Enterprise, it's called an enterprise
1. False
2. False
3. True
4. False
5. false
6. False
7. True
8. False
9. True
10. False
Answer:
Debit Credit
Trade payable $300
Cash $300
Explanation:
First we have to reverse the wrong journal entry which has been made by the inexperienced bookkeeper in the Adams Company accounts:
Debit Credit
Trade payable $300
Cash $300
Now we have to record the correct journal entry in the accounts of Adam Company in respect of account settlement with supplier which is given as follow:
Debit Credit
Trade payable $300
Cash $300
I can get you caught up in a lot of lies
<span>A rise in the discount rate cuts the present
value factor and the present value. This is for the reason
that a higher interest rate means you would have to set a
smaller amount aside today to earn a specified amount in the future. A decrease in
the time period increases the present value factor
and increases the present value. In other words, when
you earn more interest, you can capitalize less money today to have the same amount
at a given point in the future.</span>
