1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Fittoniya [83]
3 years ago
13

Which of the following accounts could be found in the PQ partnership's general ledger?I. Due from PII. P, DrawingIII. Loan Payab

le to Q A. I, IIB. I, IIIC. II, IIID. I, II, and III
Business
1 answer:
faltersainse [42]3 years ago
8 0

Answer:

D. I, II, and III

Explanation:

In partnership general ledger, the following accounts need to be considered which is shown below:

1. Capital account

2. Drawing account

3. Loan payable account

4. Interest on capital account

5. Interest on drawing account

In the question, the choices are provided. By going through the choices, option D is correct which includes all three accounts.  

So, options A, B, and C are incorrect.

You might be interested in
Suppose Congress passes legislation that offers subsidies to orange farmers. The impact on the market for orange juice will be a
Dmitrij [34]

Answer:

<u>the supply curve</u>

Explanation:

Remember the supply curve shows the relationship between the amount of a commodity that a producer (or orange farmer) is <em>willing </em>to offer and at a particular price at any given time.

Because of the subsidies to orange farmers we expect the price of orange to become lesser in the future. Therefore the rightward shift occurs in supply curve for oranges due to favorable changes such as the new legislation which may lead to:

  1. Reduction in tax,
  2. Reduction in cost of factor of production,
  3. Expectation of fall in price in future,

3 0
3 years ago
For all facebook pages, the conversion rate would be calculated as the percentage of visitors to the page who click the "like" b
Vika [28.1K]
The answer is FALSE because a conversion happens when a visitor to the page does whatever the marketer hoped he or she would do. The objective of the marketer will repeatedly be to get visitors to like the page in which case the question correctly defines how to calculate the conversion rate. In other cases, the goal might be for visitors to print a coupon and take it to the store, to book a plane booking or to post a comment or photo. In general, Conversion rates are a measure that specified what percentage of potential customers act as the marketer hopes, and by clicking, buying or donating. 
4 0
3 years ago
Temporary investments such as in trading securities are a.recorded at fair market value and reported at fair market value b.reco
g100num [7]

Answer:

The correct answer is b.recorded at cost but reported at fair market value.

Explanation:

Investments represented in shares and in shares or shares of social interest will be recorded at their historical cost. Other investments, such as bonds, bonds, certificates, etc., will be accounted for at their nominal value. However, in case of differences between the latter and the historical cost, with the purpose of not breaking the basic accounting standard of "valuation or measurement", such differences will be controlled through complementary valuation auxiliary accounts of the investment, specifically in the titles in which the difference is presented. For this purpose, the discount items for amortization or premium for amortization will be used.

6 0
3 years ago
The net income reported on the income statement for the current year was $295,000. Depreciation recorded on fixed assets and amo
maksim [4K]

Answer:

The Net cash is 302.000

Explanation:

To get net cash flow using the indirect method we must make adjustments to the net income.

With the balance data,  we get the decrease or increase of the differents accounts.  

End Beginning Cash $ 50,000 $ 60,000  

Decrease in cash  -10000

Accounts receivable 112,000 108,000

Increase in accounts receivable 4000

Inventories 105,000 93,000

inventory increased 12000

Prepaid expenses 4,500 6,500

decreased Prepaid expenses -2000

Accounts payable (merchandise creditors) 75,000 89,000

accounts payable decreased -14000

It depends on the account if it is added or subtracted to net income. Below you will find the added account with a plus (+) and the subtracted ones with a minus (-)

Net income 295.000

Adjustment to reconcile the net income to cash

+ Depreciation expense 40.000

+ amortization of patents 5.000

- Decrease in cash (10.000)

- Increase in accounts receivable (4.000)

- inventory increased (12.000)

+  decreased Prepaid expenses  2.000

- accounts payable decreased (14.000)

 

Net cash 302.000

8 0
3 years ago
Family Farms Inc., a company which deals in dairy products, adheres to a standard of behavior for its employees, and it follows
Misha Larkins [42]

Answer:

The right response is "Business ethics".

Explanation:

  • An ethics framework that always considers the moral standards as well as problems that occur mostly in a corporation but also function as a guide for the behavior of people throughout the organization.
  • Meanwhile, corporation governments facilitate the collection of values and conventions governing as well as controlling the business of the company.
4 0
3 years ago
Other questions:
  • A patient who contributes to causing harm is guilty of what kind of negligence ?
    13·1 answer
  • Which of the following is true of profit maximization?
    10·1 answer
  • Robert Jonas is in charge of a new marketing effort directed toward Peru. In order for his company to effectively market and dis
    10·1 answer
  • Internal controls are crucial to companies that convert from U.S. GAAP to IFRS because of all of the following risks except: Mul
    5·2 answers
  • A company will need ​$60 comma 00060,000 in 88 years for a new addition. To meet this​ goal, the company deposits money in an ac
    12·1 answer
  • Differential Analysis for Further Processing
    8·1 answer
  • A firm has a demand function p=108-5q and the cost function c=-12q+q^2. find the price at which profit is maximum. find the maxi
    7·1 answer
  • g CVP analyses (18 points) MusicWizard, Inc. manufactures and sells trombones with the following price and cost characteristics:
    8·1 answer
  • Assume the following for a company whose sales are all on account: The total asset turnover is 1.8. The average total assets is
    13·1 answer
  • . If the Fed wishes to conduct expansionary monetary policy, it should (select one) a. Increase required reserve ratio b. Decrea
    11·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!