Answer:
d. Debit advertising expense $350, credit accounts payable $350
Explanation:
The advertising expense should be recognized when the economic event occurs, in this case recibing the bill, independently of its payment. This is done with a debit because expenses increase by debits. The credit account is a liability: account payable, which represents an increased on liabilities.
<span>The correct statement on Powerpoint slides, which is a presentation of a series of still images on a projection screen or electronic display device, is that: Powerpoint slides can be quite effective and used best when they are used properly as an enhancement to the speaker's presentation.</span>
Market penetration- quick diffusion and adoption of your product in the marketplace, incentives to be efficient, discouragement of competition and creation of goodwill
proud to development- keeping pace, seizing opportunities, providing opportunities and being newsworthy
market development- gaining new customers, increased revenue and company growth
diversification- minimizing risk of loss, preserving capital and generating returns
Answer:
$36,000
Explanation:
The first step is to calculate the fair value of the new truck
(List price-cash paid with trade)-(original cost -accumulated depreciation)
= (36,000-30,000)-(24,000-16,000)
= 6000-8000
= loss of $2000
Therefore the cost of the new truck for financial accounting purposes can be calculated as follows
(Original cost- accumulated depreciation)+cash paid with trade-loss
= (24,000-16,000)+30,000-2000
= 8,000 + 30,000 - 2,000
= 38,000-2,000
= $36,000
Hence the cost of the new truck for financial accounting purposes is $36,000
