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Sergio039 [100]
3 years ago
10

The Constitution sets forth specific powers that can be exercised by the federal government and provides that the federal govern

ment has the implied power to undertake actions necessary to carry out its expressly designated powers. All other powers are expressly reserved to ___________.
Business
1 answer:
geniusboy [140]3 years ago
7 0

Answer:

states.

Explanation:

The US Constitution delegated specific powers to the three branches of the Federal government (Executive, Legislative and Judicial). All the powers not specifically delegated to any branch of the Federal government, are expressly reserved to the State governments.

The idea is very simple, all the powers not specifically granted to the federal government belong to the states.

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Which of the following statements is false? Multiple Choice Prepaid insurance is a deferred expense. Prepaid insurance represent
inna [77]

Answer:

B. Prepaid insurance is shown on the income statement

Explanation:

Prepaid insurance first and foremost is a current asset and as such will not reflect in the income statement but in the statement of Financial Position or Balance Sheet.

Although, prepaid insurance will be shown as paid within the year, it must be deducted from the insurance premium paid for the current year and then reported in the balance sheet as a current asset.

Prepaid insurance is treated as a current asset because it is an indication of insurance premiums paid for by the company in advance. It is a payment for economic benefits that will be enjoyed in the future, therefore it is a current asset. The only part of an insurance premium that shows in the income statement is the insurance expense paid for insurance benefit enjoyed in the current period

3 0
3 years ago
Equipment costing $16000 is purchased by paying $4000 cash and signing a note payable for the remainder. The journal entry shoul
grigory [225]

Answer:

c. credit to notes payable

Explanation:

Based on the information given we were told that the Equipment which cost the amount of $16000 was purchased by paying the amount of $4000 as cash which means that if the company sign a NOTE PAYABLE for the remainder. The journal entry should include a: CREDIT TO NOTES PAYABLE

5 0
3 years ago
Arlington Town uses an Internal Service Fund to account for its motor pool activities. Based on the following information, calcu
sergij07 [2.7K]

Solution :

The price per trip is given as $=\frac{\text{total cost}}{\text{No. of trips}}$

The number of trips is given as = 800

The total cost calculations are as follows :

Particulars                                             Amount            Calculations

Annual cost for automobile van             $ 18,000           $\frac{45000 \times 2}{5}$

Cost of driver salary                               $ 80,000        45000 + 35000

Cost of fringe benefits                           $ 24,000         80000 x 30%

Cost of insurance                                  $ 2,000                 \frac{6000}{3 \text{ years}}

Fuel and maintenance                           $ 8,000

Total cost                                              $ 132,000.00

Therefore the price per trip $=\frac{\$ 132,000}{800 \text{ trips}}$

                                          $= \$ 165 \text{ per trip}$

5 0
2 years ago
Producers are able to produce more of a good and to make more profit from
Butoxors [25]

Answer:

high production costs

5 0
2 years ago
Does the business able to make the most out of the fixed asset?
Ede4ka [16]

Answer: Fixed assets are long-term items that add value to your business. They are tangible assets that you do not expect to convert into cash in less ... asset because you want to convert it into cash as fast as possible. ... You must keep up with maintenance schedules to get the longest life out of your fixed assets.

Explanation: PLEASE GIVE BRAINLIST

7 0
2 years ago
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