Answer:
decrease $49,605
Explanation:
corporation purchased eqipment = $ 300000
ADS recovery period = 10 years
MACRS useful life of 7 years
th eequipment sold for $290,000
The result is option d. Decrease $ 49,605
Answer: d. have customers who operate in many different parts of the country
Explanation: When checks are to be collected from customers of a business that are spread over a wide geographical area, a lockbox plan is employed in order to speed up the collection of checks. It involves the customers dropping their checks in the lock boxes rather than mailing it to the business thus, the use of lockboxes help reduce mail float.
Answer:
THE ANSWER IS TRUE
Explanation
What is Span control?
Span control can be referred to as the number of subordinates under the managers direct control, and as an example,a manager with six direct reports has a span of control of six.
The commonly accepted definition of span of control is as follows: “the number of subordinates directly reporting to a leader/manager.
Answer:
Matthew owns 30 percent of the outstanding stock of Lindman and has the ability to significantly influence the investee's operations and decision making. On January 1, 2015, the balance in the Investment in Lindman account is $337,000. Amortization associated with this acquisition is $10,000 per year.
Explanation:
Answer:
Debit cash account
Explanation:
Issuing capital stock refers to selling shares to investors. Investors give the business cash in exchange for shares. Therefore, cash increases with an amount equivalent to shares sold.
Cash is an asset account. An increase in an asset account is debited. The cash account will be debited.