A company records an adjusting journal entry to record $10,000 depreciation expense. Which of the following describes the entry?
Select one: (A) Debit Property Plant and Equipment and Credit Cash (B) Debit Depreciation expense and Credit Property Plant and Equipment (C) Debit Depreciation expense and Credit Cash (D) Debit Property Plant and Equipment and Credit Depreciation expense (E) Debit Net Income and Credit Property Plant and Equipment Clear my choice
(B) Debit Depreciation expense and Credit Property Plant and Equipment
Explanation:
the depreciation is the accrued expense recognize for the effect on time on the firm's assets. There is no cash involve in a depreciation It is an accounting expense. So A and C cannot be coorect.
As the depreciation is an expense, it will be debited. not credited. so D is incorect as well.
The net income is a figure which resumes the expenses and revenues of the company. It is not an account thus, it can't be debited or credited. Making E incorrect as well.
The consumption possibility can be gotten from three different factors, it could be gotten from opportunity for trade, production set and also from consumption behavior.
Involving in trade would reduce the prices of goods for consumers, especially in a country that is involved in importation. It creates gains for consumers. Therefore it can be said that trade is a key to better consumption possibilities.
A multinational organization is a company that carries out its business activities in many different countries at the same time.
As such, it is a company that operates in various countries.
Examples of such companies are Google, Microsoft, Shell, Mobil etc.
Since Fadeson, Inc., reported that it owns and operates 265 companies worldwide with 23% of its sales coming from Europe, 18% from Asia, 46% from the U.S., and 13% from other parts of the world, Clearly, Fadeson exemplifies a multinational cooperation.
Membership in the Knights of Labor was: open to all working people, including employers.
<u>Explanation:</u>
The Knights of Labor was a particularly growing team and the primary leading national labor party in the United States. Most of the utmost earlier associations restrained membership to proficient workers those with specific practice in a craft and white fellows. It dawned as a covert group proposed to defend its members from employer retaliations.
Emigrants, African Americans, and gentlewomen were also esteemed as members. the Knights of Labor gained patron amidst coal excavators in Pennsylvania, and with railroad operators By 1886, the Knights pretended more than 700,000 members everywhere.
