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KIM [24]
3 years ago
11

If the credit to record the purchase of supplies on account is not​ posted, A. assets will be understated. B. ​stockholders' equ

ity will be understated. C. liabilities will be understated. D. expenses will be overstated.
Business
1 answer:
krek1111 [17]3 years ago
7 0

Answer:

The answer is A, assets will be understated.

Explanation:

When a purchase is registered, it must be like this:

+credit for the supplies

+debit for the liability, or -credit for the cash used

If the registration of the asset is not made, then the assets will be understated and the accounting equation does not balance, because the liability or the -credit of asset cash has been registered.  

Understated means two things, the amount is not the correct amount, and  the amount is less than the true amount.  In other words, the amount is too small.

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Through its ________ program, the SBA oversees about 11,500 volunteers with international trade experience to provide one-on-one
Artyom0805 [142]

Answer:

Service Corps of Retired Executives.

Explanation:

Service Corps of Retired Executives (SCORE) is a no profit organisation that provides counseling services to aspiring enterpreneurs and business owners. There are 389 chapters in the United States, and they provide counseling services without charging the client.

About 11,500 volunteers with international experience provide one on one counseling services.

Only a phone call is required to schedule a counseling session as there is no registration requirements.

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3 years ago
A 6 percent, annual coupon bond is currently selling at a premium and matures in 7 years. The bond was originally issued 3 years
vekshin1

Answer and Explanation:

the answer is attached below

6 0
3 years ago
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Use the following information to calculate cash received from dividends: Dividends revenue $ 32,300 Dividends receivable, Januar
drek231 [11]

Answer:

$31,000

Explanation:

Calculation for the cash received from Dividend

Beginning dividends receivable + Dividend revenue - dividends paid = Ending dividends receivable

Hence,

Using this formula

Dividends paid = Beginging dividends receivable + dividend revenue - Ending dividends receivable

Let plug in the formula

= 3,100+32,300-4,400

=31,000

Therefore the amount of cash received from dividend will be $31,000.

Thus the dividend revenue is not the dividends which was received in cash, but instead it is the dividends which was earned during the period.

4 0
3 years ago
Explain why the order of operations is necessary for simplifying numerical expressions
Musya8 [376]
The order of operations is necessary for simplifying numerical expressions because it ensures that the expression is simplified correctly through a series of steps proven to be efficient in simplification.
3 0
3 years ago
The privately-owned school system in Smalltown has a virtually unlimited capacity. It accepts all applicants and operates on bot
oksian1 [2.3K]

Answer:

A

Explanation:

The privately-owned school system in Smalltown generates  positive externality to members of SmalltownA good has positive externality if the benefits to third parties not involved in production is greater than the cost. an example of an activity that generates positive externality is research and development. Due to the high cost of R & D, they are usually under-produced. Government can encourage the production of activities that generate positive externality by granting subsidies.

The free rider problem is a form of market failure. It occurs when people benefit from a good or service of communal nature and do not pay to enjoy these services.

The free rider has caused a decline in revenues and did not cause the private market to undersupply education to the community

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2 years ago
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