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Vladimir79 [104]
3 years ago
11

A seller received a rental payment of $100 in advance. At closing, the seller has "earned" only $32 of this rent. What should ap

pear on the closing statement?
Business
1 answer:
allsm [11]3 years ago
3 0

Answer:

$68 appears as the amount unearned but received (or still paid in advance) in the closing statement

Explanation:

Amount received in advance = $100

Amount earned = $32

Amount (in advance at closing) is the difference between the amount originally paid in advance and the amount earned

Amount (in advance at closing) = $100 - $32

                                                    = $68

The amount that will appear in the closing statement as rental payment still in advance is $68.

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Popson Inc. incurred a material loss that was unusual in character. This loss should be reported as:
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Popson Inc. incurred a material loss that was unusual in character. This loss should be reported as: a line item within income from continuing operations.

<h3><u>Explanation:</u></h3>

Any income or loss that was incurred during the continuous operations of any segment of business or in the continuous operations of any segment of business will be either represented as after tax gain or loss on selling the business segment and the after tax effect of the operations of the discontinued business segment.

The areas such as expenses, revenues, loss and gain and those excluding the   operation discontinued and extra ordinary items will included as the income from continuing operations.In the example given, the company has material loss during its operations and hen it should be reported as a line item within income from continuing operations.

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3 years ago
When marketing objectives are attainable and challenging, they motivate those charged with achieving the objectives. Question 2
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It is true that when marketing objectives are attainable and challenging, they motivate those charged with achieving the objectives.

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Marketing involves promoting a particular products.  It involves setting an objective which when attainable will make the workers happy and willing to do more even when tedious.

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4 0
2 years ago
Cruz trading's beginning and ending balance accounts receivable for the year were $30,000 and $200,000 respectively, while the c
yulyashka [42]
The answer is "$655,000".

Beginning balance = <span>$30,000
</span>Ending Balance = <span>$200,000 
</span><span>Credit sales = $825,000

</span><span>Cash collections from customers for the year = credit sales - (ending balance - beginning balance)

= </span>$825,000 - ($200,000 - $30,000)
= $825,000 - $170000
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6 0
3 years ago
On January 1, Year 1 Residence Company issued bonds with a $50,000 face value. The bonds were issued at face value. They had a 2
DENIUS [597]

Answer:

Dr Cash account 50,000

Cr Bonds Payable account 50,000

Explanation:

The company received $50,000  in cash. Since cash is an asset and it increased when the bonds were issued, it should be debited.

The company has to pay bonds worth $50,000. Since bonds payable is a liability and it increased when the bonds were issued, it should be credited.

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3 years ago
Employees' self-efficacy level can be increased by:
vlada-n [284]
A. Showing them the training success of their peers who are now in similar jobs.
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3 years ago
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