All categories

3 years ago

Deferral adjustments are needed when the business:

Business

1 answer:

prisoha [69]3 years ago

6 0

Answer:

The correct answers are the options B and D: Pays cash before the expense has been incurred. And receives cash before the revenue has been generated.

Explanation:

To begin with, in the accounting field the term of "Deferral Adjustments" refers to those that the accountant does when they postpone the report of it in the income statement until a later period, so that means that when an event happens they might decide to postpone the report of that particular transaction doing what it is called "defer". Moreover, the two most common cases when the accountants use this technique are the ones choosen from the options, the cases B and D.

You might be interested in

Get-away Inc. is a vacation planning company. It provides various holiday packages, such as camping outdoors, adventure sports,

galben [10]

Get-away represents lifestyle segmentation.

<h3>What is lifestyle segmentation?</h3>

Customer lifestyle segmentation is the technique of breaking each customer's information into small sub-groups.
These sub-groups are created using data from each and every consumer.
These groups are formed in order to make conclusions regarding customer preferences, likes, and dislikes.
One method of market segmentation is lifestyle segmentation.
It is directly related to psychographic segmentation.
The AIO is the most extensively utilized instrument for lifestyle segmentation (Activities, interests, and opinions).
The idea is to target one or more lifestyle categories with your marketing mix.

Therefore, Get-away represents lifestyle segmentation.

Know more about lifestyle segmentation here:

brainly.com/question/13686011

#SPJ4

8 0

2 years ago

Ballard Company reported assets of $500 and liabilities of $200. What amount will Ballard's report for stockholders' equity?

Westkost [7]

Answer:

$300

Explanation:

Data provided in the question

Assets reported = $500

Liabilities = $200

So, Stockholder equity is

= Total assets - total liabilities

= $500 - $200

= $300

By applying the accounting equation, that equal to

Total assets = Total liabilities + owners equity

We can find out the stockholder equity by deducting the total liabilities from the total assets

7 0

3 years ago

Cindy's apartment complex is offering renters insurance through their insurance company. The insurance company charges an annual

Alex787 [66]

Answer:

$836.08 per month

Explanation:

In order to calculate Cindy's new monthly rent, we would simply need to divide the renter's insurance by 12 since there are 12 months in a year. and then add that product to her monthly rent like so...

565.00 / 12 = 47.08

789 + 47.08 = 836.08

Finally, we can see that Cindy's new rent after including the renters insurance would be $836.08 per month

6 0

3 years ago

Kapono Farms exchanged an old tractor for a newer model. The old tractor had a book value of $15,000 (original cost of $34,000 l

Vesnalui [34]

Answer:

a. Gain on sale of land = $230,000

b. Loss on the exchange of the tractor = $5,400

c-1. Gain on Exchange of the tractor = $5,000

c-2. Initial value of new tractor = $35,600

Explanation:

a. What is the amount of gain or loss that Kapono would recognize on the exchange of the land?

This can be determined as follows:

Details Amount $

Fair value of land 760,000

Book value of land (530,000)

Gain (loss) on sale of land 230,000

b. What is the amount of gain or loss that Kapono would recognize on the exchange of the tractor?

This can be determined as follows:

Details Amount $

Original Cost of Tractor 34,000

Accumulated Depreciation (19,000)

Book Value of Tractor 15,000

Therefore, we have:

Loss on Exchange of the tractor = Fair value - Book Value of Tractor = $9,600 - $15,000 = $5,400

c. Assume the fair value of the old tractor is $20,000 instead of $9,600. What is the amount of gain or loss that Kapono would recognize on the exchange? What is the initial value of the new tractor?

c-1. Calculation of the amount of gain or loss that Kapono would recognize on the exchange

From part b, we have:

Book Value of Tractor = $15,000

And, we have:

Fair Value = $20,000

Therefore, we have:

Gain on Exchange of the tractor = Fair value - Book Value of Tractor = $20,000 - $15,000 = $5,000

c-2. Calculation of the initial value of the new tractor

This can be determined as follows:

Initial value of new tractor = Fair Value of tractor given + Cash paid = $9,600 + $26,000 = $35,600

8 0

3 years ago

What does each employer that has employees with occupational exposure to human blood or opim need to have?.

Dovator [93]

Answer:

Each employer who has an employee (s) with occupational exposure to blood or OPIM is required to document an exposure determination. The exposure determination is made without regard to the use of personal protective equipment since employees are considered exposed even if they wear personal protective equipment.

Explanation:

7 0

2 years ago