For long-lived assets that have been in use for more than one accounting period, Depreciation Expense on the debit. Accumulated Depreciation on the credit.
Therefore, the entry that was made by the accountant, assets and stockholders' equity will be decreased.
- Depreciation simple defined as the allocation of the cost of a long-lived, tangible asset over its useful life making an expense on the income statement that is matched against the revenue gotten by the use the asset.
The effect of recording depreciation expense on the accounting equation is that Total assets decrease and Total stockholders' equity decreases
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Answer: The correct answer is "a. establish credibility".
Explanation: Terrance was seeking to accomplish the "establish credibility" goal in the speech introduction.
Among the qualities that every speaker should have is credibility, characterized by three other qualities, which are: honesty, knowledge and dynamism. The credibility also has to do with the good reputation of the speaker to obtain acceptance of his message, in addition to being well prepared, that is, having knowledge, competence and experience on the subject.
Answer:
$ 9,387.50
Explanation:
An asset is any item that the owner considers valuable.
Shares , the cars and figurines are assets as Latoya can attach a value to them.
Total value of the shares = 50 x 35.75 = 1, 787.5
Value of the car = $5,600
Figurines = $ 2,000
Total value of assets = 1,787.50+ $5,600 + $2,000
=$ 9,387.50
Based on the fact that HALE sold the shares to an Investment banker, this cannot be said to be a secondary transaction. The statement is <u>False</u>.
<h3>What is a secondary market share transaction?</h3>
This refers to when shares have already been sold to individuals and institutional investors, and then these entities sell to other entities.
When a company sells directly to an investment bank which then sells it to others, this is a primary market transaction.
Find out more on primary market transactions at brainly.com/question/8017256.
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Answer: Systematic
Explanation: It refers to a method of sampling in which the samples are selected from a population randomly but as per a set criteria and defined interval. The interval is computed by dividing the population with the sample size needed.
In the given case, the quality manager starts taking sample on the on a fixed interval, that is, every 19th car after the ninth car.
Hence from the above we can conclude that the correct option is B.
