Answer:
cash 2,790 debit
unearned revene 2,790 credit
unearned revenue 1,860 debit
rent revenue 1,860 credit
Explanation:
The revenue from the rent is unearned as currently the firm has to provide the rent spance for three months It will be earned as time passes.
At year-end December 31th we have earned 2 months (Nov and Dec) therefore we reocgnize for that amount
2,790 x 2/3 months = 1,860 rent revenue
Answer:
Option "C" is the correct answer to the following question.
Explanation:
Cost of goods sold includes all types of expenses related to a product.
Any type of expenses during the year can be adjusted in the cost of goods sold for that product. underdeveloped or overdeveloped overhead can also be adjusted in the cost of goods sold for the particular year.
so the correct answer to the given statement is the Cost of Goods sold.
Answer: Hedging
Explanation: because the bank is hedging when it purchases a credit default swap that is offering protection against the default of one of its borrowers.
Answer:
Explanation:
Based on the information provided within the question it can be said that this scenario has led to the United States adding more planned elements to the economy. They are doing this in order to prevent the market from hitting a pure market economy and remaining balanced towards a more planned economy.
