Utility costs that relate to current year's operations but are not paid until the following year require:
- a debit to Utilities Expense
- a credit to Utilities Payable
<h3>What happens when expenses are not paid?</h3>
Expenses are meant to be paid within the accounting period that they occur and if this does not happen, then they are to be treated as current liabilities in the Balance sheet.
This means that the Utilities Expense account will be debited as is the norm but the account that will then be credited is the Utilities Payable account which is a current liability.
Options for this question:
(Select all that apply.)
- a debit to Prepaid Expense - Utilities
- a debit to Utilities Expense
- no journal entry
- a credit to Utilities Payable
- a credit to Cash
Find out more on recording expense payables at brainly.com/question/16781277
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Answer:
a. work in process inventory
Explanation:
In Business, an inventory is a term used to describe a list of finished goods, goods still in the production line and raw materials that would be used for the manufacturing of more goods in a bid to meet the unending consumer demands.
Simply stated, an inventory can be classified into three (3) main categories; finished goods, work in progress, and raw materials.
An inventory is recorded as a current asset on the balance sheet because it's primarily the most important source of revenue for a business entity.
Also, the three (3) main cost concept associated with an inventory are;
1. First In First Out (FIFO).
2. Last In First Out (LIFO).
3. Weighted average cost.
Goods that are partially completed by a manufacturer are work in process (WIP) inventory.
Answer:
The correct answer is: Task-oriented leadership.
Explanation:
The task-oriented leadership puts emphasis on goal achievement. It is an authoritarian approach by which leaders assign duties, establish a step-by-step plan of actions and set deadlines to make sure every team member knows exactly what their role is to meet the objective parameters.
Hey there,
The answer is <span>Licensing and franchising
Hope this helps :))
<em>~Top♥</em>
</span>
Answer:
<h2>An example of flabby expression among the sentences given in the question is the first second last and the last one or "I worked on the MarkMaster campaign for the period of 35 hours last week.""In very few cases will he return text messages" and "In addition to the above, the client is of the opinion that, as a general rule, Comic Sans font is childish."</h2>
Explanation:
In general English language,a flabby expression can be characterized as the sentence or statement which contains rambling,redundant and unnecessary extra words which affects the clarity of the sentence or expression.These words make the sentence or expression unnecessarily complicated and long.In this instance,the first sentence uses an extra phrase "for the period" which could have been omitted and rewritten as only "I worked on the MarkMaster campaign for 35 hours last week."In the second last sentence given in the question,the phrase "In very few cases" can be replaced by the word "Rarely" thereby shortening the sentence.In the last sentence,the initial phrase "In addition to the above" can be replaced by "Aside from" or "Besides" and the phrase "as a general rule" can also be shortened as "generally".These are the examples of redundant or extra words that convey the original meaning of the sentences but only expands their length and complexity.