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FromTheMoon [43]
3 years ago
11

Exercise 9-16

Business
1 answer:
antiseptic1488 [7]3 years ago
7 0

Answer:

Loss on sale of delivery equipment =  $3,700

Explanation:

The following journal entry to record the exchange for Sheridan’s Delivery Company.

Delivery equipment debit (fair value)                  $2,800

Loss on sale of delivery equipment debit          $37,00 (Note - 1)

Accumulated depreciation debit                         $15,000

Delivery equipment (original cost) credit            $21,500

Note: Calculation: Loss on sale of delivery equipment = cost price of delivery equipment - accumulated depreciation - disposal of delivery equipment.

Loss on sale of delivery equipment = $21,500 - $15,000 - $2,800.

Loss on sale of delivery equipment = $21,500 - $17,800

Loss on sale of delivery equipment =  $3,700

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Employees at an insurance company were complaining about the form used for evaluating employee effectiveness. Their complaints w
jarptica [38.1K]

Answer:

Procedural

Explanation:

-Procedural justice refers to having a fair and transparent process that is used to make decisions.

-Interpersonal justice refers to treating people affected by a procedure in a respectful way.

-informational justice refers to letting people know why certain decisions were made.

-Distributive justice refers to a fair distribution of resources among people.

According to this, the answer is that their complaints were related to procedural justice because when they complaint about the form used for evaluating employee effectiveness they are talking about the process that is used to make the evaluations.

The other options are not right because the situation doesn't refer to how people is treated, the information of the process or the distribution of resources.

8 0
2 years ago
Debt is frequently incurred when plant assets are acquired. For example, debt may be incurred on the purchase of plant assets. D
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Answer:

A. capitalize capitalize

Explanation:

All the expenses incurred to make the asset usable are capitalized and those expenses become the part of cost of that assets for which that are incurred. Interest on debt to purchase an asset and in case to construct the asset both are capitalized, because these expenses are essential to make assets usable for the business.

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2 years ago
Most financial advisors say you'll need about 70 percent of your pre-retirement earnings to comfortably maintain your pre-retire
brilliants [131]

Answer:

False

Explanation:

8 0
3 years ago
Read 2 more answers
Taylor Company has $10,000 of assets, $2,000 of liabilities, and $5,000 of common stock. Based on this information alone, the co
Citrus2011 [14]

Based on this information alone, the company's retained earnings equal $3,000.

<h3>Retained earning</h3>

Using this formula

Retained earning= Assets-liabilities-Common stock

Where:

Assets=$10,000

Liabilities=$2,000

Common stock=$5,000

Let plug in the formula

Retained earning=$10,000-$2,000-$5,000

Retained earning=$3,000

Inconclusion  the company's retained earnings equal $3,000.

Learn more about retained earning here:brainly.com/question/25631040

3 0
2 years ago
5. What is one of the main benefits of volunteering with community organizations while you are still in high school?
LenaWriter [7]

\huge{\textbf{\textsf{{\color{pink}{An}}{\red{sw}}{\orange{er}} {\color{yellow}{:}}}}}

Ur answer is... 4) You will be paid for your time and give you the benefit of saving money for your career education and training

ig this is the best benefit...

  • thanks
  • Hope it helps.
4 0
2 years ago
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