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ivanzaharov [21]
3 years ago
9

Review the transactions below and select the one that would be journalized in a general journal when specialized journals are us

ed within the business.
A. Purchasing equipment by issuing a check
B. Receiving a cash payment from a customer
C. Purchasing inventory on account
D. Purchasing equipment by issuing a note payable
Business
1 answer:
nignag [31]3 years ago
4 0

Answer:

The correct option is D,purchasing equipment by issuing a note payable

Explanation:

Issuing check to pay for equipment purchase,receipt of cash from a customer as well as purchase of inventory on account are all usual transactions that take place regularly within a business ,hence do not require any specialized journals in posting them in the books of account.

However,purchase of equipment by issuing a note a more complex transaction that seldom occur,it is important to reflect in the accounts in a special way in order to draw attention to it that it is a special transaction that should be handled different from other transactions

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As a businessperson planning to open a new small business, you know that the business plan should not contain
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Answer:

Pages and pages of detailed facts and figures

Explanation:

Endless pages of detailed fact and figures are not necessary for a new small business a concise and financial information should suffice.

There are three primary parts to a business plan:

The first is the business concept, where you discuss the ibusiness you are in to, your business structure, your particular product or service, and how you plan to make your business a success.

The second is the marketplace section, in which you describe and analyze potential customers (target market): who and where they are, what makes them buy and so on. Your unique niche and selling point Here, you also describe the competition and how you'll position yourself to beat it.

The financial section contains your income and cash flow statement, balance sheet and other financial ratios, such as break-even analyses. This part may require help from your accountant and a good spreadsheet software program.

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3 years ago
Ben and Chris combined their love of football with a business venture. They purchased a small portable cart and began selling fo
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Answer: Option C

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3 years ago
Adams Moving and Storage, a family-owned corporation, declared a property dividend of 1,200 shares of GE common stock that Adams
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Answer:

Explanation:

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           To Property Dividends Payable $37,200

(Being the entry is made on declaration date)

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3 years ago
The _____ quality attributes are embedded in the total product, that is, the physical or core product and all the additional fea
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If I've got it right, the answer with missing word looks like this: The market-perceived quality attributes are embedded in the total product, that is, the physical or core product and all the additional features the consumer expects.
6 0
3 years ago
Cash flows from investing activities include: Multiple Choice Cash outflows from acquiring land. Proceeds from the issuance of c
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Cash flows<em> from investing</em> activities contain the following things and include:

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According to the given question, we are asked to state what the cash flow from investing activities contains based on the list of available choices.

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Therefore, the correct answer is Cash outflows from acquiring land

Read more cash flows here:

brainly.com/question/735261

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