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Harrizon [31]
3 years ago
11

Adjustments for unearned revenues: Select one: a. decrease liabilities and increase revenues. b. increase liabilities and increa

se revenues. c. increase assets and increase revenues. d. decrease revenues and decrease assets.
Business
1 answer:
Mnenie [13.5K]3 years ago
8 0

Answer:

(D) decrease revenues and decrease assets

Explanation:

Since the revenue is unearned, its entry in the books needs to be reversed.

When a revenue was recorded in the books, the like journal entry would have been.

Debit Cash/Bank/Receivables Account (thus increasing asset)

Credit Revenue Account (thus increasing revenue)

There, reversing the entry will involve decreasing revenue and decreasing asset.

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When Starbucks sells "Starbucks" T-shirts in its coffee shops or when the Chicago Cubs peddle cubs branded merchandise at Wrigle
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Answer:

Because they have produced beyond their normal sale products such as coffee for Starbucks in other words they have found a other way to make more money.

Explanation:

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3 years ago
After a recent divorce and many years as a stay-at-home mom, Cheryl is entering the workforce. As a single parent with three chi
Vinil7 [7]

Answer:

The correct answer is extrinsic rewards.

Explanation:

The extrinsic rewards are those external to the position, and include promotions, equipment and better facilities for work, opportunity for the social contract with employees, financial rewards such as remuneration and additional benefits (benefits) and receiving recognition from a superior.

Extrinsic rewards are, for example, those distributed by a manager.

8 0
3 years ago
To recruit new executive and professional, company should mainly depend on_____ *
Naya [18.7K]

Answer:

Body physic, skills, and mental capacity.

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4 years ago
The benefits of effective listening are:
den301095 [7]
One benefit is that you are helping the other person talk through there problems

strengthen your relationship with that person

Making the other person feel appreciated

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5 0
3 years ago
An investor has an opportunity to purchase an investment that will provide $11,000 at the end of three years, and $50,000 at the
taurus [48]

Answer:

Option (d) $86,864

Explanation:

Present value = Cash flow × Discounting factor

Here,

Discounting factor = ( 1 + r )⁻ⁿ

n = the year of cash flow

r = discount rate = 12%

Year (n)       Cash flow        Discount factor     Present Value

3                  $11,000              0.71178               $7,830  

5                  $50,000              0.567427            $28,371  

6                  $1,00,000           0.506631            $50,663

Therefore,

The amount he or she should pay for the investment today

= ∑(Present value)

= $7,830 + $28,371 + $50,663

= $86,864

Hence,

Option (d) $86,864

8 0
4 years ago
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