Answer:
1. Acquired cash from the issue of common stock. - Assets (I) Liabilities (NA) Equity (I)
2. Paid cash to reduce the principal on a bank note. - Assets (D) Liabilities (D) Equity (NA)
3. Sold land for cash at an amount equal to its cost. - Assets (NA) Liabilities (NA) Equity (NA)
4. Provided services to clients for cash. - Assets (I) Liabilities (NA) Equity (I)
5. Paid utilities expenses with cash. - Assets (D) Liabilities (NA) Equity (D)
6. Paid a cash dividend to the stockholders. - Assets (D) Liabilities (NA) Equity (D)
Explanation:
The accounting equation shows the relationship between the elements of a balance sheet which are assets liabilities and equity. This may be expressed mathematically as
Assets = Liabilities + Equity
While assets include fixed assets, cash, inventories, account receivables etc, liabilities include accounts payable, loans payable, accrued expenses etc.
Equity which represents the amount owed to the owners of the business includes retained earnings (which is the accumulation of the net income/loss over the years less dividends paid) and common shares.
Answer:
unrealistic performance goals.
Explanation:
Unethical action is defined as one that is carried out by an individual that is seen as wrong or outside of expected behaviour in a particular environment.
In the given scenario Bryan bribed an official of a potential customer.
However his action is as a result of the company increasing the sales quota from $3 million for all its sales people to $5 million.
This is despite the market for Jumbo Corps products having slowed.
The target was unrealistic driving Bryan to take the action he did
Answer:
Depreciation
Explanation:
Depreciation is the process of reallocation of tangible assets over its useful life. Depreciation is an expense which is charged on the entire cost of a long-term tangible fixed asset. The depreciation expense is computed by reducing the scrap value of the asset from its cost and dividing it by the entire useful life of the asset. There are several methods used to depreciation tangible assets such as straight-line method, MACRS, double declining etc. Salvage value is the expected value of the asset at the end of its life. For example, if an asset has been purchased at $110,000 with a useful life of 5 years and salvage value of $10,000 then using straight-line depreciation per year over 5 years will be ($110,000-$10,000)/5 = $20,000.
So, first you graduate your high school - you're 18 years old.
After this, you need four years in college -which means that you will finish college at 22, 4 years after you're 18
After this you will go to medical school for 4 years -until you're 26.
Then you have a residency of 5 years- 26+5=31, so until you're 31
after this you have a two year training until you're 33- so the correct answer is 33!
Answer:
Under the accrual basis, it should recognize $1,000,000 as property tax revenue for the year 2019. The remaining $45,000 that it does not collect in year 2019 will be accounted for as Property Tax Receivable while the $5,000 will be recorded as Uncollectible Expense in 2019.
Explanation:
The accrual concept or basis of accounting requires that all revenues and expenses relating to a fiscal year be recognized in that accounting year. It is not only the actual cash receipts and payments that should be recognized. This means that any revenue that is due but not yet received will be accounted for in the year that the revenue arises. And all the related expenses for raising the revenue will also be accounted for in the same year.
