1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
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:

You might be interested in
A regional automobile dealership sent out fliers to prospective customers indicating that they had already won one of three diff
Bas_tet [7]

Answer:

the requirements are missing, so I looked for a similar question.

<em>a. How many fliers do you think the automobile dealership sent​ out? </em>

<em> b. Using your answer to​ (a) and the probabilities listed on the​ flier, what is the expected value of the prize won by a prospective customer receiving a​ flier? </em>

<em> c. Using your answer to​ (a) and the probabilities listed on the​ flier, what is the standard deviation of the value of the prize won by a prospective customer receiving a​ flier?</em>

a) the total fliers sent out = 31,246 + 1 + 1 = 31,248

b) expected value = [(1 x $28,000) + (1 x $100) + (31,246 x $5)] / 31,248 = $5.90

c) σ² = [($28,000 - $5.90)² x 1] + [($100 - $5.90)² x 1] + [($5 - $5.90)² x 31,246] / 31,248 = ($783,669,634.80 + $8,854.81 + $25,309.26) / 31,248 = $25,080.13

σ = √$25,080.13 = $158.37

4 0
3 years ago
Selecting a job based on your skills and interests is important, because on average, a person with a full time job works approxi
WINSTONCH [101]
C. 2000 hours a year.

Hope it helps!
6 0
2 years ago
Mika decides to rent instead of buy because it is the cheapest option over the first 3 years. his move-in costs are one month's
Vika [28.1K]
Its "C" 828 i just took the test 
4 0
3 years ago
_____ is the act of negotiating with employers regarding employment issues by employees who are members of a union.
jek_recluse [69]

Answer:

Collective bargaining

Explanation:

Collective bargaining is the process in which working people, through their unions, negotiate contracts with their employers to determine their terms of employment, including pay, benefits, hours, leave, job health and safety policies, ways to balance work and family, and more.

3 0
2 years ago
A national restaurant chain encourages its customers to use its website as a means of providing comments about their experiences
lara31 [8.8K]

Answer:

The correct answer is (D)

Explanation:

The restaurant is using a micro-marketing technique which is an efficient and effective tool to measure marketing campaign. Micro-marketing method is used by the restaurant to help them understand the assessment of the customers and to make necessary changes. Micro-marketing technique is used to target a small group of customers. In this case, the restaurant is targeting customers who use the restaurant website.

7 0
3 years ago
Other questions:
  • Round to the nearest unit.Happy Pet, Inc., is a large pet store located in Long Beach Mall. Although the store specializes in do
    12·1 answer
  • Paulson Company issues 6%, four-year bonds, on January 1 of this year, with a par value of $200,000 and semiannual interest paym
    12·1 answer
  • A speaker talking about the benefits of cosmetic surgery to an audience primarily of women is appealing to which level of needs
    7·2 answers
  • The following income statement and balance sheets for Virtual Gaming Systems are provided.
    9·1 answer
  • The financial statements for Castile Products, Inc., are given below:
    8·1 answer
  • Find an online news article related to tort law and write a 3 to 5 sentence response tying the article to at least one key conce
    10·1 answer
  • Garcia Co. sells snowboards. Each snowboard requires direct materials of $113, direct labor of $43, and variable overhead of $58
    11·1 answer
  • What is an asset in accounting <br>​
    8·1 answer
  • 40! Points it’s an easy question !!!!!
    13·1 answer
  • Paper currency that has been declared legal tender but is not convertible into coins or precious metals is called ________ money
    9·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!