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Lapatulllka [165]
3 years ago
9

Providing services to a credit customer was recorded with a debit to cash and a credit to retained earnings. This error would ca

use..
A. the periods end liabilities to be understated.

B. the periods net income to be overstated (wrong answer)

C. the total periods end stockholders equity to be understated.

D. the periods net income to be understand
Business
1 answer:
balu736 [363]3 years ago
3 0

Since this was added 3 weeks ago. What was the correct answer?

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Suppose you have $10,000 in cash and you decide to borrow another $10,000 at a 6% interest rate to invest in the stock market. Y
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Answer:

0.40

Explanation:

(2) SD( Rxp) = βSD(Rp)= 2(0.20) = 0.40

4 0
4 years ago
Logano Driving School’s 2017 balance sheet showed net fixed assets of $2.4 million, and the 2018 balance sheet showed net fixed
Ray Of Light [21]

Answer:

The answer is: $1,219,000

Explanation:

Net capital spending (NCS): is the amount of money a company invests in acquiring new fixed assets.

We use the following formula:

Net Capital Spending = ending fixed assets – beginning fixed assets + depreciation

NCS = $3,300,000 - $2,400,000 + $319,000 = $1,219,000

8 0
3 years ago
Cost is not paid by the insurance company and are unrecoverable
marysya [2.9K]

Answer:

yes

pls mark brain

Explanation:

7 0
3 years ago
The following information relates to Oriole Company for the year 2020.
Talja [164]

Answer and Explanation:

The Preparation of income statement for the year ending December 31, 2017 is shown below:-

                     <u>  Oriole Company</u>

<u>                           Income Statement</u>

<u>            For the Year Ended December 31, 2017</u>

Particulars Amount

Service Revenue $86,250

Less:

Expense

Salaries and Wages

Expense $38,640

Rent Expense $14,352

Utilities Expense $4,278

Advertising Expense $2,484

Total Expenses $59,754

Net Income/ (Loss) $26,496

Therefore for determining the net income/loss we simply deduct the total expenses from service revenue.

3 0
3 years ago
In one to two sentences, name some values, interests, skills, or personality traits that could play a role in your career decisi
Angelina_Jolie [31]

Your will, determination, your passion for doing a particular thing should decide the career you should opt for.

<u>Explanation:</u>

While picking a vocation it is indispensable to have a decent understanding on what your qualities, interests, abilities and character characteristics are. To know altogether what are the things that you appreciate doing, what are the things that you are acceptable at and what you esteem most in your life will present to you a bit nearer into the correct vocation way.

So before picking a vocation consider the abilities you have obtained for an incredible duration, consider what of your inclinations can be transform into an expert profession and consider your character inclinations and basic beliefs so you recognize what kind of expert you seek to be.

5 0
3 years ago
Read 2 more answers
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