Answer:
1
Dr Fixed asset equipment_________$10000
Cr Cash_______________________________$10000
purchased equipment
2
Dr Depreciation expense____________$1800
Cr Acummulate Depreciation_______________$1800
Anual depreciation
Explanation:
1
Dr Fixed asset equipment_________$10000
Cr Cash_______________________________$10000
purchased equipment
2
Dr Depreciation expense____________$1800
Cr Acummulate Depreciation_______________$1800
Anual depreciation
C. Finacial is the answer.
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Answer:
visible trade in economics, exchange of physically tangible goods between country involving import and export it is distinguished from invisible trade
Answer:
a. Dividend
b. $500,000
Explanation:
a. As in the given case, the character of any income or gain recognized is the dividend of $500,000 which eligible him to avail 100% deduction of the dividend amount
b. The reduced amount would be lower of the distributed amount or 50% of Total E&P
Distributed amount is $500,000
And, the 50% of total E&P is = $8,000,000 × 50% = $4,000,000
So, the lesser amount is $500,000 which is reduced its total E&P
Answer:
The correct answer is debit to Bad Debt Expense.
Explanation:
Taking into account the nature of both accounts, the registration of an account receivable is considered an asset taking into account that it is a callable value for the sale of products or services on credit, for which reason it is recorded in the debit to increase the company rights. In the exposed case, where the debt is considered uncollectible after exhausting many resources, the record is to recognize an expense (debit nature), against a credit to the account receivable with the objective of recognizing in the accounting the loss in the expense and the cancellation of the right in the asset.
