Answer:
Oct 1
DR Cash............................................................................$20,000
CR Common Stock.........................................................................$20,000
Oct 2. No entry required
Oct 3
DR Office Furniture .....................................................$2,300
CR Accounts Payable................................................................$2,300
Oct 6
DR Accounts Receivable.............................................$3,600
CR Service Revenue - Realty services...................................$3,600
Oct 27
DR Accounts Payable ..................................................$850
CR Cash .......................................................................................$850
Oct 30
DR Salaries Expense ....................................................$2,500
CR Cash ..........................................................................................$2,500
Answer:
The month of April
Explanation:
Susan Zupan, a lawyer, accepts a legal engagement in March, performs the work in April, and is paid in May. If Zupan's law firm prepares monthly financial statements, the law firm should recognize the revenue in April because according to revenue recognition principle, revenue should be recognized in the accounting period in which services are performed, and Susan zupan performed the work in April so therefore the firm should recognize the revenue in April.
The banker has a set amount he or she can say yes it ok for the loan .
after that the banker has to ask the manager then the manger has to ask people higher up so what happens is in the bank when they have to get others opinions what happens is they share the cost of the loan if not payed back as a loss to both not just one
Answer: Option C
Explanation: The anti global activist are individuals who are concerned about the environmental effects on globalization. The anti globalist carries the perception that social and economic equality could be achieved without the negative effects of capitalism.
These activist complain that, if the business organisation are made free to trade then the poor countries like in Africa, will sacrifice their environmental duties for the investment from rich countries.
Hence from the above we can conclude that the correct option is c.
Answer:
Equipment transaction price is $72,000
Installation transaction price $5,600
Training transaction price is $2,400
Explanation:
The transaction price of $80,000 should be allocated to the equipment,installation and training based on the individual stand-alone prices of each as calculated below:
Transaction price of an item=transaction price*item stand-alone price/total of stand-alone prices
transaction price is $80,000
total stand-alone prices=$90,000+$7000+$3000
=$100,000
Equipment transaction price=$80,000*$90,000/$100,000
=$72,000
Installation transaction price=$80,000*$7000/$100.000
=$5,600
Training transaction price=$80,000*$3000/$100,000
=$2,400
