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Rudik [331]
3 years ago
14

The statement of owner's equity begins with the beginning balance followed by a.adding net income less withdrawals b.adding inve

stments less withdrawals c.adding net income plus investments d.adding investments plus net income less withdrawals
Business
1 answer:
ddd [48]3 years ago
6 0

Answer:

D. Adding investments plus net income less withdrawals.

Explanation:

This statement is generally used to show the owners capital at the beginning of an investment period which is seen or said to affect or changes in balance sheet at a section termed to be the equity section. It is said to reveal and let a shareholder know the additional and subtractional changes that happens/happened in the shareholders account.

In some certain business kind which ranges from a sole proprietorship type of business to the others, movement in capital occurs as a result of some elements.

Therefore it is seen that net income less withdrawals and also investment adding is been seen after an investors equity statement in the beginning of account balancing.

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What is the maximum amount you will have to pay out of pocket for a car accident before your insurance covers your costs
Serga [27]
I guess it depends of the cost
6 0
3 years ago
Carla Corporation owns machinery that cost $24,800 when purchased on July 1, 2017. Depreciation has been recorded at a rate of $
liberstina [14]

Answer:

a. Journal entries to update depreciation for 2021:

Debit Depreciation expense $1,984

Credit Accumulated depreciation account $1,984

b. Journal entries to record the sale:

Debit Cash $13,020

Debit Accumulated depreciation account $12,400

Credit Gain on asset disposal  $620

Credit Machinery asset $24,800

Explanation:

a. Depreciation of the machinery has been recorded at a rate of $2,976 per year.

Depreciation per month = $2,976/12 = $248. In 2021, the machinery is used from Jan 1 to August 31 (8 months).

Depreciation expense for 2021 = $248 x 8 = $1,984

Journal entries to update depreciation for 2021:

Debit Depreciation expense $1,984

Credit Accumulated depreciation account $1,984

b.

Accumulated depreciation account at December 31, 2020 has credit balance of $12,400 ($10,416 + $1,984 = $12,400)

The carrying amount of the machinery = Cost of the machinery -  Accumulated depreciation = $24,800 - $12,400 = $12,400

Sales price - Carrying amount of the machinery = $13,020 - $12,400 = $620>0

The company recognizes gain on the sale. Journal entries to record the sale:

Debit Cash $13,020

Debit Accumulated depreciation account $12,400

Credit Gain on asset disposal  $620

Credit Machinery asset $24,800

8 0
3 years ago
If data aggregation is the goal of collecting the data, ______ are the best choice.
Jobisdone [24]

<span>The answer for the blank pace is:
"Classifications"
The full sentence will be read as follow:

If data aggregation is the goal of collecting the data, Classifications are the best choice.</span>

Data aggregation means a process where information is gathered and expressed in a summary form, and the purposes include many such as statistical analysis etc. 

<span> </span>

8 0
3 years ago
Jones Manufacturing sells a part to Lear Corporation.Lear puts this part into a radio,which Lear then sells to Ford.From Ford's
AleksandrR [38]

Answer:

d)Tier 2

Explanation:

from the question we are informed about jones Manufacturing sells a part to Lear Corporation.Lear puts this part into a radio,which Lear then sells to Ford.From Ford's point of view, in this case Jones Manufacturing is tier 2. Tier 2 capital can be regarded as second layer of capital which serve as a required reserves of a bankIt contains revaluation reserves as well as hybrid capital instruments

3 0
2 years ago
Ajax Corp., an American company, owns a factory in China. Managers often report back to headquarters in the U.S. that Chinese go
Luden [163]

Answer:

The correct answer is bureaucratic.

Explanation:

Bureaucracy is the organization or structure that is characterized by centralized and decentralized procedures, division of responsibilities, work specialization, hierarchy and impersonal relationships. The term is used in sociology, in administrative science and, especially, in public administration. It could be defined as a set of techniques or methodologies arranged to learn or rationalize the external reality (to which it intends to control the central power) in order to know it and call it in a standardized or uniform way. A clear example of this characteristic of bureaucracies, particularly those of government, is the hiring and assignment or removal of personnel, that is, officials, according to explicit criteria and relevant to the performance of duties.

4 0
3 years ago
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