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
viktelen [127]
3 years ago
5

When recording depreciation, which of the following statements is true?

Business
1 answer:
professor190 [17]3 years ago
5 0

Answer:

D. None of the above are true.

Explanation:

As while recording depreciation, the total assets is decreased and the stockholder equity is also decreased as depreciation is a contra asset account

In the side of stockholder equity, the net income, the retained earning and the stockholder equity is decreased

whereas, the total asset is decreased as the amount of asset is reduced by deducting the accumulated depreciation amount

The journal entry is shown below for better understanding

Depreciation Expense A/c XXXXX

To Accumulated Depreciation XXXXX

(Being depreciation expense is recorded)

You might be interested in
If a salesperson persuades a customer to purchase a higher-priced item than the customer initially intended, the salesperson has
Ray Of Light [21]

The correct answer would be option C, Traded up.

If a salesperson persuades a customers to purchase a higher priced item than the customer initially intended, the salesperson has Traded up the customer.

Explanation:

Salespersons usually help customers in buying the products of their needs and desires. Success of a salesperson depends upon how beautifully he grabs the customer and closes a sale.

When a salesperson trades something to a customer which is more expensive than the product which customer was previously intended to buy, it means that the salesperson has traded up the customer.

For example, if a salesperson persuades a customer to buy an automobile worth $20,000 rather than an automobile of worth $10000, it means, the salesperson has traded up the customer.

Learn more about Selling Strategies at:

brainly.com/question/12607810

#LearnWithBrainly

3 0
3 years ago
Which of the following would not affect the outcome of a job interview?
Lostsunrise [7]

Answer:

d. interviewer’s clothing

Explanation:

A prepared talk where one person asks questions and other people answers is called An interview. In other words, an interview is a situation where someone serves as the interviewer and the other as the interviewee.  

A chat that occurs between someone who applied for a job and the spokesperson of a business that is being done to determine whether the candidate is capable of working is called Job interview.  

5 0
3 years ago
Procter & Gamble’s June 30, 2016, financial statements reported the following (in millions): Cash, beginning of year $ 6,836
lina2011 [118]

Answer:

(9,594)

Explanation:

The net cash movement during a period the sum of cashflow from operations (CFO), cashflow from investing activities (CFI) and cashflow from financing (CFF) activities. On the other hand, that net cash movement is also calculated as the difference between end of year cash position and start of year cash position. Given that, we have the equation as below:

End of year cash position - Start of year cash position = CFO + CFI + CFF

Putting all the number together, we have:

7,102 - 6,836 = 15,435 - 5,575 + CFF

Solve the equation, we have CFF = (9,594)

5 0
3 years ago
Interest-on-Interest Consider a $1,500 deposit earning 4 percent interest per year for 7 years. How much total interest is earne
valentina_108 [34]

Answer:

<em>Interest earned </em>     =   $420

Explanation:

T<em>he total worth of the investment after the the investment period compounded at certain rate  is called the Future Value.</em>

Future Value= Principal + compounded interest i.e

FV = P × (1+r)^n

r- rate, FV- future value , n- period

FV = ? , P -1,500, r- 4%, n-7 years

FV = 1,500  ×1.04^(7)

FV = 1973.897669

<em>Interest earned (compound intrest) = FV - Principal amount</em>

                         = 1973.897669 - 1,500

                        =  $473.89

Without interest earning interest.

The amount of interest earned will be computed on the principal only

Interest earned = $1,500× 4%× 7

                         = $420

7 0
3 years ago
When an economy is temporarily operating at an output that is beyond its full-employment rate it means that
MrMuchimi

It means that excess demand in resource markets will lead to higher resource prices, which will increase costs and direct the economy toward full employment.

Explanation:

An economy’s full employment output is the highest production level when all available resources are used efficiently. It equals the highest level of production an economy can sustain for the long-run. It is also referred to as the full employment production which results in long term supply of the finished good.

When there is increased demand then eventually there will be an increase in the price and also costs of the production which leads the economy towards the full employment output as it is a sustainable output.

3 0
3 years ago
Other questions:
  • Why isn't overstocking warehouses an effective solution for a problem of low availability? select one:
    9·1 answer
  • When an investor was analyzing the risks in a property, he was considering an 8% return on his investment compared to a 10% retu
    15·1 answer
  • Freida Farmer, 78 years young, from Karnak, IL has the winning Powerball lottery numbers which will pay out $7 million at the be
    6·1 answer
  • Look at the graph. A medical device company is selling a new diagnostic tool at the equilibrium price of $15. The company hires
    11·2 answers
  • As a warm-up, here's a question that won't affect your score. We recommend you take this test in a quiet place free from distrac
    15·1 answer
  • A mayor announces plans to reduce the salaries of Firefighters by ten percent, but the union that represents the
    12·1 answer
  • A firm has a debt-total asset ratio of 61 percent and a return on total assets of 11.4 percent. What is the return on equity
    11·1 answer
  • The accounting staff at Valencia Manufacturing, Incorporated has provided the following data for the month of July. The balance
    7·1 answer
  • 13. Jorge is concerned that something might happen to his most valuable documents such as his passport and Social Security card.
    10·1 answer
  • Business cycles examine ______________ time horizons, while growth theory focuses on _____________ time horizons.
    14·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!