1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Mandarinka [93]
3 years ago
10

Assume instead that the equipment was disposed of in 2022 and the original error was discovered in 2023 after the 2022 financial

statements were issued. Prepare the correcting entry in 2023.
Business
1 answer:
Ganezh [65]3 years ago
7 0

Answer:

No journal entry is required

Explanation:

As if we assume that the disposal of equipment is done in the year 2022 but the original error was discovered in the year 2023 after issuing the 2022 financial statements

Based on the above information, the correct entry for the year 2023 is that no journal entry is required for this transaction and the same is to be considered

You might be interested in
An analysis of comparative balance sheets, the current year’s income statement, and the general ledger accounts of Wellman Corp.
dolphi86 [110]

Answer:

A

Explanation:

8 0
3 years ago
According to the product life-cycle theory, the locus of global production initially switches from the United States to other ad
guapka [62]

Answer:

The correct answer is letter "C": Over time, the United States switches from being an exporter of a product to an importer of the product.

Explanation:

The life-cycle theory proposes that the United States boosted worldwide economic trade exporting their products. At first, the products were delivered to other world developed countries. Over time, those developed countries started to study American products to become manufacturers. This implies competition so to spend fewer costs, the developed countries took their operations to developing nations.

After some time, it is believed that those developing countries are likely to become manufacturers as well at even cheaper costs provoking that the United States begin to import products from the developing nations.

8 0
3 years ago
Match the specifications to the type of creditors.
mote1985 [20]

Sarah - cord source funding

Daphne - government loans because SBA is a government agency.

Pat - venture capital

Albert - asset backed lending because he is using collateral (assets) to secure his loan.




5 0
3 years ago
2. Find the lump sum that must be set aside today to make quarterly payments of $9,000 for 10 years, assuming 8% compounded quar
Svetach [21]

Answer:

i need help

Explanation:

5 0
2 years ago
It is the beginning of the football season for the local college team. Martha redecorates the Coffee Collective with a theme tha
Mamont248 [21]

Answer:

Brand association

Explanation:

Brand equity refers to the value that a product receives from associating with a renowned brand. Brand association is one of the components of brand equity. Brand association refers to those images or symbols that customers identify with a brand.

Organizations try to instill positive image in the minds of customers through brand association. Here, Martha redecorates coffee collective with pictures of players and coaches as way to promote the team as audience will be be able to connect with the team through the images.

5 0
3 years ago
Other questions:
  • Mark is a famous syndicated radio personality for talkradio. he has a distinctive voice and manner of speaking. moretalk hires g
    6·1 answer
  • Which one of the following is a distinguishing feature of a command system? A. Heavy reliance on markets B. Central planning C.
    6·2 answers
  • On July 4, Cullumber's Restaurant accepts a Visa card for a $1,350 dinner bill. Visa charges a 2% service fee. Prepare the entry
    14·1 answer
  • A company had a beginning balance in retained earnings of $44,300. It had net income of $7,300 and paid out cash dividends of $5
    12·1 answer
  • The _____ tells us that the expected return on a risky asset depends only on that asset's nondiversifiable risk.
    6·1 answer
  • What is it called when banks record which account gives up money and which account receives money when a customer writes a check
    15·1 answer
  • Margaret sells hand-knit scarves at a flea market. Each scarf sells for $25. Margaret pays $30 to rent a vending space for one d
    14·1 answer
  • If you have a long position in a foreign currency, you can hedge with:_____.
    13·1 answer
  • Fixed expenses are $531,000 per month. The company is currently selling 4,000 units per month. The marketing manager would like
    15·1 answer
  • Proof-of-Blank______ is a requirement to define an expensive computer calculation, also called mining, that needs to be performe
    13·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!