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xeze [42]
3 years ago
14

Bledsoe Company received $17,000 cash from the issue of stock on January 1, Year 1. During Year 1, Bledsoe earned $8,500 of reve

nue on account. The company collected $6,000 cash from accounts receivable and paid $5,400 cash for operating expenses. Based on this information alone, during Year 1,A. Part 2Which of the following transactions does not involve an accrual?Recording interest earned that will be received in the next period.Recording salary expense incurred but not yet paid.Recording operating expense incurred but not yet paid.Recording the pre-payment of two years' worth of insurance.B. Part 3The recognition of an expense may be accompanied by which of the following?An increase in liabilitiesA decrease in liabilitiesA decrease in revenueAn increase in assetsPart 4The adjusting entry to recognize work completed on unearned revenue involves which of the following?An increase in assets and a decrease in liabilitiesAn increase in liabilities and a decrease in equityA decrease in liabilities and an increase in equityA decrease in assets and a decrease in liabilitiesPart 5Which of the following would cause net income on the accrual basis to be different from (either higher or lower than) "cash provided by operating activities" on the statement of cash flows?Purchased land for cash.Purchased supplies for cash.Paid advertising expense.Paid dividends to stockholders.
Business
1 answer:
Vsevolod [243]3 years ago
7 0

Answer:

Part 2 Which of the following transactions does not involve an accrual?

  • Recording the pre-payment of two years' worth of insurance. THIS IS AN ASSET EXCHANGE TRANSACTION SINCE IT CREATES AN ASSET ACCOUNT, PREPAID INSURANCE, THAT DECREASES AS TIME PASSES

Part 3 The recognition of an expense may be accompanied by which of the following?

  • An increase in liabilities. EXPENSES ARE NOT ALWAYS PAID IMMEDIATELY, FOR EXAMPLE UTILITIES, THEY FORM A SHORT TERM LIABILITY UNTIL PAID.

Part 4 The adjusting entry to recognize work completed on unearned revenue involves which of the following?

  • A decrease in liabilities and an increase in equity. UNEARNED REVENUE IS A LIABILITY ACCOUNT, AND AS THE WORK IS COMPLETED, REVENUE SHOULD INCREASE, THEREFORE EQUITY WILL INCREASE.

Part 5 Which of the following would cause net income on the accrual basis to be different from (either higher or lower than) "cash provided by operating activities" on the statement of cash flows?

  • Paid advertising expense. IF THE COMPANY PAID ADVERTISING EXPENSES ON ACCOUNT.

Explanation:

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The term consumer sovereignty means that Multiple Choice government is responsible for protecting consumers' interests. what is
JulijaS [17]

The term consumer sovereignty means that what is produced is ultimately determined by what consumers buy.

  • The following are some restrictions on consumer sovereignty: Productive powers: In a capitalist society, the consumer's degree of autonomy is constrained by the collectively held productive abilities.
  • Technical knowledge level: With the current level of technology, any things created must satisfy the consumer.
  • When businesses invite consumers to test products or hear pitches for new ideas, this is an example of consumer sovereignty in action.
  • It grants consumers control over the decision-making process before goods are produced.

What does consumer sovereignty mean?

  • consumer autonomy. the ability of customers to control production. variable market.
  • a transaction in which businesses buy home inputs for production.

Learn more about consumer sovereignty brainly.com/question/2218376

#SPJ4

7 0
2 years ago
Catherine sat down with all of her income details from the past year to calculate the total income she had in that period. After
HACTEHA [7]

Answer:

<em><u>The answer is</u></em>: <u>Net income.</u>

<u />

Explanation:

Net income is a measure of the profitability of a company, or person. It is the income of an amount less the cost of goods sold, expenses, depreciation and amortization, interest and taxes for an accounting period.

<u>For households and individuals</u>, net income refers to gross income, less taxes and other deductions, for example, mandatory pension contributions. It is usually the basis for calculating how much income tax is owed.

<em><u>The answer is</u></em>: <u>Net income.</u>

6 0
3 years ago
Which Theme should I choose for a summer wedding?
hoa [83]

I think you should do a Beach theme. It would be beautiful if you had a pavilion you could get married with the crashing waves behind you! <3

5 0
3 years ago
Read 2 more answers
Mudvayne, Inc., is trying to determine its cost of debt. The firm has a debt issue outstanding with 11 years to maturity that is
ale4655 [162]

Answer:

3.56%

Explanation:

In this question, we use the Rate formula which is shown in the spreadsheet.  

The NPER represents the time period.

Given that,  

NPER = 11 × 2 = 22 years

Present value = $1,000 × 104% = $1,040

Future value = $1,000

PMT = 1,000 × 4% × (6 months ÷ 12 months)  = $20

The formula is shown below:

= Rate(NPER;PMT;-PV;FV;type)

The present value come in negative

So, after solving this, the answer would be 3.56% ( 1.78 × 2)

7 0
3 years ago
You're trying to determine whether to expand your business by building a new manufacturing plant. The plant has an installation
ladessa [460]

Answer:

14.48%

Explanation:

The ARR is the quotient between the average income of a project over his investment cost.

The income will consider depreication and taxes.

We are given with the net income so, we should assueme are already included.

Frist step, calculate average net income.

 

   $ 1,864,300,

+  $ 1,917 ,600

+  $ 1,886,000

<u>+  $ 1,339,500  </u>

   $ 7,007,400 Total return

Now we divide by 4 because there is a total of 4 years

$ 7,007,400 / 4 = $ 1,751,850 Average income

<u />

<u>Now we calculate the ARR</u>

average net income/ investment

1,751,850 / 12,100,000 = 0.144780992 = 14.48%

4 0
3 years ago
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