Pete Jackson purchased office equipment costing $3,000 for his business and paid immediately. record this transaction in the accounting equation by: decrease cash, increase equipment.
When using the accounting equation, recording the acquisition of kit for cash would come with a rise to the account and a decrease to the (Cash/Equipment/Supplies) account. What's the right definition of an asset? Business activities change the amounts within the accounting equation.
The purchase of an equipment would only result in a rise in an asset (Equipment) and a decrease in another asset (Cash) within the same amount which might result in the identical total amount of assets, liabilities and equity, and can not affect the fundamental accounting equation.
The formula is straightforward: A company's total assets are adequate to its liabilities plus its shareholders' equity. The accounting equation is also expressed as assets - liabilities = owner's equity.
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Answer:
He researches, analyzes, and summarizes information about fraud.
Answer:
(A) Half-year and (D) Half-year
Explanation:
MACRS stands for Modified Accelerated Cost Recovery System and is the most commonly-used tax depreciation method .Without getting into too much detail, MACRS is accelerated depreciation that allows for a larger deduction while the asset is still new. By comparison, straight-line depreciation gives you the same deduction year after year over the asset's useful life. MACRS cannot be used for intangible property, nor can it be used to depreciate. MACRS convention determines the number of months for which you can claim depreciation during a partial year, either when you first placed the asset in service or when you disposed of it. The mid-month convention only applies to residential rental property, nonresidential real property, and railroad grading or tunnel bore. It simply means that you get a half month's worth of depreciation no matter when that asset was placed into (or taken from) service during that month, whether that was at the beginning, middle, or end of the month. The half-year convention works the same way but instead of the month it goes by the year. In other words, you'll get 6 months' depreciation if the asset was placed into service or disposed of during the year, no matter if it was in January or December.
Answer:
That A Newborn Fawn Is Randomly Selected. Round All Answers To Two Decimal Places A. The Mean Of This Distribution Is B. The Standard Deviation Is C. The Probability That The Fawn Will Weigh More Than 2.8 Kg. D. Suppose That It Is Known That The Fawn Weighs Less
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Suppose that the weight of an newborn fawn is uniformly distributed between 2 and 4 kg. Suppose that a newborn fawn is randomly selected. Round all answers to two decimal places
A. The mean of this distribution is
B. The standard deviation is
C. The probability that the fawn will weigh more than 2.8 kg.
D. Suppose that it is known that the fawn weighs less than 3.5 kg. Find the probability that the fawn weights more than 3 kg.
E. Find the 90th percentile for the weight of fawns.
Explanation:
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Answer:
Place the check provided by the Jason in its trust account and draw against only to pay actual advertising expenses
Explanation:
In the statement given in the question it is stated that the Beverly and Jason agrees to a agreement in which Jason will pay Beverly $250 for advertising.
Now,
The Beverly will Place the check provided by the Jason in its trust account and draw against only to pay actual advertising expenses incurred by the Beverly for the advertisement of property owned by Jason.