D is the answer I’m sure of it
Answer and Explanation:
The journal entries are shown below:
On September 1
Cash $520
Sales $520
(Being the sale is recorded)
On September 1
Cost of goods sold $220
To Merchandise inventory $220
(Being the cost is recorded)
On September 1
Warranty expense $41.6 ($520 × 8%)
To Estimated warranty liability $41.60
(Being the warranty expense is recorded)
On July 24
Estimated warranty liability $36
To Repair parts inventory $36
(Being the estimated warranty liability is recorded)
Answer:
a. yes no
Explanation:
At the time of contract the service revenue is not been realized because service is been perform and dealer made a promise to perform services in future. So the revenue will be deferred and will be earned or realized when service will be performed in the future. Deferred revenue will be effected and service revenue will not be effected at the time of contract.
Answer:
True
Explanation:
The marketing plan details the strategy that a company will use to market its products to customers. The plan identifies the target market, the value proposition of the brand or the product, the campaigns to be initiated, and the metrics to be used to assess the effectiveness of marketing initiatives.
Answer:
decrease total assets and stockholders' equity
Explanation:
At the time of declaration a liability increases, against dividend expense.
At the time of payment that liability is settled by paying in cash.
Thus net effect of both transactions is decrease in cash and increase in expenses.
If we carefully analyse the options, then
we get that there is decrease in assets in the form of cash and decrease in equity as expenses decrease retained earnings which are owner's equity.
Therefore, correct option is
decrease total assets and stockholders' equity.
