Answer:
a.asset
b.stockholders' equity
c.expense
d.expense
e.asset
f.asset
g.asset
h.asset
i.revenue
j.liability
k.revenue
l.expense
Explanation:
Assets are economic resources arising from past events, that result in the flow of economic benefits in the future.
Liabilities are present obligation of an entity arising from past event, that result in the outflow of economic benefits.
Revenues and Incomes are increases in Assets and decreases in liabilities.
Expenses are decreases in Assets and increases in liabilities
Equity is the residue that results after deducting liabilities from assets.
In the given situation above, the journal entry will be that the land will be debited for $15,000; and the common stock account will be credited with $10,000 and the additional paid up capital account will be credited for $5,000. So, the given options do not hold true.
<h3>What is a journal entry?</h3>
A chronological recording of financial or accounting transactions of an organization in the journal books of the corporation, as and when they occur, is known as a journal entry.
Hence, the given conditions regarding the journal entry do not hold true.
Learn more about a journal entry here:
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Answer:
The Village
The two reconciliation entries that Village must include in its government-wide financial statements relating to its Bond Liability are:
1. Debit Interest Expense $500
Credit Interest Payable $500
To record the accrued interest expense for the year.
2. Debit Cash $3,000
Credit Bond Liability $3,000
To record the issuance of new bonds during the year.
Explanation:
a) Data and Analysis:
Beginning bond liability = $10,000
Interest Expense $500 Interest Payable $500
Cash $3,000 Bond Liability $3,000
b) The first is to accrue interest expense of $500 and record Interest Payable of $500. The second is to record the new Bonds issued during the year.
Answer: National Institute of Standard and Technology ( NIST)
Explanation:
The mission of NIST is to promote industrial competitiveness by advancing measurement science, standards and technology in ways that enhance economic security and improve quality of life.
NIST also performs several functions like;
- development of standards and guidelines for federal information systems,
- supporting of commerce to facilitate trade,
- cooperating in both international and private efforts to establish standard practices.
Based on the goals of the IS organization that Krysta manages, it can be perceived as a business partner or peer.
<h3>What is a business partner or peer?</h3>
This is a business established by a company to help it achieve its goals by engaging in alternative technological developments that will be beneficial to the parent company.
Krysta is managing an organization that helps her company to strive for more excellence which makes this a business partner.
Find out more on business partners at brainly.com/question/25641198.