Answer:
Office Supplies T-account
<u>Debit :</u>
Beginning Balance $600
Purchases $2,300
Totals $2,900
<u>Credit:</u>
Ending Balance $500
Used (<em>Balancing Figure</em>) $2,400
Totals $2,900
Adjusting Entry
Supplies Expenses $2,400 (debit)
Office Supplies $2,400 (credit)
Posting Entries.
1. Supplies Expense = $2,400 (Debit Balance)
2.Office Supplies = $500 (Debit Balance)
Explanation:
As the supplies are used during the period, recognize an expense : Supplies Expense and de-recognize the Office Supplies Asset account to the extend of the amount of inventory used during the period.
In other words we are taking out an expense (Increasing it) and decreasing an asset : Office Supplies.
Answer: C. It gives the project manager authority.
Explanation:
A project charter is referred to as a formal document that describes what a project will be about. It shows the project objectives, how it will be done, the stakeholders etc
The project charter is used to formally outline a project and authorize it in an organization. It covers the scope of the project, budget, risks involved etc.
Therefore, the correct option is C
Answer and Explanation:
The Weatherford hotel breached the duty of care as it failed to warn its guest about the unreasonable dangerous condition. Toni Lucario was a guest and it was it was the duty of the hotel to make its premises safe for her and for that the hotel has failed.
Answer:
$10 million
Explanation:
Yeager's current liability for 2018 = $25 million x 40% = $10 million
deferred tax liability = ($32 million - $25 million) x 40% = $2,800,000
Deferred tax liabilities occur due to differences between US GAAP accounting rules and the rules used by the IRS to determine current income. The most common source of deferred tax liabilities is depreciation, and the different methods for expensing depreciation or even bonus depreciation.
Answer:
$12 billion.
Explanation:
Given: Value added during 2011= $78 billion.
Total sales= $90 billion.
Intermediate goods are the goods used to produce final product and it is not included in the calculation of GDP, however, it is included in the value of final goods.
Now, finding the value of intermediate goods purchased.
Intermediate goods=
⇒ Intermediate goods=
∴ Intermediate goods=
Hence, value of intermediate goods purchased is $12 billion.