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
stich3 [128]
3 years ago
12

The following accounts appear in an adjusted trial balance of Blaine Auto Service Company. Indicate whether each account would b

e reported in the (a) current assets, (b) property, plant, and equipment, (c) current liabilities, (d) long-term liabilities, or (e) stockholders' equity section of the December 31 balance sheet of Blaine Auto Service Company. 1. Retained Earnings 2. Accumulated Depreciation 3. Unearned Revenues 4. Mortgage Payable (due in 6 months) 5. Equipment Property, Plant, and Equipment 6. Notes Payable (due in two years) 7. Cash Current Assets 8. Accounts Receivable
Business
1 answer:
valkas [14]3 years ago
4 0

Answer:

          Account                                     <u>To be indicated in</u>

1. Retained Earnings                         e) Stockholders' Equity

2. Accumulated Depreciation          b) Property, Plant, and Equipment

3. Unearned Revenues                     c) Current Liabilities

4. Mortgage Payable (due                c) Current Liabilities

    in 6 months)

5. Equipment Property, Plant,           b) Property, Plant, and Equipment

    and Equipment

6. Notes Payable (due in                   d) Long-term Liabilities

    two years)

7. Cash                                                 a) Current Assets

8. Accounts Receivable                      a) Current Assets

You might be interested in
The 2017 balance sheet of Kerber’s Tennis Shop, Inc., showed long-term debt of $1.87 million, and the 2018 balance sheet showed
jeka57 [31]

Answer:

$1,290,000

Explanation:

Given that,

Cash flow to creditors = -$85,000

Cash flow to stockholders = $170,000

Firm’s net capital spending for 2018 = $1,250,000

Firm reduced its net working capital investment by $45,000

Cash Flow from Assets:

= Cash Flow to Creditor + Cash Flow to Stockholders

= -$85,000 + $170,000

= $85,000

Cash Flow from Assets = OCF - Net Capital Spending - Change in Net Working Capital

$85,000 = OCF -  $1,250,000 - (-$45,000)

OCF = $85,000 + $1,250,000 - $45,000

        = $1,290,000

3 0
3 years ago
When Moon Star Products Inc. planned to start its operations in United Cadvia, an emerging nation, it realized that it will have
lorasvet [3.4K]

Answer:

a. Equity alliance

Explanation:

Equity alliance -

It is the process , in which one of the company take the equity stake of the other company and vice versa , is referred to as equity alliance .

Due to this ,  the company becomes shareholder and stakeholder of each other .

The share acquired is the minor one , so that the company still have the power of decision making .

Hence , same case is shown in the question ,where the Moon Star Products Inc.buys the 40 % of the stock of Gold Logistics .

8 0
3 years ago
Which of the statements below is​ FALSE?
Alecsey [184]

Answer:

C. The standard of one vote for each share cannot be altered.

Explanation:

Shares are sold to individuals that now obtain ownership rights of a company.

Common share holders are entitled to voting in of new board members and also have the ability to vote for changes in bylaws of the company.

Also common shareholders are shares have different classes with different voting rights.

However it is not true that the standard of one vote for each share cannot be altered.

When more shares are issued by a company it can result in dilution of shares. That means for example if a person has 10,000 shares in a company with 1 million shares, and the company now issues an extra 1 million shares making 2 million in total now.

The shareholder's standard of vote for each share is now halved

5 0
2 years ago
____ consumption occurs when consumers "set apart" objects and events from normal activities and treat them with respect. ____ c
solong [7]

Answer:

  • Sacred consumption
  • Profane consumption

Explanation:

This differentiation is based on special religious events (e.g. religious holidays) that considered some goods as sacred, while profane had to do with everyday life.

Some modern marketing strategies try to build sacred brands. For example, Google has become our God of all knowledge and no one even dares to challenge that almost religious belief. Anyone can make their own coffee or buy coffee at any coffee shop, but Starbucks is different, it has built a sense of emotional connection with the public. It's not any coffee that we need or want.  

6 0
3 years ago
John's Mattresses is now selling its products in Spain. It has priced its line of mattresses very low in the hopes that it will
ch4aika [34]

Answer: predatory pricing.

Explanation:

John's Mattresses is now selling its products in Spain. It has priced its line of mattresses very low in the hopes that it will drive away weaker competitors. This is an example of predatory pricing.

Predatory pricing is when a company intentionally reduces its price in order to reduce competition. It should be noted that this can lead to monopoly and it violated the antitrust law.

6 0
3 years ago
Other questions:
  • Havermill Co. establishes a $250 petty cash fund on September 1. On September 30, the fund is replenished. The accumulated recei
    8·1 answer
  • Kate begins to perform, intending that the completion of her performance act as an acceptance of Lyle's offer. Under the modern-
    11·2 answers
  • Your parents have made you two offers. The first offer includes annual gifts of $10,000, $11,000, and $12,000 at the end of each
    12·1 answer
  • When preparing the report to analyze a proposed quality improvement​ program, which of the following costs are included in the t
    14·1 answer
  • Top Kitchens handles 17% of all the kitchen production in the area for new construction. It is estimated that the cost of kitche
    9·2 answers
  • Excerpts from Dowling Company's December 31, 2021 and 2020, financial statements and key ratios are presented below (all numbers
    14·1 answer
  • The Federal personal income tax is:_______
    12·1 answer
  • What pricing strategies do McDonalds use.
    12·2 answers
  • During fiscal 2014, BlackBerry Limited wrote down its BB10 smartphone inventory by approximately $1,700,000,000 because its cost
    12·1 answer
  • The​ ________ layout's main objective is to equalize the task time for each station.
    8·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!