Answer:
An associate's or bachelor's degree in early childhood education is needed to work as a child care director.
Explanation:
Answer:
C. include a credit to the equipment accumulated depreciation account.
Explanation:
Since Lamar Printing Company determines that a printing press used in its operations has suffered a permanent impairment in value because of technological changes. An entry to record the impairment should include a credit to the equipment accumulated depreciation account.
In Accounting, Depreciation can be defined as the decrease in the value of an asset (factory equipment, logistics tools etc) as a result of wear or tear, within a specific period of time. Depreciation is used for the allocation of cost to tangible assets with respect to its life expentency or within its useful life.
Answer:
b. $ 36,000
Explanation:
The fundamental accounting equation is
Assets = Liabilities + Stockholders Equity
Per the data provided in the question regarding changes in account balances
$ 356,000 = $108,000 + (240,000+24,000)
$ 356,000 = $ 372,000
= - ($ 14,000)
Since the data provides that a dividend payment of $ 52,000 has been made, we have to add it to our differential balance to get the income for the year.
$ - 14,000 + $ 52,000 = $ 36,000
