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drek231 [11]
3 years ago
12

A company took delivery of $50,000 of new inventory and agreed to pay cash to the supplier within 30 days. Which of the followin

g items would be increased by this inventory purchase transaction? (choose all that apply)
- Inventory

- Current Liabilities

- Total Stockholders
Business
1 answer:
Delvig [45]3 years ago
6 0

Answer:

- Inventory

- Current Liabilities

Explanation:

The journal to record the given transaction is shown below:

Inventory A/c Dr $50,000

         To Accounts payable $50,000

(Being the purchase of inventory is recorded)

Since the inventory is a purchase which increases the inventory so the respective account is debited and the account payable is credited as its increases in current liabilities

So, no impact on total stockholders

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You could spend four years studying at the world's best university, but you would have to keep your attendance there a secret. O
horrorfan [7]

Answer:

The best future earnings outcome would come from getting the official degree even if you do not attend any classes.

In the labor market, a degree from the world's best university holds great prestige and increases enormously the possibilities of being hired to high-paying jobs. However, you should make sure that you actually take the courses that you are supposed to have learned while "attending".

The other option is worse because while you would easily be able to demonstrate knowledge and competence, few companies would even consider to hire you if you do not hold a degree.

6 0
3 years ago
Which agency enforces truth in advertising laws and defines deceptive and unfair advertising practices?
forsale [732]
The <span>agency which enforces truth in advertising laws and defines deceptive and unfair advertising practices is the FTC, or the Federal Trade Commission </span>
5 0
3 years ago
Which term refers to the ethics you follow at the workplace?
nikitadnepr [17]

Workplace ethics is the ethics we follow t the workplace. Professional ethics which is  closely coined term is the ethics and code of conduct is concerning one's business or related to one's profession.

<u>Explanation:</u>

Ethics is literally defined as the behavior of an individual concerning one's work, personal life and one's dealing with others. These are the set of values and conduct of an individual while performing his or her duty at work or home or anywhere. Its the way one deal with others in his or her personal and professional life.

Workplace ethics of-late has become extremely imperative and sensitive term with the growing complexities and scope of business and commerce. Even government agencies and organisations have started implementing workplace ethics in a big way.  Workplace ethics talks bout one's integrity, uprightness and honesty in transacting business and official dealings at work. Its the behavior of  an employee shows while performing his or her duties. Its not secluded to just employees even employers in the changing business  scenario has to follow and adhere  by certain standards and meet certain guidelines.

Workplace ethics in other words re the set of parameters , regulations and standards which an employee as well as employer has to follow at work place . The core purpose of such ethics is to dd more transparency in the official discharge of duties , standing out as an example for competitors , setting standards for following for laws and being transparent.

5 0
3 years ago
Blossom Company began operations in 2020 and determined its ending inventory at cost and at LCNRV at December 31, 2020, and Dece
Nat2105 [25]

Explanation:

The journal entries are as follows

On December 31, 2020

Cost of goods sold $24,650

      To Allowance for reduction in inventory to NRV $24,650

(Being the cost of goods sold is recorded)

It is computed below:

= $379,880 - $355,230

= $24,650

On December 31, 2021

Allowance for reduction in inventory to NRV $3,640

             To Cost of goods sold $3,640

(Being the allowance for reduction is recorded)

It is computed below:

= $24,650 - ($445,440 - $424,430)

= $24,650 - $21,010

= $3,640

6 0
3 years ago
________ is a collection of change methods that seek to improve organizational effectiveness and employee well-being.A) Organiza
____ [38]

Answer:

The correct option is A

Explanation:

OD ( Organizational Development) is the collection or group of the change methods which try to improve or enhance the effectiveness of the firm or organization and also the well being of the employee. OD methods value the human as well as the organization growth, participative and the collaborative processes and the spirit of inquiry.

6 0
3 years ago
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