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
Wittaler [7]
3 years ago
5

Earning revenue ____________________ a. decreases assets, increases liabilities b. increases assets, decreases stockholders' equ

ity c. increases one asset, decreases another asset d. increases assets, increases stockholders' equity
Business
1 answer:
guajiro [1.7K]3 years ago
3 0

Answer:

d.  increases assets, increases stockholders' equity

Explanation:

The journal entry for earning revenue is shown below:

Cash A/c Dr. XXXXX

      To Sales revenue A/c XXXXX

(Being revenue is earned)

Since the revenue is earned so we debited the cash account which increases the asset balance and credited the sales revenue account which increases the stockholders' equity balance.

You might be interested in
Manny's manager wants to add each client's birthday to the database. manny will need to _____.
AnnyKZ [126]
Insert A new field... C.

3 0
3 years ago
Read 2 more answers
Which statement best summarizes the role of businesses in the flow of
Tems11 [23]

Answer: D

Explanation:

apex

5 0
2 years ago
Holiday Laboratories purchased a high-speed industrial centrifuge at a cost of $440,000. Shipping costs totaled $30,000. Foundat
Yakvenalex [24]

Answer:

d. $489,500

Explanation:

The capitalized cost will include all the costs incurred by Holiday laboratories to readily make the asset for use.

Therefore,

Capitalized cost = High speed industrial centrifuge + Shipping cost + Foundation cost + Equipment cost + Labor and testing cost + Material cost

= $440,000 + $30,000 + $8,600 + $3,000 + $5,300 + $2,600

= $489,500

7 0
3 years ago
The phrase leadership praise followers in public private is really a statement concerning what two important parts of communicat
taurus [48]

The phrase leader should praise followers in public and punish them in private is really a statement concerning what two important parts of communication?

Answer:

Encoding and Decoding

Explanation:

The two important parts of communication in this situation is known as Encoding and Decoding

Here the Encoding means that the sender that is leader, sends the message that is praise in the public, to an effect, that is using certain symbols including actions, words, etc, such that the receiver can quickly grab the message.

At the same time, with the Decoding, the receiver that is followers quickly understood the message, that is praise in the public or punishment in the private, in a way that the meaning of the message is not lost.

Hence, in this case, the correct answer is Encoding and Decoding.

4 0
2 years ago
Helen, who is single, is considering purchasing a residence that will provide an $18,000 tax deduction for property taxes and mo
GenaCL600 [577]

Answer:

amount of tax saving is $4320

Explanation:

given data

tax deduction = $18000

marginal tax rate = 24%

effective tax rate = 20%

to find out

amount of tax saving

solution

we know tax saving formula that is

tax saving = tax deduction × marginal tax  ........................1

so now put here all value in equation 1

tax saving = tax deduction × marginal tax

tax saving = 18000 × 24%

tax saving = 18000 × 0.24

tax saving = 4320

so amount of tax saving is $4320

4 0
2 years ago
Other questions:
  • I need help with Family and Consumer Science questions! If you do not know do not answer!
    11·1 answer
  • A client is admitted to the hospital with weakness in the right extremities, and speech that is slightly slurred. A diagnosis of
    7·1 answer
  • On his way home from work, Phil stopped at a shopping center. He parked in front of the dry cleaner, where he could pick up his
    5·2 answers
  • Thornton Chicken Corporation processes and packages chicken for grocery stores. It purchases chickens from farmers and processes
    9·1 answer
  • Ratio analysis:___________.
    11·1 answer
  • An adjusting entry for accrued expenses involves: (Select all that apply.) debit to an expense credit to an expense credit to a
    5·1 answer
  • Piper Corporation’s standards call for 1,000 direct labor-hours to produce 250 units of product. During October the company work
    6·1 answer
  • A firm has a required return of 14.2% and a beta of 1.63. If the risk-free rate is currently 5.4%, what is the expected return t
    5·1 answer
  • Variable Fixed Output Marginal Total Total Marginal cost
    9·1 answer
  • Which of the following is a disadvantage of being a private limited company?
    11·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!