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g100num [7]
3 years ago
6

The Borio Company had an asset with an $8 book value and a $7 market value; it decided to distribute the asset as a property div

idend. Journal entries were made to adjust the property to market value and declare the dividend. Indicate the combined effect on the Net Income and Total Assets, respectively:
Business
1 answer:
ankoles [38]3 years ago
7 0

Answer:

The net income will decrease and also the total assets will also decrease

Explanation:

Here, we want to know the combined effect on net income and total assets of company that made a decision of distributing assets as a property dividend.

As the asset value is down the entry is asset (credit) and loss on asset (debit)

This will effect the net income as it will come down and total assets value also come down

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Select the correct answer from the drop-down menu.
irina [24]

One can display good customer service by having a professional appearance while attending to customers.

<h3>What is customer service?</h3>

Customer service is a process of ensuring that customers are well catered for when delivering services to them.

Characteristics of a good customer service are:

  • Promptness
  • Politeness
  • Professionalism

Hence, one can display good customer service by having a professional appearance while attending to customers.

Learn more about customer service here : brainly.com/question/1286522

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8 0
2 years ago
Which of the following would be an advantage of engaging in international
lbvjy [14]

Answer:

B. Larger growth opportunities based on market size

Explanation:

Took the test and guessed it correctly

4 0
3 years ago
A company calculated the predetermined overhead based on an estimated overhead of $70,000, and the activity for the cost driver
Ivenika [448]

Answer:

$68,600

Explanation:

Activity Based Overhead Rates = Estimated Overhead / Expected Use of Cost Drivers per Activity (Hours)

Activity Based Overhead Rates = $70,000 / 2,500

Activity Based Overhead Rates = $28

Overhead Assigned = Overhead Rate * Hours Utilized

Product A Overhead Assigned = $28 * 1,350 hours

Product A Overhead Assigned = $37,800

Product B Overhead Assigned = $28 * 1,100 hours

Product B Overhead Assigned = $30,800

Total Overhead Assigned = Product A Overhead Assigned + Product B Overhead Assigned

Total Overhead Assigned = $37,800 + $30,800

Total Overhead Assigned = $68,600

5 0
3 years ago
A business's budget estimates yearly sales of $735,650. if the business plans to spend 38%
r-ruslan [8.4K]

The amount that it should budget for total expenses is: $456,103.

<h3>Budgeted total expense</h3>

Using this formula

Total expenses=(Yearly sales×38%)+ (Yearly sales×24%)

Let plug in the formula

Total expenses=$279,547+$176,556

Total expenses=$456,103

Therefore the correct option is A.

Learn more about total expenses here:brainly.com/question/25317819

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7 0
2 years ago
The local classic car auction raised $12,000 for local charities, the mayor is designating the funds to the children’s hospital.
Nataly [62]
<span>The error is called a comma split. That is because the two clauses are connected with a comma without a conjunction and this is ungrammatical. You should either turn them into two sentences, or add a conjunction, or turn the comma into a semi-colon. This way you would correct the error.</span>
4 0
3 years ago
Read 2 more answers
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