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12345 [234]
3 years ago
14

Assume that a $300 payment for rent expense was incorrectly debited to repair expense and correctly credited to cash. the journa

l entry was posted. what would be the correcting entry?
Business
1 answer:
elena-s [515]3 years ago
3 0
$300debited to rent expense .it was fixed so you now start over and debit stain
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True or false: No gain or loss is reported when treasury stock is reissued because GAAP does not consider transactions between a
Likurg_2 [28]

Answer:

The statement is:  True.

Explanation:

When a firm purchases its own shares they become part of the company's treasury stock. This usually happens when the organization intends to sell those shares in the future. According to the General Accepted Accounting Principles (<em>GAAP</em>), the transactions between a firm and its owners are not considered as profit-making. Thus, when a company reissues the treasury stock shares no revenues or losses are recorded.

6 0
3 years ago
carrie's company manufactures household appliances under the brand names best baker and crafty cook, as well as cleaning supplie
kozerog [31]

If carrie's company manufactures household appliances under the brand names best baker and crafty cook, as well as cleaning supplies under the names refresh and mrs. patton's cleaning supplies. this description details carrie's company's product mix.

<h3>What is product mix?</h3>

A product mix can be defined as the amount of  products that are related that a company produced or manufactured  under the same  company brand.

Most companies tend to make use of product mix by producing items that are similar using the same company brand  name for all their items just as in the given scenario in which the company produces or manufactures best baker and crafty cook under the same brand names.

One of the advantage of making use of product mix is that it enables companies to easily get to their customers.

Therefore we can cocnclude that the scenario best illustrate an example of product mix.

Learn more about product mix here: brainly.com/question/10711348

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5 0
1 year ago
Whenever the president of the local public university promotes the institution, he emphasizes the university's price most often
love history [14]

Answer:

<em>Whenever the president of the local public university promotes the institution, he emphasizes the university's price most often because its tuition is much lower than neighboring private colleges, while students still receive a high-quality education with a student-centered faculty. He is positioning the institution based primarily on:</em><em> </em><em><u>the </u></em><em><u>value</u></em><em><u> </u></em><em><u>proposition</u></em>

5 0
2 years ago
Suppose that Congress is considering an investment tax credit, which subsidizes domestic investment. Which of the following accu
Mashcka [7]

Answer:A. Trade balance increases Exchange rate decreases

C. False

D. False

Explanation:

A subsidy on domestic investment will encourage more investment from the populace as the cost of investment will reduce which invariably means more goods are produce, export increase, trade balance increases and exchange rate decrease.

The real Interest rate will equally fall due to the subsidy and domestic investment increases.

3 0
3 years ago
True or false.
Nitella [24]

False because it’s not illegal to break a contact, anyone can you it

Hope I helped and brainlist would be appreciated!

~indya2

5 0
3 years ago
Read 2 more answers
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