Answer:
Sinking fund
Explanation:
Sinking fund is a term used to describe an account that a bind trustee managed for the sole purpose of redeeming bonds early.
sinking fund: This can be seen as a type of fund that is created for the sole aim of repaying debt. It is created for the purpose of making debt easier to pay off.
The sinking fund account owner set aside a particular amount of money for a specific purpose.
Sinking funds is used to entice investors because in the case of default or bankruptcy, sinking fund will still allow investors to get their investment back. it is also a means used by corporations for bonds and deposits money to buy back issued bonds or parts of bonds before the maturity date arrives.
Answer:
stockholer's equity will be overstated by $800.
Explanation:
The adjustment required is to record $800 of supplies used as an expense, hence, by carrying out the adjustment, net income is overstated by $800 so also retained earnings and shareholders' equity.
In other words,the balance that would be left in supplies is opening balance of $200 plus purchase of supplies which is $950 minus the supplies used.
balance of supplies=$200+$950-$800=$350
Option B is wrong the balance expected is $350 and the balance without adjustment is $200,that is $150 understatement not $350
Might have to do some personal research idk who's gonna do a whole project for you but googles a wonderful thing
<span> B.You have health insurance with a $500 deductible.
hope this helps.</span>
