B. Command economy
This is because this is exactly what. Command economy does
Hey according to me c 27 is the answer...
Answer:
(d) Straight-line method (SL), the same convention as used in the first year of depreciation, ADS recovery period
Explanation:
The straight line method is the best to use, the convention to be used is the same as what was used in the first year of depreciation and the recovery period in 2019 is the ADS recovery period.
To decrease annual deduction, it is standardized that ADL is used with straight line method with 31 plus years for a recovery period that is longer.
Answer:
E. as current assets
Explanation:
As we know that the
Balance sheet records the total assets, total liabilities and the stockholder equity
Where
The total assets comprises of current assets, tangible assets, and the intangible assets
And, the total liabilities comprises of current liabilities and the long term liabilities
In the given scenario, the purchase of the newest Dorothy Cannell book be listed on the store's balance sheet. So here, the newest Dorothy Cannel book represent the current asset side of the balance sheet
Answer:
C. debit cash, credit premium on bonds payable and bonds payable
Explanation:
Since the contract rate is greater than the market rate, the bond is issued at a premium. And, the journal entry is shown below:
Cash A/c Dr XXXXX
To Premium on bonds payable A/c XXXXX
To Bonds payable A/c XXXXX
(Being bond is issued at a premium is recorded)
When the bond is issued at a premium, we debited the cash account and credited the premium on bonds payable and bonds payable account
