Answer:
There is less capacity for alcohol to extend out because it does not penetrate body fat. Intoxication is caused when body fat reacts with alcohol. The rate at which alcohol passes through the bloodstream is accelerated by body fat.
You should inquire.
If the bill is incorrect, this could be a cause of fraud or a simple calculating error. The same could apply for you wanting more information - the supplier should be able to provide you information about it.
Answer:
$223,000; $75,000
Explanation:
(a)
Balance:
= Equipment opening balance - Exchange for common stock - Scrapped equipment - Cost of equipment sale
= $575,000 - $25,000 - $5,000 - $39,000
= $506,000
Cash paid for equipment purchases:
= Equipment Ending Balance - Balance
= $729,000 - $506,000
= $223,000
(b)
Depreciation expense:
= Ending Balance - (Accumulated depreciation opening balance - Depreciation for scrap - Depreciation of equipment sale)
= 120,500 - ($165,000 - 52,500 - 67,000)
= 120,500 - 45,500
= $75,000
The correct answer is D) Both subparts apply, as these individuals are under the legal age of consent and are incarcerated.
Neither Subpart C (Prisoners) nor Subpart D (Children) applies to juveniles in the correctional systems because wardens of juvenile prisoners (unlike those for adult prisoners) act in loco parentis for juvenile offenders. This statement is false because "Both subparts apply, as these individuals are under the legal age of consent and are incarcerated."
If there is any confusion, the term "loco parentis" means that a person or institution takes the legal responsability of parents. But in the correctional systems, people brought there have committed some kind of infraction, aggression, disobey the law or any kind of misbehavior. So wardens of juvenile prisoners do not act or have legal responsability as parents have.
The other options of the question were A) The need for the signatures of both parents outweighs the two subparts. B) Subpart C still applies, as the potential subjects are juveniles. C) Only subpart C applies because of the need for assent forms, as a result of in loco parentis status for juveniles.
Answer:
when costs are recognized as expenses on the income statement.
Explanation:
The expense recognition principle is an accounting principle which is typically used on accrual basis accounts and it states that expenses incurred by an individual or business entity should be recognized and matched in the same period with respect to the revenues they are related to.
The expense recognition principle indicates when costs are recognized as expenses on the income statement.
For instance, company XYZ purchases a property worth $90,000 in June, it was then sold in July for $250,000. Based on the expense recognition principle, the $90,000 cost shouldn't be recognized by company XYZ as an expense until July, when the related revenue would be recognized also. Else, if recognized, its expenses would be overstated by $90,000 in June, and consequently understated to the tune of $250,000 in July.
Additionally, the expense recognition principle helps business owners to calculate their taxes and profits or losses properly.
