Answer:
The correct answer is B.
Explanation:
The FASAB (Federal Accounting Standard Advisory Board) is a commitee that develops accounting standards for U.S government agencies, not for not profit entities, for all governmental entities or non-federal governmental entities.
<span>Sociological imagination. which is applying imaginative thought to creating and answering sociological questions. The term was coined by the American sociologist C. Wright Mills in 1959. It can be used in daily life. Simply looking at any event, issue, or activity using a different perspective is sociological imagination</span>
Answer:
Corrected Entry
Depreciation Expense$5,500 Dr
Income Summary $5,500 Dr
Accumulated Depreciation – Equipment $11,000 Cr
Explanation:
Entry Posted
Accumulated Depreciation – Equipment $5,500 Dr
Income Summary $5,500 Cr
Required Entry
Depreciation Expense$5,500 Dr
Accumulated Depreciation – Equipment $5,500 Cr
Corrected Entry
Depreciation Expense$5,500 Dr
Income Summary $5,500 Dr
Accumulated Depreciation – Equipment $11,000 Cr
This entry is made to correct the actual entry done. In this entry the depreciation expense is debited and accumulated Depreciation is credited with twice the original value to counter effect the wrong entry . Also income summary is debited with the amount wrongly credited.
One of he reasons is Excessive Medical Expenses.
If you’ve been involved in any type of serious accident or have mounting medical bills due to illness, you may be at risk for financial problems that lead to bankruptcy. Excessive medical expenses are the number one cause of bankruptcy and account for nearly two-thirds of all personal bankruptcies, statistics show.
Even though the majority of people filing for bankruptcy due to medical bills have health insurance, their out-of-pocket expenses still end up being too high.
