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ddd [48]
3 years ago
14

2. Mr. Bryan will purchase gifts for his 6 sons,

Business
1 answer:
aleksklad [387]3 years ago
3 0

Answer:

810 for the sons' gifts.

Explanation:

You would ignore the information about the daughter, it's only placed there to confuse you. All you have to do is multiply 6 by 135.

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Because of limited liability, individuals are more willing to invest in corporations than in other forms of business.
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The answer to this question is TRUE
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2 years ago
The issuance of notes payable for borrowing is classified in the statement of cash flows as a(n): Multiple Choice Operating acti
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The transaction of the issuance of notes payable for borrowing will be classified in cash flows statement as a Financing activities.

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Therefore, the Option C is correct.

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8 0
2 years ago
Which of the following statement is not true for capital budgeting?
nikklg [1K]

Answer:

a.

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8 0
2 years ago
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The balance in the supplies account before adjustment at the end of the year is $873. The proper adjusting entry if the amount o
yan [13]

Answer:

Explanation:

The proper adjusting entry is as follows

Supplies expense A/c Dr $603

             To Supplies A/c $603

(Being supplies account is adjusted)

The supplies expense is computed by

= Supplies account balance - supplies on hand  at the end of the year

= $873 - $270

= $603

Basically we debited the supplies expense account and credited the supplies account so that the proper posting could be done.

7 0
2 years ago
GAAP includes which of the following pronouncements: Multiple Choice Statements of Financial Accounting Standards. Accounting Re
natima [27]

Answer:

All of the choices are correct.

Explanation:

GAAP is an acronym for Generally Accepted Accounting Principles, it comprises of the accounting standard, procedures and principles used by public institutions in the United States of America. The U.S GAAP is issued by the Financial Accounting Standards Board (FASB) and adopted by the U.S. Securities and Exchange Commission (SEC).

GAAP includes each of the following pronouncements:

Statements of Financial Accounting Standards, Accounting Research Bulletins, Accounting Principles Board Opinions.

For external reporting purposes, United States of America, Generally Accepted Accounting Principles (GAAP) allows companies to use only the traditional format of the income statement.

United States of America, Generally Accepted Accounting Principles (GAAP) is the accounting principles, procedures and standard issued by the Financial Accounting Standards Board (FASB) and adopted by the United States of America, Securities and Exchange Commission (SEC).

When accountants prepare and compile financial statements for public firms, it must be in line with United States of America, Generally Accepted Accounting Principles (GAAP).

5 0
3 years ago
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