4 years ago

At the start of this year 18 months rent was paid. At the year's end how will this affect the balance sheet

Business

2 answers:

Soloha48 [4]4 years ago

5 0

The correct answer to your questions is "Assets will be decreased."

NemiM [27]4 years ago

4 0

At the end of the year the item of the prepaid rent which included in the current assets would be decreased by 12 months rent of the year and would be shown the balance of 6 months rent for the coming year

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Sidewinder, Inc., has sales of $686,723, costs of $335,000, depreciation expense of $80,000, interest expense of $45,000, and a

algol13

Answer:

The addition to retained earnings is $95,751.

Explanation:

Addition to the retained earning is the net value of net earning of the year and dividend payment.

Net income

Sales $686,723

Costs ($335,000)

Gross income $351,723

Depreciation Expense ($80,000)

Income before interest and tax $271,723

Interest Expense ($45,000)

Income before tax $226,723

Tax 22% ($49,879)

Net Income $176,844

Addition to Retained Earning = Net Income - Dividend Payment

Addition to Retained Earning = $176,844 - $81,093

Addition to Retained Earning = $95,751

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3 years ago

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Komok [63]

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When we evaluate the responsiveness of the demand for any good towards the change in the price of a related good is known as cross price elasticity of demand and it is always measured in terms of percentage.

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3 years ago

MacKenzie Company sold $620 of merchandise to a customer who used a Regional Bank credit card. Regional Bank deducts a 5.0% serv

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Answer:

DR Cash $589

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(To record sales via credit card)

Working

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3 years ago

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