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3 years ago

Which of the following is NOT the quantity theory of money

Business

2 answers:

mr_godi [17]3 years ago

7 0

We are supposed to answer this right? Choices please.

kotykmax [81]3 years ago

6 0

What are the possible options?

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Boulder Company reports current E&P of $500,000 this year and accumulated negative E&P at the beginning of the year of $

mrs_skeptik [129]

Answer:

$400,000

Explanation:

Distribution for a particular year will be first drawn for the earning and profits for that year. Distributions will be treated as dividends if the earnings and profits in the current year are positive, regardless of whether the accumulated balance is negative.

Boulder had positive earnings and profits of $500,000. It has distributions of $400,000, which will be drawn from the earning from the current earnings. This distribution will be dividends because they can be satisfied with the current earnings.

4 0

3 years ago

A group of middle school students were given a short course in math. The instructor was curious if a monetary incentive (money)

kap26 [50]

Answer:

Explanation:

Based on the information provided within the question it can be said that in regards to the experiment details the variables are the following:

The Independent Variable would be the $5 in money offered to some of the students. The Dependent Variable would be the test performance of each student. The Experimental group are the students that were offered money . The Control group are the students who were not offered money.

6 0

3 years ago

On September 1, Home Store sells a mower (that costs $120) for $420 cash with a one-year warranty that covers parts. Warranty ex

Otrada [13]

Answer: See explanation

Explanation:

The entry is prepared below:

Sep-01

Dr Cash $420

Cr Sales revenue $420

(To record the mower sales)

Sep-01

Dr Cost of goods sold $120

Cr Finished goods inventory $120

(To record the cost of mower sales)

Sep-01

Dr Warranty expense (6% x $420) = $25.20

Cr Warranty liability $25.20

(To record the estimated warranty expense)

Jan-24

Dr Warranty liability $29

Cr Repair parts inventory $29

(To record the cost of warranty repairs)

8 0

3 years ago

The following are the transactions of Morrell Corporation: Morrell Corporation disposed of two computers at the end of their use

coldgirl [10]

Answer:

journal entries are given below

Explanation:

given data

computers cost = $4,740

Accumulated Depreciation = $4,740

disposal = $3,480

solution

journal entries are

S.No. Accounting Titles Debit Credit

a. Accumulated depreciation 4,740

Computer 4,740

b. Accumulated depreciation 3,480

Loss on disposal 1,260

Computers 4,740

3 0

3 years ago

Better Corp. completed the following transactions during Year 2: Purchased land for $5,000 cash. Acquired $25,000 cash from the

SpyIntel [72]

Transaction Analysis for Year 2 in the books of Better Corp.

1. Land $5,000 Cash $5,000

2. Cash $25,000 Common stock $25,000

3. Cash $75,000 Services Revenue $75,000

4. Operating expenses $42,000 Cash $42,000

5. Cash $10,000 Bank Note Payable $10,000

6. Dividends $5,000 Cash $5,000

7. No effect

Effect of Each Transaction on the Accounting Equation:

Transaction Accounting Equation

Assets = Liabilities + Stockholders Equity

1. $5,000 -$5,000 = $0 + $0

2. $25,000 = $0 + $25,000

3. $75,000 = $0 + $75,000

4. -$42,000 = $0 + -$42,000

5. $10,000 = $10,000 + $0

6. -$5,000 = $0 + -$5,000

$63,000 = $10,000 + $53,000

Thus, the accounting equation shows that assets are equal to liabilities and equity.

Learn more about the accounting equation at brainly.com/question/23920579

6 0

3 years ago