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3 years ago

What problems should you be prepared for when entering a parkway

1 answer:

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Problems that may occur when entering a parkway are: cars not yielding or moving over for oncoming traffic, cars not obeying the speed limit and cars not keeping up with the flow of traffic. It is important to make sure you check your surroundings multiple times when entering a parkway because you are coming into traffic that has been moving at a much faster rate and trying it merge in with them.

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According to the basic double entry principle of accounting, we

Vlad1618 [11]

Answer:

D. Any of the above, depending on the transactions

Explanation:

The double entry principle simply means that any accounting transaction has two records: one credit, and one debit, and it depends on the nature of the transaction, and of the accounts involved which specific value is credited and which one is debited.

For example, if a firm purchases 100$ of office supplies with cash, the credited account is cash, because cash is reduced by $100, while the office supplies account is debited by the same value.

If a firm sells 100$ of office supplies instead, the office supplies inventory is credited for this value, while the same amount of cash is debited for this same amount.

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3 years ago

18)<br> Whiskey, gin, and vodka are examples of<br> spirits (3 pts).

Nataly_w [17]

Answer:

Vodka, gin, baijiu, shōchū, soju, tequila, rum, whisky, brandy and singani are examples of distilled drinks. Beer, wine, cider, sake and huangjiu are examples of fermented drinks.

Explanation:

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3 years ago

A Texas household receives a Social Security check for $1500, which it uses to purchase a $40 pair of shoes made in Thailand by

rewona [7]

Answer:

Shoes from the Thai and korean firm is part of imports

Imports=40+1240=1280

Domestic consumption=220

Security check is part of government spending=1500

GDP=1500+220-1280=440

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2 years ago

The account titles for transaction (C) 5/4 should appear in the Account Title column of the journal entry as

maxonik [38]

The account titles for transaction (C) 5/4 should appear in the Account Title column of the journal entry as s<span>upplies Cash

Hope this helps!!</span>

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3 years ago

Andrea has prepared the following list of statements about corporations. Identify each statement as true or false.

Zolol [24]

Answer:

1. A corporation is an entity separate and distinct from its owners. TRUE

2. As a legal entity, a corporation has most of the rights and privileges of a person. TRUE

3. Most of the largest U.S. corporations are privately held corporations. TRUE

4. Corporations may buy, own, and sell property; borrow money; enter into legally binding contracts; and sue and be sued. TRUE

5. The net income of a corporation is not taxed as a separate entity. TRUE

6. Creditors have a legal claim on the personal assets of the owners of a corporation if the corporation does not pay its debts. FALSE

7. The transfer of stock from one owner to another requires the approval of either the corporation or other stockholders. TRUE

8. The board of directors of a corporation legally owns the corporation. FALSE

9. The chief accounting officer of a corporation is the controller. FALSE

10. Corporations are subject to fewer state and federal regulations than partnerships or proprietorships. TRUE

Explanation:

A corporation is a business that is a separate, legal entity that is run by board of directors chosen by the shareholders. A corporation operates or exists as an entity separate and distinct from it's owner or owners. This means that as separate or legal entity, a corporation has the rights and privileges of an individual except the right to vote and be voted for.

The stakeholders or shareholders of the corporation usually select officers to serve is board of directors and every year this board of directors nominate officers for the positions of a president, secretary and treasurer to handle the running's and activities of the corporation. If the board of directors also wishes or decides they can nominate a vice president too.

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3 years ago