1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
stich3 [128]
3 years ago
14

The adjusted trial balance for Rowdy Profits Corporation reports that its equipment had cost $240,000. For the current year, the

company has recorded $28,800 of depreciation, which brings the total depreciation to date to $144,000.
Balance Sheet Income Statement
Assets Revenues
Liabilities Expenses
Stockholders’ Equity
Required:

Using the headings shown above, indicate the location and amounts that would be used to report the three items on the company’s balance sheet and income statement. (Any deduction should be entered with a minus sign)
Business
1 answer:
garik1379 [7]3 years ago
6 0

Explanation:

The reporting is shown below:

                                        Income statement

Particulars                  Amount                   Particulars                  Amount          

Depreciation

expense                      $28,800

                                            Balance sheet

Liabilities                    Amount        Assets                     Amount

                                                 Equipment                     $240,000

                                                Less: Accumulated

                                               Depreciation                  -$144,000

                                          Net value of an equipment $96,000

Only these items would be displayed on the income statement and the balance sheet

You might be interested in
Which of the following is acceptable behavior?
xz_007 [3.2K]

Answer:

All of the above.

5 0
3 years ago
When a broker-dealer maintains a firm market in a stock, that broker-dealer is committed to?
Jlenok [28]

When a broker-dealer maintains a firm market in a stock, that broker-dealer is committed to purchasing or sale of up to the stated maximum number of round lots (the standard trading unit of the stock) at the stated price.

This is further explained below.

<h3>What is a firm?</h3>

Generally, A company providing professional services for compensation, such as law or accountancy, is called a "firm." One key tenet of "theory of the company" is that enterprises' primary purpose is to increase shareholder wealth.

In conclusion, By keeping a "firm market," a broker-dealer promises to buy or sell up to the maximum number of round lots (the stock's standard trading unit) at the quoted price.

Read more about the firm

brainly.com/question/19132323

#SPJ1

7 0
2 years ago
If you leave your job when should you notify a dso so that cpt can be removed from your record?
Firdavs [7]
When the rpt and ctd are done being processed
5 0
3 years ago
The time for the current iteration is up and one of the features isn't complete. What do you do?
VARVARA [1.3K]

Answer:

Stop working and add the incomplete feature back into the backlog.

Explanation:

In case a task could not be completed in the current iteration, it is best to add it to the backlog, so that in subsequent iterations it will be completed (giving it priority, of course).  

Of course, it is not convenient to extend the iteration time just to finish the incomplete task. Also, we should not add it directly to the next iteration because we would be altering its structure. So the most appropriate thing to do, is to leave it marked as a priority to be included in the next iterations.

5 0
3 years ago
Why do you think “AMAZON” became successful
JulijaS [17]
I believe that Amazon became successful as a business model by in some ways mimicking Sears model. At first Amazon only sold books and once they had mastered that successfully they were able to put many independent book stores out of business and then focused their energies on every other non perishable item that people needed. They took on toys clothing, food items etc. Sears did this by providing items out of their catalog. Amazon does this from their online app. people create their accounts and can search from their phones and have things sent directly to their homes. The advancement of Amazon can be directly related to the demise of shopping malls.
3 0
3 years ago
Other questions:
  • Bowers looked to the American Political Dictionary to define ‘civil rights’, which are those "positive acts of government design
    6·1 answer
  • If your oil is low when you check it, add __________ of oil to your engine.
    5·1 answer
  • Parr Paper's stock has a beta of 1.442, and its required return is 13.00%. Clover Dairy's stock has a beta of 0.80. If the risk-
    8·1 answer
  • Which of these depend on the requirements and design features of the ehr product?
    15·1 answer
  • An egoist who believed the right goals or actions are the ones that ensure survival
    5·1 answer
  • High levels of both job involvement and psychological empowerment are positively related to ________.A) withdrawal behaviorB) po
    13·1 answer
  • Suppose you just bought an annuity with 11 annual payments of $16,100 at the current interest rate of 12.75 percent per year. a.
    14·1 answer
  • Your grandfather wants to determine the value of his bond portfolio and asks you for help. Find the current market values of the
    6·1 answer
  • If GDP is $15 trillion, how many years will it take for GDP to increase to $30 trillion if annual growth is 2 percent
    7·1 answer
  • Sales reported on the income statement were $690,000. The accounts receivable balance declined $39,000 over the year. Determine
    12·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!