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cluponka [151]
3 years ago
5

The Mahoney Company failed to accrue Rent Revenue on 12/31/23. The error was discovered on 2/1/24, before any cash was collected

and after the 2023 books were closed. On 2/1/24, Mahoney would record:
Business
1 answer:
My name is Ann [436]3 years ago
3 0

Answer:

Mahoney would record record on the 2023 books A debit to rent receivables

Explanation:

As error of failure to accrue rent revenue on 12/31/2023 was discovered before closing of books, therefore on 02/01/2024 Mahoney would record on the 2023 books "A debit to rent receivables"

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For an activity base to be useful in cost behavior analysis: a) there should be a correlation between changes in the level of ac
lubasha [3.4K]

Answer:

Option A is the correct one

Explanation:

Among the various options given in question statement, option A is correct

Cost behavior analysis is done make management comprehend the impact of various costs change versus changes in activities in various levels of the company. This may involve direct materials, direct labor, and overhead costs. Hence if there is no correlation between changes in the level of activity and changes in costs, then such analysis wont be an effective cost behavioral analysis

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Which deduction from your paystub is paid back later?
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Federal Income tax is paid back later, it is a tribute that taxes the income of natural persons in the United States. It is applied by the Federal Government and it is returned if the tax they owe is less than the sum of the total amount of the withholding tax and the estimated taxes they pay.
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The issuance of common stock and declaration and payment of cash dividends will result in the following:
jeka94

Answer: a. Increase in financing activities for the issuance and a decrease in financing activities for the dividends.

Explanation:

When using the Indirect method of the Cash Flow Statement, you will find 3 sections namely, the Operating Activities, Investing Activities and Financing Activities.

The Operating Activities deal with the normal business Transactions and related entries that keep the business running.

Investing Activities have to do with entries related to Non Current Assets as well as stocks and bonds in other companies.

The above relates to the Financing Section that handles the raising of Capital needed to run the business. They include long term debt and Equity.

When new Equity is announced it is a Cash inflow for the business meaning that there will be an INCREASE in Financing Activities.

Dividends have the effect of reducing Equity so it is a Cash Outflow. This means that there will be a DECREASE in Financing Activities as a result of the declared Dividends.

8 0
3 years ago
Why is gross profit more important than net profit
kozerog [31]
Gross profit shows how much money you made in relation to the cost of goods sold, this calculation is very important when you need to know wether a product is profitable or not. Net profit also substracts the expenses (building machinery,etc).
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an application for health insurance was submitted on may 1 without a premium payment. the underwriter ordered a medical exam, wh
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The coverage became effective on 3rd June on the day collection of first premium .The start of the time frame that the subject(s) of the record group, collection, or archive materials cover.

<h3>How Does Health Insurance Work?</h3>

Simply put, health insurance is a means of financing your medical care. When you are ill or wounded, your health insurance prevents you from having to pay the full cost of medical treatments. It functions similarly to how your house or auto insurance does: either you or your employer choose a plan and agrees to pay a predetermined rate, or premium, each month. Your health insurance consents to cover a portion of your covered medical expenses in exchange.

To know more about 'health insurance' , visit:brainly.com/question/1941778

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