All categories

4 years ago

Expenditures that maintain the operating efficiency and expected productive life of a plant asset are generally

Business

1 answer:

yKpoI14uk [10]4 years ago

5 0

Answer:

A. Expensed when incurred.

Explanation:

An incurred expense is basically the cost that are unpaid for. Paid expenses are incurred expenses once you paid for it (Eg credit card).

You might be interested in

Why was friedrich von hayek against government intervention in an economy?

shepuryov [24]

The answer top the question stated above is letter D. It would improve the economy's situation.

For F<span>riedrich Von </span>Hayek, less government intervention<span> meant more </span>economic freedom. He believed that if people are free to choose, then the economy runs more efficiently.
Thus, it would improve the economy's situation.

5 0

3 years ago

Read 2 more answers

When a person places him or herself in a position in which he or she might be exploited by another, and does so willingly with t

dalvyx [7]

Answer:

vulnerability

Explanation:

When an individual is vulnerable, it means that he/she is being exposed to the possibility of being physically or emotionally wounded.

Usually individuals place themselves in a position of vulnerability in a relationship when they have a very high degree of affection for the other person and assume the risk of being emotionally exposed.

4 0

3 years ago

When Jim, Jill, and Jeri take ownership to a Bakersfield home, they hold their ownership concurrently. Jim has the greatest prop

guajiro [1.7K]

The carbanaro effect

5 0

3 years ago

Barton and Fallows form a partnership by combining the assets of their separate businesses. Barton contributes accounts receivab

Zigmanuir [339]

Answer:

(a) Barton's investment

Date Account Titles and Explanation Debit Credit

Accounts receivables $44,900

($48,000 - $3,100)

Equipment $90,000

Allowances for uncollectible $1,300

Barton Capital $133,600

(To record Barton's contribution)

(b) Fallows' investment

Date Account Titles and Explanation Debit Credit

Cash $28,700

Merchandise Inventory $60,500

Fallow Capital $89,200

(To record Fallow's contribution)

3 0

4 years ago

The transactions of Spade Company:

diamong [38]

Answer:

Trial Balance

Debit Credit

Cash $8,982

($16,500 - $479 + $1,947 - $9,125 - $530 + $1,469 - $800)

Common Stock $16,500

Office Supplies $479

Office Equipment $9,125

Accounts Payable ($9.125 - $9,125) $0

Service Fees ($1,947 + $3,498) $5,445

Accounts Receivable ($3,498 - $1,469) $4,967

Rent Expense $530

Dividends $800

Totals $21,945 $21,945

Explanation:

A trial Balance is a list of balances that are extracted from the ledger accounts from which the financial statements are prepared.

First Record the Transaction, then determine account balances.

Cash $16,500 (debit)

Common Stock $16,500 (credit)

Office Supplies $479 (debit)

Cash $479 (credit)

Office Equipment $9.125 (debit)

Accounts Payable $9.125 (credit)

Cash $1,947 (debit)

Service Fees $1,947 (credit)

Accounts Payable $9,125 (debit)

Cash $9,125 (credit)

Accounts Receivable $3,498 (debit)

Service Fees $3,498 (credit)

Rent Expense $530 (debit)

Cash $530 (credit)

Cash $1,469 (debit)

Accounts Receivable $1,469 (credit)

Dividends $800 (debit)

Cash $800 (credit)

5 0

3 years ago