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
Lelu [443]
2 years ago
14

The credit portion of the adjustment for the depletion of a coal mine was credited to the Coal Mine account. This error would ca

use
A. the period’s net income to be overstated.
B. the period’s net income to be understated.
C. the period end assets to be overstated.
D. None of the above
Business
1 answer:
alex41 [277]2 years ago
7 0

its not b. the periods net income to be understated

You might be interested in
A "Buy American" provision in the 2009 stimulus bill would ________ consumer surplus and ________ producer surplus for industrie
Neko [114]

Answer:

The correct answer is decrease; increase.

Explanation:

The "Buy American" law was passed in 1933 and established that the US federal government. UU. You must prioritize the purchase of products manufactured in the country. Under certain circumstances, however, the "Buy American" law may not apply when:

  • material of American origin has an excessive cost;
  • material of American origin is not available in sufficient quantity or volume;
  • material of American origin is not in the public interest.

The "Buy American" law may also not apply if the president of the United States or a delegated authority said it on the grounds of reciprocal agreements with other countries defined in the Law on Trade Agreements, the North American Free Trade Agreement (NAFTA) and the World Trade Organization.

7 0
2 years ago
At December 31, 2020, Ivanhoe Corporation had a deferred tax liability of $26,800. At December 31, 2021, the deferred tax liabil
Tju [1.3M]

Answer:

$65,300

Explanation:

Ivanhoe's income tax expense = deferred tax liability 2021 - deferred tax liability 2020 + current tax expense 2020 = $42,800 - $26,800 + $49,300 = $65,300

A deferred  tax liability occurs when a corporation's income statement shows a certain amount following US GAAP, but the tax rules used by the IRS determine a different amount.

5 0
3 years ago
In the production of a wooden chair within the circular flow model, what would the resource market include?
lidiya [134]

Answer:

forest/trees

Explanation:

4 0
2 years ago
In the long run equilibrium, a monopolistic competitor will produce to the point at which A) actual average total costs are at t
Artemon [7]

Monopolistic competition is the economic market model with many sellers selling similar, but not identical, products. The demand curve of monopolistic competition is elastic because although the firms are selling differentiated products, many are still close substitutes, so if one firm raises its price too high, many of its customers will switch to products made by other firms. This elasticity of demand makes it similar to pure competition where elasticity is perfect. Demand is not perfectly elastic because a monopolistic competitor has fewer rivals then would be the case for perfect competition, and because the products are differentiated to some degree, so they are not perfect substitutes.

Monopolistic competition has a downward sloping demand curve. Thus, just as for a pure monopoly, its marginal revenue will always be less than the market price, because it can only increase demand by lowering prices, but by doing so, it must lower the prices of all units of its product. Hence, monopolistically competitive firms maximize profits or minimize losses by producing that quantity where marginal revenue equals marginal cost, both over the short run and the long run.

3 0
3 years ago
Exchanged all of the securities for shares of preferred stock, which were not mandatorily redeemable. Market values at the date
ValentinkaMS [17]

Answer:

The full question is as follows <em>"The following accounts were among those reported on Good Corp.'s balance sheet at December 31, year 1: Available-for-sale securities (market value $140,000) $80,000 Preferred stock, $20 par value, 20,000 shares issued and outstanding 400,000 Additional paid-in capital on preferred stock 30,000 Retained earnings 900,000 On January 20, year 2, Good exchanged all of the available-for-sale securities for 5,000 shares of Good's preferred stock. Market values at the date of the exchange were $150,000 for the available-for-sale securities and $30 per share for the preferred stock. The 5,000 shares of preferred stock were retired immediately after the exchange. Prepare the general journal entry, without explanation, to record this event."</em>

Date    General Journal Entry                                  Debit             Credit

            Preferred stock A/c                                   $100,000

             (5000*$20)          

            Add. paid-in capital on preferred stock   $7,500

             (30000 * 1/ 4)          

            Retained earnings                                     $42,500

                  Trading securities A/c                                               $140,000

                  Gain on exchange of securities                                $10,000

8 0
2 years ago
Other questions:
  • Which job is categorized as professional and would most likely earn a salary?
    5·2 answers
  • _____________ is the new-product development phase where hope springs decides that the flavor additive has enough market interes
    10·1 answer
  • How do you change the number of rows and columns displayed for an embedded Excel object on a PowerPoint slide?
    11·1 answer
  • What is the best way to avoid botulism in food handling
    9·1 answer
  • How many kingdoms are in the modern system of classification?<br>02<br>06<br>0 8<br>O 15<br>​
    15·2 answers
  • Please and thank you
    13·2 answers
  • As of January 1 of the current year, Kane owned all the 100 issued shares of Manning Corp., a calendar
    13·1 answer
  • The most efficient distribution of pollution abatement is such that the:
    5·1 answer
  • What is the disadvantages of uber eats in fast food industry
    5·1 answer
  • As a part of the federal budgeting process, an executive agency called the ______ reviews all agency budgets and ensures that th
    10·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!