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
Mnenie [13.5K]
3 years ago
8

Look at the following financial ledger which items listed on the ledger represent credits

Business
1 answer:
Bogdan [553]3 years ago
3 0

Answer:

The answer is B. Gift and online auction I hope this helps

Explanation:

You might be interested in
Trade restrictions tend to preserve ________ in the protected industries and lead to ________ in other industries.
wolverine [178]
Trade restrictions tend to preserve relatively few jobs in the protected industries and lead to job losses in other industries. Trade restrictions can vary from quotas, embargoes, standards, subsidies, tariffs and more that make it hard to trade (important/export) goods between two companies and also set prices for these. Depending on what is allowed and what is not different industries can benefit from the trade restrictions and some can be harmed by them. 
8 0
3 years ago
Wages are an example of<br> that are involved in running a business.
lisov135 [29]

Answer:

brainliest pls

Explanation:

Wages are part of the expenses that are involved in running a business, and add value to the employee in honor of his principal protected note or net investment.

6 0
3 years ago
On June 13, the board of directors of Siewert Inc. declared a 2-for-1 stock split on its 60 million, $1 par, common shares, to b
uranmaximum [27]

Answer and Explanation:

The journal entry is given below:

Stock dividends Dr $60.00  

         To Common stock  $60.00

(Being the issue of stock dividend is recorded)

Here the stock dividend is debited as it reduced the stockholder equity and credited the common stock as it increased the stockholder equity

Also the par per share after the split is $1

8 0
3 years ago
Interest is eligible to be capitalized as part of an asset's cost, rather than being expensed immediately, when:
Lelu [443]

Answer:

The Asset is a Qualifying Asset.

Explanation:

Qualifying Assets take substantial period of <em>time</em> to get ready for its intended use and purpose and that will require capitalizing interest costs or borrowing cost to the asset.

4 0
3 years ago
For the year ended December 31, a company had revenues of $187,000 and expenses of $109,000. $37,000 in dividends were paid duri
Dovator [93]

Answer:

D) Debit income summary 187000, credit revenues 187000

Explanation:

When dividend is declared, following journal entry is passed

Retained Earnings                                    Dr.

    To Dividend Payable

(Being declared dividend recorded)

When dividends are actually paid, the journal entry is

Dividend Payable A/C                              Dr.

     To Cash A/C

(Being dividend paid recorded)

Income summary account is prepared as a temporary account while income statement represents permanent account.

Income summary shows net income balance i.e Revenue less expenses.

As per the given information in the question, debiting income summary account with total revenues of $187000 would be wrong.

3 0
3 years ago
Other questions:
  • Using the capital asset pricing model (CAPM), Sun State determined that the required rate of return for a capital budgeting proj
    14·1 answer
  • The cost of goods sold for mcpherson fashions is $360,000. the beginning inventory for the firm was $20,000. twelve months later
    11·1 answer
  • During a recession, the market demand curve, which is a function of marketing expenditure, ________. A. becomes vertical B. shif
    5·1 answer
  • Selected financial data for Spark Enterprises follows for a production level of 120,000 units: (4 points) Total fixed costs $300
    5·1 answer
  • The Washington Company purchased a new machine for $200,000. In addition to the invoice cost of the unit they had to pay $5,000
    6·1 answer
  • The Crazy Nut Company wishes to market two special nut mixes during the holiday season. The Fancy Mix contains 0.5 pound of pean
    10·1 answer
  • An upcoming convention has secured 300 rooms at $140 per room for Friday night. The rack rate for Friday night is $250 per room
    7·1 answer
  • Help <br> Need for a test
    6·1 answer
  • Ali had previously calculated the Economic Order Quantity required to efficiently control costs at his company. His calculations
    7·1 answer
  • cost accounting systems are used to: a. accumulate production and period costs and assign them to products or services. b. accum
    9·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!