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NeTakaya
3 years ago
10

Fill in the blank

Business
1 answer:
gizmo_the_mogwai [7]3 years ago
8 0

It's all part of promotions

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The equipment has an estimated useful life of ten years and an expected salvage value of 20 percent. Gravity Hospital’s December
ch4aika [34]

Answer:

The cost of the equipment when it was acquired on January 1, 2011 is $10000

Explanation:

10000÷5=2000

2000*10=20000

     

20000 80%    

    X 100%  X=25000  

     

25000*20%= 5000 25000-20000=20000  

2011  2000    

2012 2000    

2013 2000    

2014 2000    

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8 0
3 years ago
The entry to accrue a contingent liability reduces equity but not income. is made if it is more likely than not that the liabili
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Answer:

is made if it is more likely than not that the liability has been incurred.

Explanation:

When contingent liability is recorded it is recorded by debiting income statement and creating a liability in balance sheet, also it is not accounted for until the amount of liability is pretty certain as without being clear about its occurrence and the amount involved the liability cannot be recorded.

There is no such loss account, there exists only income statement.

Therefore, with the above we can conclude that contingent liability is recorded only if:

is made if it is more likely than not that the liability has been incurred.

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3 years ago
When countries trade, their consumers have access to
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Answer:When countries trade, their consumers have access to raw goods at cheaper prices, workers will produce better goods for export, and countries will become Richer..

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The Berne Conventions provides for international protection of copyrights.<br><br> True<br> False
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False thank me later guys :)
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When the price of insulin was $10 consumers demanded 100 units, when the price was $15 consumers demanded 100 units, and when th
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