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Marat540 [252]
3 years ago
11

If South Dakota's governor reports a budget surplus in 2011, that state government likely:

Business
1 answer:
poizon [28]3 years ago
7 0

The governor of South Dakota reports a budget surplus in 2011 and he states that the government received more taxes in the year than it spent in that year

Explanation:

Budget is the amount that the government plans and spends for the future needs and always the government introduces the budgets in the beginning of the year

Taxes must be paid regularly by the citizens and it is the due responsibility and the report of the taxes paid will be given to the governor an the report will be read and in one such report the governor of Dakota reported that there was a budget surplus the government received more taxes than it spent

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Answer:

stockholer's equity will be overstated by $800.

Explanation:

The adjustment required is to record $800 of supplies used as an expense, hence, by carrying out the adjustment, net income is overstated by $800 so also retained earnings and shareholders' equity.

In other words,the balance that would be left in supplies is opening balance of $200 plus purchase of supplies which is $950 minus the supplies used.

balance of supplies=$200+$950-$800=$350

Option B is wrong the balance expected is $350 and the balance without adjustment is $200,that is $150 understatement not $350

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2 years ago
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Answer:

$30,800

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7 0
2 years ago
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2 and 4

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5 0
2 years ago
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Paula is considering the purchase of a new car. She has narrowed her search to two cars that are equally appealing to her. Car A
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Answer:

Paula should purchase car B.

Explanation:

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3 years ago
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3 years ago
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