Paid in capital restricted stock 22 million

Cr Common stock 4.4 millon

Cr Paid in capital excess of 17.6 million

5 0

3 years ago

Real estate is an attractive investment because it

Nookie1986 [14]

The answer would be D. provides the security of a place to live in retirement.

We can rule our option A , because even though its true, it's not the reasons that attract investor

We could rule out option b because real estate need a couple of years before it turned into profit

We can rule out option c because real estate need a large amount of equity

7 0

3 years ago

Read 2 more answers

Question 4

sp2606 [1]

The main risk posed by pests when it comes to food is that of d. Biological contamination

Pests are very bad for food because:

They can infect it with faces
They can infect the food with dangerous pathogens

Fetal contamination and bacterial (pathogenic) infections are examples of biological contamination.

We can therefore conclude that pests are more likely than not, to pose a risk of biological contamination.

Find out more at brainly.com/question/2600140.

7 0

3 years ago

Yehle Inc. regularly uses material Y51B and currently has in stock 457 liters of the material for which it paid $2,619 several w

Sedaia [141]

Answer:

Option A is the correct answer,$5810

Explanation:

The relevant of the Y51B is the cost of replacement,which is the open market price as it is actively being used by Yehle Inc.

Besides, if the quantity currently in inventory is used it has to be replaced at open market price.

Disposal value would have been used if the material in question is not being used

The relevant of 700 liters is given below:

$5.81*1000=$5,810

1000 liters has to be bought not 700 liters as the least quantity available for sale is 1000 liters.

Above,it would be wrong to choose option D as 700 liters is not available

5 0

3 years ago

Mason bought a rotisserie in preparation for a party he was planning. When he put a chicken on the rotisserie, it would not rota

Olegator [25]

Answer:

Yes Mason has recourse

Explanation:

In this scenario Mason bought a rotisserie that did not work as expected. That is it did not rotate as it should thereby causing burning of the chicken.

Even is the seller of the rotisserie did not give a warranty to cover the product, there is an implied warranty that covers the use of goods.

Implied warranty is the minimum requirement expected from the use of a product. For example a.television is expected to come on when in use..

So Mason has a recourse because he is covered by implied warranty.

6 0

4 years ago