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STatiana [176]
3 years ago
9

(tco b adjusting entries: unearned rent at 1/1/10 was $5,300 and at 12/31/10 was $6,000. the records indicate cash receipts from

rental sources during 2010 amounted to $60,000, all of which was credited to the unearned rent account. you are to prepare the missing adjusting entry. for each journal entry write dr. for debit and cr. for credit
Business
1 answer:
Sveta_85 [38]3 years ago
5 0
I guessed A on plato and it was correct.
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Dingo Division’s operating results include: controllable margin of $150,000, sales totaling $1,200,000, and average operating as
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Answer:

b. No, the return is less than the required rate of 9%

Explanation:

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Profit = 14000

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6 0
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andre [41]
Consumer protection is the movement to protect the valid interests of consumers and is a major force in small business today
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Peavey enterprises purchased a depreciable asset for $28,500 on april 1, year 1. the asset will be depreciated using the straigh
ddd [48]
<span>Answer is $17,325. Since the salvage value of the asset after its four years of useful life is $3,300 while its current purchase value is $28,500; we need to depreciate the difference over 4 years. That us $25,200 to be depreciated over 4 years using a straight line method. At December 31 of year 3, the asset will be 2.75 years old(2 years, 9 months). Hence the accumulated depreciation is $25,500*(2.75/4). This is $17,325.</span>
4 0
3 years ago
Which of the following statements about Treasury Stock is correct? Multiple Choice The balance in the Treasury Stock account inc
DedPeter [7]

Answer:

The balance in the Treasury Stock account reduces total Stockholders' Equity

Explanation:

Treasury stock also known as reacquiring stock refers to outstanding shares which were previously owned by a company which is then bought back by shareholders of that company. Treasury stock do not have much value but provide  means of  raising the price of share which in turn provides profits for investors.  

Treasury stock is normally recorded in the shareholders equity section of the balance sheet representing the number of repurchased shares from the open market, thereby reducing shareholder's equity by the amount paid for the stock

8 0
3 years ago
Explain what is meant by the present value of an ordinary annuity. Choose the correct answer below. A. It is the value of any si
likoan [24]

Answer:

<u>Letter D is correct.</u>  It is the value of the unpaid balance on an annuity at the specified point in time.

Explanation:

An ordinary annuity is the making of fixed payments over a fixed period of time. To specify the value of an annuity present in an ordinary annuity, one must know the established interest rates. When interest rates are higher, the present value of the ordinary annuity is reduced, and when interest rates are lower the present value is higher.

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3 years ago
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