Answer:
<em>Purchases</em>
Explanation:
In a permanent process, <em>at the time of the transaction or sale, transactions are automatically debited directly to the stock / inventory rather than to a transaction account</em>.
Any transaction demands stock to be instantaneously credited. Inability to report a purchase would therefore underestimate inventory.
Answer:
Annual Dividend = $0.85
Explanation:
Dividend yield = Annual Dividend / Current price
2.3% = Annual Dividend / $36.75
0.023 x $36.75 = Annual Dividend
Annual Dividend = $0.85
Answer:
Dr Equipment $6,300
Dr Accumulated depreciation $3,780
Dr Loss on disposal $5,040
Cr Machinery $11,340
Cr Cash $3,780
Explanation:
Whispering Company
Journal entries
Dr Equipment $6,300
Dr Accumulated depreciation $3,780
Dr Loss on disposal $5,040
Cr Machinery $11,340
Cr Cash $3,780
Loss on disposal
$6,300+$3780=$10,080
$11,340+$3,780=$15,120
$15,120-10,080=5,040
The answer is state and local governments.
Hope this helps