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serg [7]
3 years ago
15

What is the effect on the financial statement when a company fails to record depreciation?

Business
1 answer:
Mashutka [201]3 years ago
7 0

Answer:

d. Net income is overstated and assets are overstated

Explanation:

The journal entry to record the depreciation expense is shown below:

Depreciation expense A/c Dr

      To Accumulated depreciation A/c

(Being the depreciation expense is recorded)

But if depreciation is failed to record, then the net income is overstated and assets are overstated as the accumulated depreciation decrease the cash balance and The net income overstated represents the understated in an expense account

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Review stocks and bonds and describe how they differ in regards to corporate financing. Discuss common stock and preferred stock
Fudgin [204]

Explanation:

A preferred stock is a share of ownership in a public company. It has some qualities of a common stock and some of a bond. The price of a share of both preferred and common stock varies with the earnings of the company. Both trade through brokerage firms.

Bond prices, on the other hand, vary with the company's ability to pay. The difference is that preferred stocks pay an agreed-upon dividend at regular intervals. This quality is similar to that of bonds. Common stocks may pay dividends depending on how profitable the company is. Moreover, Prefered stocks dividend are often higher than the common stock.

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3 years ago
​janice is starting a new business and is confused about how to determine the price to set for her product. she comes to you for
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4 years ago
What energy-carrier molecules are produced by glycolysis?<br>​
aev [14]

Answer:

hydrogen

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7 0
3 years ago
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Timmy and Tommy are two casino owners. During their opening day celebration theyeach decide to run a special called the infinite
Dmitrij [34]

Find the given attachment for complete solution

6 0
3 years ago
At Infosoft Solutions, employees are encouraged to take care of their problems by working with one another and with customers, u
likoan [24]

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