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3 years ago

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A business provided services to a cash customer to record this transaction A. an asset is debited, and a liability is credited.

B. an asset is debited, and a revenue is credited. C. an expense is debited, and Capital is credited. D. None of the above

1 answer:

velikii [3]3 years ago

3 0

<span>To record this transaction it would be an asset is debited, and a revenue is credited. </span>

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Homer Corp. is considering the purchase of a new piece of equipment. The cost savings from the equipment would result in an annu

kotegsom [21]

Answer:

$165,000

Explanation:

The computation of the annual net cash flow is shown below:

But before that first we have to find the depreciation expense which is

= (Initial cost - Salvage Value) ÷ estimated life

= ($400,000 - $75,000) ÷ 5 years

= $65,000

Now the annual net cash flow is

= Depreciation expense + Net Income

= $65,000 + $100,000

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We simply added the depreciation expense and the net income so that the annual net cash flow could come

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When a distributor is involved in international trade, there are two sets of invoices: one set between the exporter and the dist

Tanzania [10]

Answer:

A. True

Explanation:

Invoices also called bills in accounting is used for recording sales transactions and to account for requests and receipts for payments.

If a distributor becomes involved in trade beyond national borders, Two sets of invoices are used. The international trade invoices (1st set of invoices) being the transaction details between the seller (exporter from other country) and the buyer who is the distributor (importer). While the local or domestic involves (2nd set of invoices) would show transaction details between the distributor (who's now the seller) and the buyers or customers.

This happens because the two transactions are separate containing separate information of seller's and buyer's name, addresses, contacts details, tariffs or taxes and so on.

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3 years ago

lilavasa [31]

The answer will be B. It increased

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3 years ago

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The foreign corrupt practices act of 1977 makes it illegal for u.s. firms to select one:

diamong [38]

The answer is <span>a. attempt to make large payments or bribes to influence policy decisions of foreign governments.</span>

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3 years ago

Managerial accounting information: Select one: a. follows GAAP in the reporting process. b. can be tailored to the needs of the

saveliy_v [14]

Answer:

b. can be tailored to the needs of the internal user.

Explanation:

Managerial accounting information is basically for internal users, and is not aimed to provide information to external users. It aims of future projections.

It need not follow the US GAAP process, as there is no statutory requirement.

Shareholders are considered external for this purpose, as internal ones are, management, employees, labor etc:

Therefore, it does not help shareholders.

It does not report any kind of business results, it only aims to regulate transactions and accordingly planning future goals.

Therefore, correct option is

b. can be tailored to the needs of the internal user.

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3 years ago