Answer:
d. Debit advertising expense $350, credit accounts payable $350
Explanation:
The advertising expense should be recognized when the economic event occurs, in this case recibing the bill, independently of its payment. This is done with a debit because expenses increase by debits. The credit account is a liability: account payable, which represents an increased on liabilities.
Answer – Quitting your job to find another
Quitting your job to find another might not be an option for increasing your present income. As a matter of fact, doing so lead to a reduction of income if a less-paying job is found after quitting the current one, or worse still total lack of income if no job is found after quitting the present job. In simple terms, if you quit your present job, there is no guarantee that you’ll find a better one. A more feasible option would be to start looking for a better job without quitting your old job. Better still, if the options are available, you may request a promotion at your present job or request a merit increase in pay.
The MyPlate Food Guidance System recommends eating 1/2 of the needed grain ounce equivalents, as whole grains.
Answer: Actually refinance the obligation.
Management indicated that they are going to refinance the obligation.
Have a contractual right to defer settlement of the liability for at least one year after the balance sheet date.
The liability is contractually due more than one year after the balance sheet date.
Explanation:
A current liability is an obligation payable within a year. A short term liability can be excluded from current abilities if management indicates that they are going to refinance it and show that they are capable of doing so.
Also if the company has a contractual right to defer settlement of the liability for at least one year after the balance sheet date, the short term obligation can be excluded. The deferment means that it will be recognized in another period.
When the liability is contractually due more than one year after the balance sheet date, it stops being a current liability and becomes a non-current liability payable after a year.
The future of Americas labor force lies in A, C,D,and E. These are the main factors in keeping any labor source alive.
Hope this helps!
