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3 years ago

Cory issued a note to his creditor in exchange for an account. Cory records the transaction by debiting

2 answers:

Taya2010 [7]3 years ago

3 0

The answer is D. a debit to accounts payable and a credit to notes payable. This is because Cory issued a note to his creditor as a promise that he will pay the creditor. With this, he will be gaining a Notes Payable, or a promissory note stating that he will pay, and will be losing an Accounts Payable. So according to the rules of accounting, if a liability is debited, then it will be lessened from the books of the business. If a liability is credited, however, then it will be added to the records of the business.

LiRa [457]3 years ago

3 0

The correct answer is letter C. Accounts Payable and Crediting Notes Payable.

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Choose the correct alternative regarding tax revenue:

insens350 [35]

The correct alternative regarding tax revenue:

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it is paid directly by individual concerned.
it is paid after the income reaches in the hands of the taxpayer
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Indirect Taxes

it is levied on product or services.
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1 year ago

Identify which assumption each given scenario references have.

NikAS [45]

Assuming it’s B) Transitive Tastes

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2 years ago

Assuming that the federal reserve banks sell $40 million in government securities to commercial banks and the reserve ratio is 2

sdas [7]

The reserve requirement when the federal reserve banks sell $40 million in government securities to commercial banks is $8 million.

<h3>How to calculate the reserve requirement?</h3>

From the information given, the the federal reserve banks sell $40 million in government securities to commercial banks and the reserve ratio is 20 percent.

Therefore, the reserve requirement will be:

= 20% × $40 million

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1 year ago

Major activities of the Planning Section include:

FrozenT [24]

Answer:

Major activities of the Planning Section include: D) Preparing and documenting Incident Action Plans.

Explanation:

The Planning section is responsible for various activities carried out in Incident Command System or ICS. ICS is used to respond to emergencies in the United States. The activities that befall under this section are mostly related to plannings.

These activities are: collecting and evaluating information, preparing and maintaining documents of incidents, etc. Preparing and maintaining the incident documents is an essential task and requires accuracy in representing the facts and figures. Hence, we can say that D is the only activity in the planning section of the ICS.

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2 years ago

Bill Blackburn is the new mayor of Oceanside, Washington. He discovered that the city-run utility requires a deposit of $50 from

Serjik [45]

Answer:

Theory of justice 

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A Justice Theory is a 1971 work of John Rawls ' political philosophy and ethics, whereby the writer addresses the problem of distributive justice.

The principle uses a revised sort of Kantian philosophy and a variant form of conventional theory of social contracts.

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2 years ago