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Strike441 [17]
4 years ago
13

A dance studio received $3,500 cash for services to be rendered in the future. The full amount was credited to the liability acc

ount Unearned Service Revenue. If the services have been rendered at the end of the accounting period and no adjusting entry is made, this would cause ________
Business
1 answer:
Savatey [412]4 years ago
5 0

Answer:

Revenue to be understated

Explanation:

Since the cash is received for rendering the services in the future for $3,500

If no adjusting entry is made it will lead to the understated of the revenue account and overstatement of liabilities account

Plus the adjusting entry would be

Unearned Service Revenue A/c Dr

         To Service revenue

(Being the unearned service revenue is recorded)

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Which pfds would be considered readily accessible?
aivan3 [116]
This question can be found on the test for Boater Safety. The PFDs that can be considered to be readily accessible are those worn by passengers, those kept in open bins near a passengers seat, and the ones that can be grabbed quickly by anyone on board. The PFDs that are not considered to be readily accessible would be any that are sealed in their original plastic bags. The PFDs must be put on in a reasonable amount of time during an emergency. 
4 0
3 years ago
A(n) -Select- is a long-term contract under which a borrower agrees to make payments of interest and principal on specific dates
Hoochie [10]

Answer:

Bond; treasury; degree of risk.

Explanation:

A bond can be defined as a debt or fixed investment security, in which a bondholder (investor or creditor) loans an amount of money to the bond issuer (government or corporations) for a specific period of time. The bond issuer are expected to return the principal (face value) at maturity with an agreed upon interest (coupon), which are paid at fixed intervals.

A bond is a long-term contract under which a borrower agrees to make payments of interest and principal on specific dates. There are four main types reflecting who the issuers are: treasury, corporate, state and local government, and foreign. Each type differs with respect to degree of risk and expected return. All have some common characteristics even though they may have different contractual features.

4 0
3 years ago
Voltanis Corp. has preferred stock outstanding that will pay an annual dividend of $4.29 every year in perpetuity. If the stock
ivolga24 [154]

Answer:

The appropriate choice is Option c (4.25%).

Explanation:

Given:

Annual dividend,

= $4.29

Price per share,

= $101.03

Now,

The required return will be:

= \frac{Annual \ dividend}{Price \ per \ share}

= \frac{4.29}{101.03}

= 0.04246

or,

= 4.25 (%)

4 0
3 years ago
To ________, ricco, an hr manager, used reports from the u.s. bureau of labor statistics and the u.s. census bureau for informat
miskamm [114]

The correct answer is to recruit from the outside the organization. It is because an individual can recruit employees that are coming from either the inside or the outside of an organization. If looking outside, the individual needs to consider the talent that is available in the industry and the geographic area’s labor pool and as well as the training of the people that are graduation. The one responsible for issuing the reports in this type of matter is the U.S. Bureau of Labor Statistics and the U.S. Census Bureau.

7 0
4 years ago
Lindsay is Jon's manager and calls him into her office after everyone else has gone home for the day. She closes the door and te
Ostrovityanka [42]

Answer: Lindsay has not committed a defamation tort

Explanation:

Defamation is when the reputation of an individual in being damaged. In s case whereby one believes that his or her reputation has being damaged by another person, the person sue under the defamation theory.

In the analysis above, we can deduce that Lindsay has not committed a defamation tort.

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3 years ago
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