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garri49 [273]
3 years ago
6

Which of the following is a characteristic of both the sales approach for service-type warranties and the expense approach for a

ssurance-type warranties?
a. Estimated liability under warranties
b. Warranty expense
c. Unearned warranty revenue
d. Warranty revenue
Business
1 answer:
user100 [1]3 years ago
3 0

Answer: Unearned warranty revenue

Explanation:

Unearned warranty revenue is usually shown as an unearned revenues in the accrued liabilities during the preparation of the balance sheets.

It should be noted that the unearned warranty revenue is a characteristic of both the sales approach for service-type warranties and the expense approach for assurance-type warranties.

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Kleister Company issues bonds for $100 million and repays a long-term notes payable of $10 million. The company also repurchases
solong [7]

Answer:

TRUE

Explanation:

Kleister Company:

1. Issues bonds for $100 million - INFLOW

2. Repays a long-term notes payable of $10 million. - OUTFLOW

3. The company also repurchases its own shares for $12 million - OUTFLOW

4. Issues stock dividends with a market value of $5 million. - NOT A CASH FLOW

It is therefore true that Net cash flow from financing activities will be: $78 million [100 million - 10 million - 12 million] since the dividends are stock dividends not cash dividends

4 0
3 years ago
In the opinion of the author, an engineer has a moral obligation to whistle blow two additional criteria must be met: the engine
Klio2033 [76]

Answer:

True

Explanation:

Richard De George is known for his work in business ethics. He discussed the conditions to permit whistle-blowing.

According to De George, whistle-blowing is permitted as moral authority when these 3 conditions are met:

1) The harm that will be done by the product [or company action] to the public is severe and considerable.

2) The engineer has told their superiors about their concern

3) The engineer has not received a satisfactory answer from their supervisors and also from other superiors and he is left with no other alternatives.

According to De George, whistle-blowing is mandatory as moral duty when these 2 additional conditions are met:

4) The engineer must have documented evidence that would convince a reasonable observer that his or her view is correct

5) There must be strong evidence that making the information public will in fact prevent the threaten serious harm.

7 0
3 years ago
For a restaurant, the logical activity base for wages expense would be a. number of customers. b. number of employees. c. number
vovikov84 [41]

Answer: The answer is B, the logical activity base for salary expenses is Number of employees.

Explanation:  

For a restaurant, the logical activity base for salary expenses is the number of employees because the more employees you have, the more salary expenses the company will have.

6 0
3 years ago
Drag each label to the correct location on the image.
xeze [42]

Answer:

Tony and Gareth

Explanation:

Basic eligibility requirements for financial student aid are:

  • Be a U.S. citizen or an eligible noncitizen (including a U.S. national or permanent resident) and have a valid Social Security number.
  • Have a high school diploma or GED certificate.
  • Be enrolled or accepted as a student in an eligible degree or certificate program.
  • Earn a minimum GPA.

Tony has still not completed high school, and Miami resident Gareth does not has a social security number.

Keith and Marshall may be eligible for the financial student aid if they meet all other requirements for financial student aid.

7 0
3 years ago
On July 8, Ace, a refrigerator wholesaler, purchased 50 refrigerators. This comprised Ace's entire inventory and was financed un
sergiy2304 [10]

Answer:

<em>OPTION (B) is correct.</em>

Explanation:

Because, already the interest has been improved, then also Cray gets to keep the refrigerator. The consumer in the ordinary course of business buy a good or a product which is free from a security interest even if the customer knows about the agreement which is made during the lending, that is known as security agreement.

Because in security agreement is a agreement which decides that who is lending, have to pay security interest.

4 0
3 years ago
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