Answer:
d) Debit Expenses $50,000 and Claims payable $100,000; Credit Cash $150,000.
Explanation:
As for the information provided,
There was this law suit against the company from past several years. Where the lawyers already estimated that liability on the company will arise amounting $100,000.
Thus, on the provisional basis such claims of $100,000 would have been provided ideally.
Now, after final judgement the court had cleared about the claim which is $150,000.
Thus, entry to record such claim of $150,000 will be:
Expenses A/c Dr. $50,000
Claims Payable A/c Dr. $100,000
To Cash A/c $150,000
Answer:
what is this i don't know hope I will understand plz don't be angry
<h3>Answer:</h3>
Under the periodic inventory system.
What is periodic inventory system?
Under the periodic inventory system, the cost of goods sold determined at the end of an accounting period by adding the net cost of goods purchased to the beginning inventory and subtracting the ending inventory.
The ethical dilemma is whether u wanna look at the safety at staff or customers or wanna remove the driver from the job bc he could get drunk
Customers and staff- primary stakeholders
staff union and future shareholders of the company bc the image of the bus company will get harmed- secondary stakeholders
i only know the answer to the first 2 hope this helps x!!
Answer:
In United States, the organization has its own outlets on the grounds that the organization S-B has all the assets it requires to open its own stores.
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It just licenses a little segment of its business in U.S and that excessively just to those areas where store network is hard to keep up.
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The organization can without much of a stretch work through its own stores in America and would not need to fear about any opposition from licensees.
Organization S-B works in remote markets significantly through permitting on the grounds that purchasing its own stores in different nations would be expensive and dangerous.
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The organization likewise would not need to stress over the skill of the nearby markets.
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Despite the fact that this system gives lesser returns yet at the same time it is an a lot more secure methodology in contrast with direct venture.
