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vova2212 [387]
3 years ago
14

Which of the following statements, if any, concerning the modified cash basis of accounting is/are correct?

Business
1 answer:
Alex Ar [27]3 years ago
6 0

Answer: C. Both I and II.

Explanation:

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shmrock corporation recorded a right-of-use asset for 187,600 as a result of a finanec lease on december
Nonamiya [84]

shmrock corporation recorded a right-of-use asset for 187,600 as a result of a finanec lease

<h3>What is lease?</h3>

A lease is a contract that requires the user to pay the owner for the use of an asset. Property, buildings, and vehicles are examples of leased assets. Leasing is also used for industrial or commercial equipment. A lease agreement is essentially a contract between two parties: the lessor and the lessee.

The primary distinction between a lease and a rent agreement is the length of time they cover. A rental agreement is typically for a short period of time (usually 30 days), whereas a lease contract is for a longer period of time (usually 12 months, though 6 and 18-month contracts are also common).

Finance leasing, operating leasing, and contract hire are the three main types of leasing.

To know more about lease follow the link:

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4 0
1 year ago
Alabama this winter was socked in with snow which closed highways, stores and schools for weeks. Because of the road closures, s
wlad13 [49]

Answer:

people start black market for selling soup and delivering soup

Explanation:

we know here in winter due to snow highway is close so no transportation and if store will close than demand will be increase and supply will reduce

and if government reduce instant price up to 5 time for a short period than

i think people will try to stock it because there was a great demand and supply is very less than people start black market for selling soup and delivering soup

8 0
4 years ago
You operate a small catering firm specializing in sit-down dinner parties that you prepare and serve yourself with no helpers. A
Greeley [361]
Well I would say B because the passage states that she doesn't have the staff and so on and so forth. But it didn't say that she couldn't cook it so I would cook it but make her subcontract the rest.
7 0
4 years ago
Lori Burroughs wants to gain some needed experience so when she becomes ready to start a career she'll have some things to offer
kifflom [539]

Answer:

<em>Internship Program</em>

Explanation:

An internship is an official program that is offered to prospective employees by an organization.

Practitioners work in a company for a certain length of time whether part-time or full-time.

Internships are most common among university students or graduates who work from a couple of  months and have an aim of achieving expertise related to practical work or study.

6 0
4 years ago
Albert's 19-year old son, paul, lived with him all year. paul is a full-time student who earned $4500, which he put into a colle
fenix001 [56]
<span>Albert's 19-year old son, paul, lived with him all year. paul is a full-time student who earned $4500, which he put into a college fund. albert can claim paul as a dependent</span>
8 0
3 years ago
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