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Effectus [21]
3 years ago
14

An alternative form of the accounting equation is:_______.

Business
1 answer:
lana [24]3 years ago
5 0

Answer:

d. Assets - Liabilities = Stockholders' Equity.

Explanation:

The principle of double entry booking rests upon the accounting equation.  the accounting equation states that (where correct and accurate accounting books are kept), the total asset of a corporation must equal the addition of the corporation's total liabilities and Stockholders' equity.

The following is the basic formula for accounting equation

                                   Assets = Liabilities + Stockholders' equity

Rearranging the above basic equation, we have the  alternative form of the accounting equation.

                                    Assets = Liabilities + Stockholders' equity

Subtract Stockholders' equity from both sides of the equation

Assets - Stockholders' equity = Liabilities + Stockholders' equity -  

                                                     Stockholders' equity

                  Assets - Liabilities =  Stockholders' equity

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3 years ago
Why do i sometimes need to chose between my wants and needs
maksim [4K]

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Explanation:

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Chelsea's house is for sale, and she is selling it through a real estate agent. The house is listed, and any licensed agent may
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Answer: Invitees.

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3 years ago
Mobile marketing has a unique ability to empower users by connecting with them individually and continuously. This socially netw
Luba_88 [7]

Mobile marketing has a unique ability to empower users by connecting with them individually and continuously. This socially networked world will lead to connected users having more direct interactions with sellers.

What is Mobile marketing?

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7 0
1 year ago
In 2013, Space Technology Company modified its model Z2 satellite to incorporate a new communication device. The company made th
jeyben [28]

Answer:

1. Dec 31

Dr Research and Development Expense $3,180,000

Cr 2013 Patent $3,180,000

2. Dec 31

Dr Equipment $60,000

Cr 2013 Patent $60,000

3. Dec 31

Dr Research and Development Expense $10,000

Cr 2013 Accumulated Depreciation - Equipment $10,000

Explanation:

1. Preparation of the Journal entry to Record the correcting entry to expense

Dec 31

Dr Research and Development Expense $3,180,000

Cr 2013 Patent $3,180,000

(Being To record research and development expense )

Calculation for the Total amount of theresearch and development expense

Basic research to develop the technology $2,000,000

Engineering design work $680,000

Development of a prototype device $300,000

Testing and modification of the prototype $200,000

TOTAL research and development expense $3,180,000

2. Preparation of the journal entry to Record the correcting entry to capitalize the cost of equipment

Dec 31

Dr Equipment $60,000

Cr 2013 Patent $60,000

(Being To correct cost of equipment capitalized to patent)

3. Preparation of the Journal entry to Record the correcting entry to record depreciation on equipment

Dec 31

Dr Research and Development Expense $10,000

Cr 2013 Accumulated Depreciation - Equipment $10,000

(Being To record research and development expens

4 0
3 years ago
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