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3 years ago

These are selected account balances on December 31, 2014.

Business

1 answer:

zloy xaker [14]3 years ago

6 0

Answer:

$1,150,000

Explanation:

Two categories of operatng assets are presented on the balance sheet: Property, plant and equipment; intangible assets.

They are presented at their acquisition cost (historical cost).

The balance sheet uses one line item for property, plant and equipment and presented the details in the notes.

Initially are recorded at acquisition cost or original cost, that include all cost normally necessary to acquire an asset and prepare it for its intended use.

A depreciation is an allocation of the original cost of an asset to the periods benefited by its use.

In this case, he total amount of property, plant, and equipment that will appear on the balance sheet is $1,150,000 because:

Land $100,000 + Buildings 800,000 + Equipment 450,000 + Furniture 100,000 - Accumulated Depreciation 300,000 = $1,150,000.

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Alina [70]

Answer:

d. Debit Bad Debt Expense, $34,200; credit Allowance for Doubtful Accounts, $34,200

Explanation:

allowance balance 2,300 debit

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adjustment needed 34,200 credit

We need to adjust the allowance to our estimated uncollectible account. Currently, it has 2,300 debit balance. We need to increase it to 31,900

If we think it in two steps:

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in total a credit for 34,200 needs to be done

<u>The adjusting entry will be:</u>

bad debt expense 34,200 debit

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3 years ago

Which type of company enjoys the benefit of passing along deductions and credits of the company on to partners to file on their

Oksi-84 [34.3K]

Answer:

The correct answer is Limited Liability Partnerships.

Explanation:

A Limited Liability Company is a type of mercantile company, in which the liability is limited to the capital contributed, and therefore, in the event that debts are incurred, it does not respond with the personal assets of the partners, but to the one contributed in said Limited company. It presents as a capitalist-type society in which capital, which will be divided into social interests, will be integrated by the contributions of all partners, who will not respond personally to social debts.

Social ACTIONS are not equivalent to the actions of corporations, as there are legal obstacles to their transmission. In addition, they do not have a "value" character and cannot be represented by means of securities or account entries, and their transmission by means of the public document that will be registered in the partner register book is mandatory. It will be constituted in a public deed and subsequently in the registration of the commercial register, at which time it acquires legal personality.

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3 years ago

You have been asked to create a code of ethics for the staff of a school paper to follow. Create a list of 10 rules based on the

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Thank you for coming to Brainly with your questions :)

Here's my answer:

1. No hurtful gossip.
2. Stay professional.
3. Do not publish anything untruthful.
4. Work together as a team.
5. Meet all deadlines on time.
6. Be accountable.
7. Avoid stereotyping, including race, ethnic, gender, sexuality, etc.
8. Be careful when it comes to what is published.
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10. Support others views besides their own.

I hope this helps you. Please mark Brainliest :) Lemme know if I can do anything else to help you.

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3 years ago

Anderson Corporation has purchased a group of assets for $16,600.

Sati [7]

Answer:

C.$ 8 comma 798$8,798

Explanation:

Given,

Purchase value = $16,600

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Using the relative value to allocate the purchased value of the land

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3 years ago

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marusya05 [52]

Answer:

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