Answer:
Adjust supplies inventory to actual.
Explanation:
The adjusting entry to record the adjust supplies inventory to actual is shown below:
Supplies expense $730
To Supplies $730
(Being the supplies inventory is adjusted)
For recording this we debited the supplies expense as it increased the expenses and credited the supplies as it decreased the assets
Therefore the second option is correct
The purpose of a technical reviews meeting is to check that the team members completed their tasks entirely, accurately, and in accordance with the required quality standards.
Technical Reviews:
Technical reviews offer a status update and feedback on the goods being evaluated as well as the ongoing project activities. The main way for a project team to share products and expertise, coordinate tasks, monitor risk, and communicate project progress is through technical reviews.
Types of technical reviews
There are mainly 3 types of technical reviews:
- Software peer review is the process of evaluating the product's technical content and quality, and it is often carried out by the work product's author and a few other developers.
- Software Management Review
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The purpose of accounting for depreciation is to allocate the cost of a tangible or physical asset over its useful life.
<h3>What is depreciation?</h3>
It should be noted that depreciation simply means the wear and tear of a product based in usage. <em>Depreciation</em> shows how much of an asset has been used.
The scope of generally accepted accounting principles aims to improve the clarity and consistency if the communication of financial information. The five principles include:
Revenue recognition.
Cost principle.
Matching principle.
Objectivity principle.
Full disclosure.
The president’s proposal is within the scope of generally accepted accounting principles. It should be noted that depreciation doesn't guarantee funds.
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Answer:
$2,560,000
Explanation:
impairment loss = division's book value - division's fair market value = $3,080,000 - $2,320,000 = $760,000
Assets held for sale are no longer depreciated, but they must be recorded at lower value between carrying cost and fair market value. Since the fair market value is lower than carrying value, then an impairment loss results.
loss on discontinued operations = loss from operations 2019 + impairment loss = $1,800,000 + $760,000 = $2,560,000
my answer would be number 2 goes by how much we pay on annual sales per yr far as paying for gas n the cost of gas