The answer is B. antitrust laws.
Antitrust laws are designed to keep competition fair between corporations to protect consumers. These laws promote such competition and discourage monopolies from operating as such.
Answer:
accrual method = $4000
cash method = $12000
Explanation:
given data
rent = $1000
time = 12 month
to find out
maximum amount of rent
solution
we know from 1 September mika start paying rent
so September to December = 4 months
so by accrual method
accrual method = rent × time
accrual method = 1000 × 4
accrual method = $4000
and
by cash method
cash method = rent × time
cash method = 1000 × 12
cash method = $12000
It is C, the guy above or below me was indeed correct! i think at least. im taking the test rn
Answer:
b. increase expenses by $12,900
Explanation:
The final balance of Store Supplies were 19,350, but the actual year-end store supplies inventory were 6,450. That means that from all purchase 12,900 (19,350 – 6450) were used during the accountable year, therefore, those were expenses that should be recognized.
The adjusting entry is: Debit supplies expense for 12,900 and credit supplies for an equal amount.
