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
Andrej [43]
3 years ago
15

Identify the statement below that is incorrect. The normal balance of accounts receivable is a debit. The normal balance of divi

dends is a debit. The normal balance of deferred revenues is a credit. The normal balance of an expense account is a credit. The normal balance of the owner's equity account is a credit.
Business
1 answer:
fredd [130]3 years ago
6 0

Answer:

The normal balance of an expense account is a credit

Explanation:

As we know that

The debit sections records assets and expenses side

whereas, the credit sections records revenue, stockholder equity, and the liability side.        

In the given case, the normal balance of account receivable is a debit balance as it is a current asset plus the dividend has also the debit balance

The deferred revenues has credit normal balance plus the normal balance owner equity account has a credit balance

But the normal balance of the expense account has debit balance instead of credit balance

You might be interested in
Assume you are now 25 and you want to have a million dollars by the time you are 65. if you can earn 6% per year, compounded ann
Trava [24]
You would have to invest 97,222
97222*6=5833.32 + 97222= 103055.32 Year one
103055.32*.06= 6183.32 = 109238.64 Year two
109238.64*.06= 6554.32= 115792.96 Year three
115792.96*.06= 6947.58 = 122740.54 Year four

3 0
3 years ago
In Appellia, it takes 10 units of resources to increase its output of sugar from 12 tons to 13 tons, but 11 units of resources t
EleoNora [17]

Answer:

b. diminishing returns to specialization.

Explanation:

Diminishing returns is also called diminishing productivity. It states that as additional unit of input is used in production it will get to a stage where more of input will be required to maintain output levels.

If the same level of input is used it will result in reduction in output over time.

This is exemplified in this secanrio where it takes 10 units of resources to increase its output of sugar from 12 tons to 13 tons, but 11 units of resources to increase output from 13 tons to 14 tons, and 12 units of resources to increase output from 14 tons and 15 tons.

It takes more input to increase output by 1 ton

7 0
2 years ago
The comparative balance sheets for Pina Colada Corp. show these changes in noncash current asset accounts: accounts receivable d
Verdich [7]

Answer:

Cash Flow from Operating Activities

Net Income                                                  $226,500

Decrease in Accounts Receivable             $78,500

Increase in Prepaid Expenses                   -$28,200

Increase in Inventories                               -$41,700

Cash Provided by Operating Activities    $235,100

4 0
3 years ago
When tailoring a résumé, what is the first step that should take place? a. Arrange your résumé with the most relevant informatio
Sphinxa [80]

Answer: d. Make sure to change the position and company name in the objective.

Setting the job objective is the first step of any resume.

The manner in which the objective of a resume is framed conveys a lot of information to the prospective employer.  

A well defined objective must use industry vocabulary, demonstrate research into the job or position that is being applied for and reflect the incumbent's abilities and interests.  

Hence it is imperative to change the position and company name in the resume's objective while tailoring a resume.

6 0
3 years ago
Read 2 more answers
If a company owns multiple lines of business in different areas such as cable TV, film entertainment, networks, and publishing,
Zepler [3.9K]

Answer: The answer is Discontinued Operation.

Explanation: Discontinued Operation in financial accounting is a term that is used to refer to part(s) of a company’s line of businesses or products that have been sold or shut down.

Discontinued operations are reported on the income statement, but separately from continuing operations.

The decision to list discontinued operations separately on the income statement is useful because it shows investors where the profits are coming from and which operations have ceased to function, especially useful when companies are about to merge.

8 0
3 years ago
Other questions:
  • What is a lessee? <br> what is a renter
    12·1 answer
  • S&amp;P Enterprises will pay an annual dividend of $2.08 a share on its common stock next year. The firm just paid a dividend of
    6·1 answer
  • ​the principle of _________ is the premise for elliot erwitt’s humorous photograph felix, gladys, and rover.
    15·1 answer
  • J&amp;E Enterprisesi s considering and investment which produces no cash flows for the first year. In the second year, the cash
    7·1 answer
  • 1. The field of management science a. concentrates on the use of quantitative methods to assist in decision making. b. approache
    13·1 answer
  • A corporation has issued 50,000,000 shares of common stock at $.50 par. The corporation has 10,000,000 shares of Treasury Stock
    8·1 answer
  • Why shouldn’t applicants to job openings send their cover letter as an attachment in an e-mail? When would it be acceptable to s
    5·1 answer
  • Good weather in central and south america increases the supply of coffee beans by 25%. This can be expected to cause _______ in
    15·1 answer
  • Social considerations can be used to justify ____
    9·1 answer
  • David works at Klambunk Motors, an automobile manufacturing company. Once a new automobile has been designed by the design team,
    13·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!