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EastWind [94]
3 years ago
9

True or false: It is acceptable accounting practice to initially record prepaid rent in either a balance sheet or income stateme

nt account.
Business
1 answer:
umka2103 [35]3 years ago
4 0

Answer:

False

Explanation:

In the initial period, the prepaid expenses should be recorded in the assets hand side of the balance sheet under the current asset column

But when some adjustments are made regarding this in terms of gains or expenses incurred, the same should be presented on the income statement

Hence, the given statement is false as it is recorded in the assets only during the initial period

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3 years ago
How do I do this? I think I know how But I am not 100% sure! Thanks in advance! I will mark answer the Branliest! Calculate the
Andre45 [30]

Answer:

Break-even point in unit = 250 units

Explanation:

Given:

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Variable cost = $2

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Sales amount = $4

Find:

Break-even point

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Break-even point in unit = Fixed cost / (SP - VC)

Break-even point in unit = 500 / ($4 - $2)

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3 years ago
Which of the following statements about the Arbitrage Pricing Theory (APT) are correct? Check all that apply. The APT maintains
Klio2033 [76]

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Explanation:

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4 0
3 years ago
considering synonymthe web 2.0 is not a new and improved version of the internet. which of the following alternate names most ac
Ludmilka [50]
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7 0
3 years ago
Which of the following factors cause a decline to both price and the quantity being sold?An increase in demand No change in dema
Rina8888 [55]

Answer:

The correct answer is: decrease in demand.

Explanation:

The equilibrium price and quantity are determined through the intersection of demand and supply curves.  

An increase in demand will cause the demand curve to move to the right. This will cause both the price level as well as quantity to increase.  

A decrease in supply will cause the supply curve to shift to the left. This will cause the price to increase and quantity to decline.  

A decrease in the demand curve will cause the demand curve to shift to the left. This will cause the price as well as quantity to decline.

7 0
3 years ago
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