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Tasya [4]
3 years ago
10

Identify the statement below that is incorrect. A) The normal balance of accounts receivable is a debit. B) The normal balance o

f dividends is a debit. C) The normal balance of unearned revenues is a credit. D) The normal balance of an expense account is a credit. E) The normal balance of the common stock account is a credit.
Business
2 answers:
Ulleksa [173]3 years ago
7 0

Answer: the normal balance of an expense account is credit!

Explanation:

a_sh-v [17]3 years ago
3 0

Answer:

D) The normal balance of an expense account is a credit.

Explanation:

We know that

The debit sections report assets and expenses side while sales, stockholder equity, and the liability side are reported in the credit section.

So as per the given options, the incorrect answer is D as expense account has a debit balance but the question it is given that the expense account has a credit balance that is totally wrong.

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Digital Enterprise, Inc., promises to pay its employees a year-end bonus "if profits continue to be high and management agrees a
barxatty [35]

Answer:

D) An illusory promise

Explanation:

An illusory promise is not enforceable. Illusory promises are simply illusions that seem or appear to a contract, but are not.

In this case, there is no consideration at all, therefore none of the parties is bound by a contract. It would be different if the company promised to pay a bonus if its profits are xx%. How can someone determine what is considered high profits, and how can you be sure that management will agree?

It is basically like telling someone else that you will give them something if you are happy and willing to do it. How can someone determine if you are happy or not, and how can someone know if you are willing to do it or not?

6 0
2 years ago
Zeta, Inc., a calendar year taxpayer, suffers a casualty loss of $45,000. Zeta recovered insurance of $30,000. How much of the c
mezya [45]

Answer:

$15,000

Explanation:

Calculation to determine How much of the casualty loss will be a tax deduction to Zeta, Inc.

Using this formula

Casualty loss tax deduction=Casualty loss-Insurance recovered

Let plug in the formula

Casualty loss tax deduction=$45,000-$30,000

Casualty loss tax deduction=$15,000

Therefore the amount of the casualty loss that will be a tax deduction to Zeta, Inc. is $15,000

3 0
2 years ago
A channel of distribution: A. is any series of firms or individuals who participate in the flow of goods and services from produ
Illusion [34]

Answer:

A. is any series of firms or individuals who participate in the flow of goods and services from producer to consumer or final user.

Explanation:

6 0
2 years ago
He was very excited by the new features of windows 95.
Irina18 [472]

What's the question?

5 0
3 years ago
According to the National Business Ethics survey, if senior management in a company wants to boost or ensure ________ ________,
liq [111]

Answer:

- Ethical Behavior.

Explanation:

The National Business Ethics Survey revealed that senior management is required to <u>begin with taking the responsibility and enforcement in case they are willing to improve 'ethical behavior' in the company</u>. Ethics begins with taking the accountability of the actions or decisions taken as it encourages fellow employees to follow the norms or policies of the company. It promotes maintaining the moral conduct and standards of the company. This would assist in preventing discrimination and fulfilling corporate responsibilities.

6 0
3 years ago
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