Answer:
January 1, 2016:
Dr Accumulated Depreciation account 12,000
Cr Cash account 12,000
Explanation:
The accumulated depreciation account is a contra asset account used to record all the incurred depreciation expense since the asset (or assets) was being used or put into service.
Since the repairs extended the life cycle of the asset, then its accumulated depreciation decreases.
In a case whereby a firm goes bankrupt, shareholders cannot recover their risk capital.
This is because they have loose alot in the investment.
<h3>What is Bankruptcy?</h3>
Bankruptcy can be explained as legal process in which an organization that cannot repay debts to creditors may seek relief debts.
Learn more about Bankruptcy at;
brainly.com/question/21283135
Answer:
<em>B. Yes, although it may be breached in most states if there is a court order to do so.</em>
Explanation:
<em>Duty of confidentiality is a provision that has been put in place in most states, to enable clients open up freely if they need help. This allows professionals to take whatever actions necessary to carry out full service delivery when helping the client. </em>Some of these details include health status, a client-lawyer case story, a social media's access to users' personal details, etc. The law prohibits professionals from disclosing information made available to them by the client to a third party. This duty is held by many professional bodies like the medical body, legal body, among others. <em>This duty can be broken by law in situations where the client sues the professional, or when there is a legal court order to do so</em>.
Answer:
750
Explanation:
The number of units in finishing department at the end of the month shall be calculated as follows:
Number of units transferred=Starting wip inventory+units received from molding department-number of units at the end of month.
Number of units at the end of month=Starting wip inventory-number of units transferred+units received from molding department
Number of units at the end of month=700-2,150+2,200
=750
