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Alexxandr [17]
3 years ago
13

Classify the following items as (1) prepaid expense, (2) unearned revenue, (3) accrued revenue, or (4) accrued expense: a. Cash

received for use of land next month b. Fees earned but not received in cash c. Wages owed but not yet paid d. Supplies on hand
Business
1 answer:
slava [35]3 years ago
3 0

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

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Explanation:

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4 0
3 years ago
Two things that help you begin decomposing work are _____ and _____. Select an answer: reporting period; deliverables the scope
Rashid [163]

Answer:

the scope statement; deliverables

Explanation:

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"The scope statement" allows one to know what should be included in the decomposition. It also tells <em>when you are going to stop breaking down </em>and what tasks are to be included. Once you know this, it<em> becomes easier to decompose a projec</em>t with<u> one deliverable at a time.</u> The scope will also be further clarified.

So, this explains the answer.

8 0
3 years ago
Which of the following is a disadvantage of the corporation form of ownership?
Hoochie [10]

Answer:

Option C, Double taxation on profits and individuals

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5 0
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According to Gerzema Where are some of the changes that consumers or making when it comes to spending money or buying an item wh
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Answer: The answer is given below

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He also said individuals now go after the “liquid life”, where he said that individuals define success on liquidity and not on having things. He also said individuals look at organization's values and that they're always looking for ways to have value for things they buy. The cause of these are the fact that consumers are being empowered and also wants to improve their economy.

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