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mezya [45]
3 years ago
13

Which of the following errors would cause the adjusted trial balance to be unequal? a. The adjustment for prepaid insurance was

omitted. b. The adjustment for unearned revenue was omitted. c. The adjustment for depreciation of $3,545 was journalized as debit to Depreciation Expense for $3,454 and a credit to Accumulated Depreciation of $3,545. d. The adjustment for accrued fees of $16,340 was journalized as a debit to Accounts Payable for $16,340 and a credit to Fees Earned of $16,340.
Business
1 answer:
zalisa [80]3 years ago
3 0

Answer: Option (C) is correct.

Explanation:

There is a adjustment entry for depreciation of $3,545 but the amount that is debited as depreciation expense is different from the amount that is credited as accumulated depreciation.

Depreciation Expense A/C     Dr.     $3,454

To Accumulated Depreciation                          $3,545

This will lead to an unequal adjusted trial balance.

Option 'A' and 'B' has no effect on the adjusted trail balance to be unequal because whole transaction is omitted.

Option 'D' also has no effect on adjusted trail balance because the debit and credit amount will still match.

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Between the u. s. and nepal, nepal invests less in new factories and equipment. This will likely cause?
salantis [7]

As Nepal is investing less in capital goods so as to shift the PPF of America outward quicker in comparison to Nepal which is extra eating. the answer is "C".

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Capital goods check with merchandise that can be used within the manufacturing of other merchandise but isn't included in the brand new product. these consist of gadget tools, commercial equipment, method plant gadget, production & mining gadget, electrical system, fabric equipment, printing & packaging machinery, and so on.

Capital items are the assets used by agencies within the course of producing their services and products and can consist of homes, equipment, gear, and equipment.

Learn more about Capital goods here: brainly.com/question/14848187

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7 0
1 year ago
The agency problem wherein ownership and control of a corporation are separate is associated with:_______
11Alexandr11 [23.1K]

Answer: The shareholder model of corporate governance

Explanation:

The agency problem is typically a conflict of interest in a relationship whereby a party is expected to act in the best interest of the other party. It should be noted that in corporate finance, the agency problem is a conflict of interest that takes place between the management of the company and the stockholders.

The agency problem wherein ownership and control of a corporation are separate is associated with the shareholder model of corporate governance.

7 0
3 years ago
If taxes are levied specifically for payment of interest and principal on long-term debt, those taxes are:
lys-0071 [83]

Answer:

Recognized as revenues in the debt service fund.

Explanation:

Debt Service fund is a term that is used to describes a form of cash reserve utilized in the payment of interest and principal on specific kinds of debt for a given period. For example, bond premiums are commonly imposed by state law to be moved to debt service funds.

Hence, If taxes are levied specifically for payment of interest and principal on long-term debt, those taxes are: Recognized as revenues in the debt service fund.

8 0
3 years ago
Franz ask Joe if he will paint his office building for $1000. Joe says he will do it for $2000. Joe's response is called
Novay_Z [31]
Hey there!

Joe's response is called a counteroffer, which is just an offer that's made in response to an offer given by someone else.
Thie helps two people come to a consensus about an offer.

Hope this helps!
4 0
3 years ago
A firm incurs $35,000,000 of actual OH costs. It has a PDOH rate of $450 per machine hour and 100,000 machine hours were actuall
ella [17]

Answer:

c.  Debit: Overhead Control $10,000,000  

Credit: Cost of Goods Sold $10,000,000

Explanation:

The journal entry to close the overhead account is presented below:

Overhead Control A/c Dr $10,000,000

       To Cost of Goods Sold A/c  $10,000,000

(Being the overhead account is closed)

The computation is shown below:

= Applied overhead - actual overhead

where,

Applied overhead equal to

= $450 × 100,000 machine hours

= $45,000,000

And, the actual overhead is $35,000,000

So, the amount would be

= $45,000,000 - $35,000,000

= $10,000,000

Since the applied overhead is greater than the actual overhead, so we debited the overhead control account and credited the cost of goods sold account

5 0
3 years ago
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