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3 years ago

Select the account classification that matches with the description.

Business

1 answer:

Trava [24]3 years ago

5 0

Answer:

E. Revenues

Explanation:

The sale of products or services brings about revenue to the business.

The revenue according to the accrual concept is recognized when an entity has performed its obligation of delivering goods or rendering services to its customers.

Sale revenue has the expenses deducted from it in a bid to ascertain the company's profitability or the bottomline

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<span>When determining the value of raw land, there is a relatively fixed amount of supply; therefore, the value of land is primarily determined by demand?

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3 years ago

The ultimate economic burden of a tax is best captured by: A. the marginal tax rate. B. the effective tax rate. C. the average t

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Answer:

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3 years ago

Suppose that the spot price of the US dollar is 1 ($/Canadian dollar) and the one-year forward rate is 1.2 ($/Canadian dollar),

natima [27]

Answer:

6 percent.

Explanation:

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3 years ago

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4 years ago

On January 15, the end of the first biweekly pay period of the year, North Company's payroll register showed that its employees

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Answer:

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Explanation:

General journal debit credit

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Cr FICA - Social sec taxes payable (30,000*6.2%) 1,860

Cr FICA - medicare taxes payable

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Cr Employee union dues payable 260

Cr Salaries payable 23,961

Cr Federal income taxes payable 3,000

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3 years ago