1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Illusion [34]
2 years ago
13

A company’s chart of accounts includes, in part, the following account numbers and corresponding account titles: Account No. Acc

ount Title (1) Cash (2) Merchandise inventory (3) Cost of goods sold (4) Transportation-out (5) Dividends (6) Common stock (7) Selling expense (8) Loss on the sale of land (9) Sales Which accounts would appear on the income statement?
Business
1 answer:
Lelechka [254]2 years ago
7 0

Answer:

Account which will appear on Income statement

(9) Sales

(3) Cost of goods sold

(4) Transportation-out

(7) Selling expense

(8) Loss on the sale of land

Explanation:

All the account that appears on the income statement are the temporary account which need to be closed at the end of each period. Their net balance is transferred to an permanent account of balance sheet.

The following account will be appeared in the balance sheet.

(1) Cash

(2) Merchandise inventory

(5) Dividends

(6) Common stock

You might be interested in
Explain why you wouldn't want to use the customer first or last name field as the primary key for a table. What problem could th
zlopas [31]

Answer:

There could be a customer with the same name or surname. It could cause a mess in your database if the customer wants payback for something and there will be the customer with the same name. I think that the primary key should be consisted of unique Customer's ID number.

Read more on Brainly.com - brainly.com/question/2870954#readmore

Explanation:

Asked on brainley already

4 0
3 years ago
Van Frank Telecommunications has a patent on a cellular transmission process.
Sonbull [250]

Answer:

Van Frank Telecommunications

December 31, 2016:

Debit Amortization Expense - Patent $4,400,000

Credit Accumulated Amortization-Patent $4,400,000

To record the revised amortization expense for the year.

Explanation:

Data and Calculations:

Patent's value on January 1, 2012 = $19,800,000

Patent's assessed lifespan = 9 years

Amortization expense for each year on straight-line = $2,200,000 ($19,800,000/9)

Accumulated Amortization for Patent = $6,600,000 (for 3 years)

Net book value of patent = $13,200,000 ($19,800,000 - $6,600,000)

Revised lifespan = 6 years

Revised amortization expense per year = $4,400,000 ($13,200,000/3)

8 0
3 years ago
Masters Corp. issues two bonds with 20-year maturities. Both bonds are callable at $1,050. The first bond is issued at a deep di
I am Lyosha [343]

Answer:

Explanation:

a)

The YTM of the bond at par value is equals to its coupon rate, 8.75%. Other things being equal, this 4% coupon rate bond will be more eye-catching as the coupon rate is lower than the current market yields, and its price is far below the call price. So, if yields drop, capital gains on the bond will not be restricted by the call price.

b)

If an investor foresees that yields will fall considerably, the 4% bond proposes a better expected return.

c)

Implicit call protection is offered in the sense that any likely fall in yields would not be nearly enough to make the firm consider calling the bond. In this sense, the call feature is almost irrelevant

3 0
3 years ago
What is the correct sequence of the five phases in the sdlc
Mariana [72]

Answer:

the common sequence is

Explanation:

planning, analysis, design, implementation, and maintenance

4 0
2 years ago
Read 2 more answers
A company might conduct full-scale practice drills, including closing a building and working from a remote location, in order to
ddd [48]
TRUE. A company might conduct full-scale practice drills, including closing a building and working from a remote location, in order to test its contingency plans
3 0
3 years ago
Other questions:
  • States conduct annual telephone surveys of residents as part of this evaluation to pinpoint behaviors that increase risk for chr
    7·1 answer
  • How are most travel itineraries arranged?
    15·1 answer
  • What is one reason that more affluent individuals may experience better health?
    5·1 answer
  • ________ involves correcting errors using past routines and present policies.A) Process reengineeringB) Single-loop learningC) C
    5·1 answer
  • Calculate the velocity if the nominal interest rate is 2 percent
    12·1 answer
  • Jim wilson is trying out for his high school varsity basketball team. jim feels he needs an extra advantage to ensure that he ma
    13·1 answer
  • Park Company's perpetual inventory records indicate the following transactions in the month of June: Units Cost/Unit Inventory,
    11·1 answer
  • The ________ statement of a business report provides a clear description of the situation that created the need for the report.
    8·1 answer
  • The desire for which item(s) would be considered a noneconomic want?
    14·1 answer
  • Portal/site/MKTG-301-30-S1-2122/tool/Acdab 156 4646-412-6727.63abf7286271/e/delivery/deliver Assessment
    15·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!