Answer:
Debit to Income Summary account and a credit to the Depreciation Expense account.
Explanation:
The depreciation is a reduction in the value of the asset due to tear and wear, obsolesce, usage of the fixed asset. It is charged on the fixed asset. The depreciation expense is shown on the debit side of the income statement
The closing entry is shown below:
Income summary A/c Dr. XXXXX
To Depreciation expenses XXXXX
(Being depreciation expenses is adjusted)
The best answer to the question above would be letter b. surplus. If a nation exports more than it imports, it has a trade surplus. A trade surplus is when the nation has too many goods and they have to export it. Importing would be a bad decision since more goods are added to the economy.
Answer:
$25,000
Explanation:
Assuming it is to be perpetuity. Amount to be saved = P/I
Amount to be saved = Annual interest amount / Annual interest rate
Amount to be saved = $2,000/8%
Amount to be saved = $2,000/0.08
Amount to be saved = $25,000
So, the worker should save $25,000 before retirement if he wishes to draw interest of $2,000 per year.
The goal of every student is to have good grades. One can be attentive in studies by;
- Paying close attention in class.
- Always Taking good notes in class
- Plan ahead for any tests and projects that is to be done in your grade or level etc.
<h3>how can we be careful and attentive in our studies? </h3>
In studying, one needs to have an attentive and pay careful attention so as to come out with good grade.
It is advisable to read any note that one has been taught in class at home and not miss out on lectures.
Learn more about attentive studies from
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Answer:
There are no options listed, but what I can tell you for sure is that John's actions were both unethical and illegal.
What John did is unethical because it is not moral and it goes against all the principles that guide professional conduct. John also did something illegal because he was an accomplice in committing fraud against the company. He knowingly benefited from the accountant's illegal actions, and that is basically the legal definition of an accomplice to a crime.