Answer:
The owner's equity be as of December 31, 20Y7 is $705
Explanation:
In this question, we apply the accounting equation which is given below
Total assets = Total liabilities + shareholder's equity
The question has said that the liabilities are decreased and the assets are increased.
So, the new asset is = total assets + increased amount
= $1,000 + $130
= $1,130
And, So, the new liability is = total liabilities - decreased amount
= $450 - $25
= $425
So, the shareholder equity would be equal to
= $1,130 - $425
= $705
Hence, the owner's equity be as of December 31, 20Y7 is $705
<span>Employers normally require employees to pay a large portion of thecost of the life insurance benefit.</span>
Answer:
True
Explanation:
It's True because you have to deduct from the total Accounts Receivable the balance in the Cr Allowance for Uncollectible Accounts estimated.
The company estimate that 2% of the total Credit Sales will be uncollectible, which is, $4,000, if we deduct this value of the balance of accounts receivable of $38,000, we have a Net Realizable Value of Accounts Receivable of $34,000
Credit Sales $ 200,000
Cr Allowance for Uncollectible Accounts $ 4,000
Dr Accounts receivable $ 38,000
Net Realizable Value of Accounts receivable $ 34,000
Options :
A. utilize their own aircraft.
B. have extensive ground networks.
C. have accurate, real-time tracking systems
D. all of the above
Answer:
D
Answer:
<em>At year-end, companies that utilize accrual-based accounting systems complete the measurement process through</em><em> </em><em><u>posting</u></em><em><u> </u></em><em><u>of </u></em><em><u>adjusting</u></em><em><u> </u></em><em><u>entries</u></em>
