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IRINA_888 [86]
3 years ago
12

Revenue expenditures

Business
1 answer:
solmaris [256]3 years ago
4 0

Answer:

Answer A

Explanation:

Revenue expenditures are the expenditures during period in which the asset has been put into its usage. They are often discussed in the context of fixed assets. For instance if a company installs new equipment and has monthly costs of its maintenance, these costs are revenue expenditures. Therefore, they only present additional costs that do not necessarily increase asset's life.

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A. is required to draw up a petition listing all assets and liabilities.
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Suppose the U.S. and Japan both produce airplanes and televisions and the U.S. has a comparative advantage in the production of
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Answer:

d. both countries, as whole, will be better off.

Explanation:

When countries leverage on their comparative advantages, they will be better off. In this instance as US has comparative advantage in producing airplanes, it will be more cost effective for them to produce and export to Japan.

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3 years ago
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Answer:

Debt

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3 years ago
As prepaid expenses expire with the passage of time, the correct adjusting entry will be a:
Nonamiya [84]

Answer:

d. debit to an expense account and a credit to an asset account.

Explanation:

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Answer:

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