Answer:
Debit $ 800,000 to the Asset Account.
Explanation:
With the help of successful efforts process we will find the solution of the given problem .The successful efforts process stated that,if the company are upgrading only those expenses or the cost that are involved with the discovery of oil and the gas then reserves are identified.
- The successful efforts process stated that when the cost of exploration is achieved then the cost of the exploration is capitalized .
- So the sulfur reserves were identified therefore $800,000 in exploration expenses would be debited to the Asset Account.
A promotion is the headway of a worker's rank or position in a hierarchical chain of command framework. Advancement might be a representative's reward for good execution. A manager should ensure nondiscrimination in considering a promotion of an employee.
Answer:
Journal entry recording the interest
Debit Credit
Interest Expense $7,350
Cash $7,000
Interest Payable $350
As $7,000 is paid from the total expense of $7,350. Remaining interest of $350 is recorded as liability in interest payable account.
Answer: Leading function
Explanation: In the leading function of management, the mangers tries to influence the behavior of its subordinates to motivate them so that they work efficiently to achieve organisational goals. This function focuses on employees participation and motivation.
Thus, the quoting of George steinbrenner is an example of leadership as he is motivating others in the organisation.
Answer: yes
Explanation: although the manager was aware of the weather condition, his negligence hampered him from posting a sign to caution incoming customers. This negligence had incurred a damage to his account and he is liable to compensate Kim for negligence
