The answer is: The port side (left)
this light will be used as a code of navigation between each boat drivers that want to pass a pathway in a certain area.
The red light indicates 'stop' so other boats could travel the pathway first and avoiding collision that might happen if both boats pass at the same time
Answer:
The question requires the answering party to pick all that apply as found in the attached.
A. The initial payment will be recorded as an increase to a Prepaid Insurance account.
B. Over time, the expired portion of the policy must be removed from the asset account as it has been used up and is no longer considered an asset.
C. As a portion of the policy expires, the expired portion will be removed and transferred to an expense account.
Explanation:
The initial payment will be recorded as increase to an asset account,prepaid insurance is a correct statement,pending when the insurance cost is cost,
Subsequently,the expired the portion of the prepayment would be removed from the account,hence point B is also correct.
Finally,when the expired portion is removed from prepaid insurance account,it is transferred to insurance expense account,point C is also on point.
Answer:
shoe-leather costs
Explanation:
Inflation is a persistent rise in general price levels.
shoe-leather costs of inflation is the cost in terms of time and effort spent by individuals in reducing their cash holdings in order to avoid paying inflation tax.
Bob's shoe cost of inflation includes :
1. the time and effort expended in going to purchase items immediately he is paid
2. the time and effort expended in converting the money he didn't spend to a more stable foreign currency.
The adjusting entry to decrease the merchandise inventory under <em>the lower of cost or market value computations</em> includes a debit to the Cost of Goods Sold and a credit to the Merchandise Inventory.
The <em>Lower of Cost or Market Value</em> determines the value of inventory based on either the cost of the item or the market value, whichever is lower.
Thus, since the merchandise inventory decreases by the entry, the cost must be higher than the market value.
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