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
EastWind [94]
2 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]2 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

You might be interested in
Hotco oil burners, designed to be used in asphalt plants, are so efficient that Hotco will sell one to the Clifton Asphalt plant
dlinn [17]

Answer:

Hotco

If it occurred, this would constitute a disadvantage for Hotco of the plan described above:

E) A steady increase in the price of oil beginning soon after the new burner is installed.

Explanation:

A steady oil price increase commencing soon after the new burner is installed will obliterate the actual cost savings from which Clifton Asphalt would be paying Hotco for the oil burners.

This is buttressed by the fact of the payment terms that totally depends on the cost savings.

Even the adjustment after two years may not benefit Hotco if the steady increase in the price of oil persists.

5 0
3 years ago
The term externalities refers to Select one: a. regulations imposed on a firm by government. b. a nation that is a trading partn
pogonyaev

Answer:

Option (c) is correct.

Explanation:

During an economic activity between the two parties, if the third party is affected (Positively or negatively) by this economic transaction then this is known as externality.

There are two types of externalities:

(i) Positive externality: When the third party is positively affected by an economic transaction between the two parties.

(ii) Negative externality: When the third party is negatively affected by an economic transaction between the two parties.

Now, suppose there is a steel manufacturing company for the consumers. But the people who lives near this company have to bear the cost of the pollution created by the company. This is a negative externality.

5 0
3 years ago
When the economy experiences an expansion, it is most likely the case that
Degger [83]

Answer:

there is a bigger money pool and became popular

8 0
2 years ago
Read 2 more answers
Not sure how to graph
Furkat [3]
Just place the points where it says to
5 0
3 years ago
Controlling the money supply to achieve desired macroeconomic goals is called
Sergio [31]

Answer:

The answer is monetary policy

Explanation:

Monetary policy is an economic policy that manages the size and growth rate of the money supply in an economy. It is a powerful tool to regulate macroeconomic variables such as inflation, consumption, growth and liquidity.

3 0
3 years ago
Other questions:
  • 4. Dairy Co. sells raw cream directly to the public. Maxwell gets sick after consuming some of Fairy Co.’s raw cream. Maxwell su
    7·1 answer
  • At allen and thomas architects, a group of designers are developing the first drawings for a proposed multiuse office developmen
    13·1 answer
  • Arman sets the goal for his sales team to increase revenue by 40%. which main function of a manager does this demonstrate?
    7·2 answers
  • Easy Appliances Inc. is considering a new inventory system that will cost $100,000. The system is expected to generate positive
    11·1 answer
  • A stock is a written promise to repay borrowed money at a later date; to raise money.
    7·1 answer
  • An individual has a disability income policy with a Change of Occupation clause when he changes to a new more hazardous job. He
    8·1 answer
  • The risk-free rate is 7% and the expected rate of return on the market portfolio is 11%. a. Calculate the required rate of retur
    6·1 answer
  • A car loan requiring quarterly payments carries an APR of 8%. What is the effective annual rate of interest?
    11·1 answer
  • If the Fed increases ​ior enough, such that it will raise the intersection point with the vertical portion of reserve​supply, th
    15·1 answer
  • A person that studies how economic theories such as capitalism, socialism, and
    10·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!