Answer:
a. Unearned Revenue; b. Accrued Revenue; c. Accrued Expense; d. Prepaid Expense
Explanation:
Prepaid Expenses : Expenses paid before due
Unearned Revenue : Revenue earned before due i.e Advance Income
Accrued Revenue : Revenue earned i.e due , but not received
Accrued Expense : Expense due but not paid i.e Outstanding Expense
a. Cash received for use of land next month = Unearned Revenue or Advance Income
b. Fees earned but not received in cash = Accrued Revenue / Accrued Income
c. Wages owed but not yet paid = Accrued Expense / Outstanding Expense
d. Supplies on Hand = Prepaid Expense
It would be B.
Hope it helps!:)
public sale
In business, a public sale happens when a company decides to issue shares and sell them on a stock exchange.
In this case, since Nancy's business is planning to expand its activities it has two options:
To safest way to raise capital would be to issue stock.
second year depreciation 13,072
190,000 - 10,000 = 180,000 ammount subject to depreciation
then we do:
180,000/75,000 = 0.688 rate per bolt
to get the depreciation for the second year:
19,000 x rate = 19,000 x 180,000/75,000 = $13,072.00
doing it in a single step avoid rounding errors.