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
Tomtit [17]
3 years ago
12

The purchase of equipment financed by a​ long-term notes payable is an example of​ ________.

Business
1 answer:
soldier1979 [14.2K]3 years ago
4 0
A. Non-cash investing and financing activity. 

Here, we are using long-term notes, a non-cash activity, in order to purchase equipment to be used in production. This transaction is using non-cash investing in equipment and non-cash financing in order to grow the business. You want to focus on both what is purchased and how it is paid to determine what type of activity it is for the statement of cash flows and other accounting statements. 
You might be interested in
How do banks make a profit?
fiasKO [112]
Banks make a profit by c. charging interest
8 0
2 years ago
What is the basic process of staffing​
Tems11 [23]

Answer:

hope you like it

Explanation:

Staffing is the process of determining the manpower requirements of a company which are necessary to achieve its objectives. This includes appraising and selecting candidates to fill these requirements and orienting, training and developing new and existing staff.

Manpower requirements- The very first step in staffing is to plan the manpower inventory required by a concern in order to match them with the job requirements and demands. Therefore, it involves forecasting and determining the future manpower needs of the concern.

5 0
2 years ago
PLZZ HELP.Think of an advertisement that you found particularly effective. Describe the product and the advertisement. Explain w
yan [13]

Answer: I found Optimum Internet  advertisement effective.

Explanation: I found optimum internet effective because not only does it cost less but it's a good deal.

I really don't know if this is will help but that's what I find effective.

8 0
2 years ago
Read 2 more answers
A corporation issued 5,000 shares of its $1 par value common stock in exchange for land (market value $30,000) and a building (m
olga2289 [7]

Answer:

The correct option is A,Debit Land and Building, $130,000; Credit Common Stock, $5,000; Credit Paid-in Capital in Excess of Par Value, Common Stock, $125,000.

Explanation:

The sum of the two market values of both land and building is $130,000($100,000+$30,000),which would be debited to land and building account to show that the asset has increased due to new acquisition.

In the common stock account the par value of the shares which is $5,000($1*5000) would be credited to it.

The difference between the market value of assets acquired and the common stock amount which is $125,000($130,000-$5,000) would be credited to paid in capital in excess of par account.

3 0
3 years ago
Majid Corporation sells a product for $195 per unit. The product's current sales are 42,300 units and its break-even sales are 3
evablogger [386]

Answer:

$1,389,375

Explanation:

Data provided as per the question:-

Product per unit = $195

Current sales = 42,300 units

Break-even sales = 35,175 units

The computation of margin of safety in dollars is shown below:-

Margin of safety (in units) = Total sales - Break-even sales

= 42,300 - 35,175

=7,125 units

Margin of safety (in dollars) = Margin of safety × Product per unit

=(7,125 × $195)

= $1,389,375

5 0
3 years ago
Other questions:
  • When Alfred Nobel​ died, he left the majority of his estate to fund five​ prizes, each to be awarded annually in perpetuity star
    6·1 answer
  • Which skills would be the most beneficial for a computer help desk technician?
    6·2 answers
  • In preparing the April bank reconciliation for Oscar Company, it was discovered that on April 10 a check was written to pay deli
    14·1 answer
  • The ledger of Shamrock, Inc. on March 31, 2022, includes the following selected accounts before adjusting entries.
    10·1 answer
  • Music Masters sells a unique assortment of sheet music including just about any published music ever written before 1970. Its cu
    14·1 answer
  • Identify one way in which setting a goal can help a person budget<br> more effectively.
    7·1 answer
  • Suppose the government decides that every family should own its own home. To bring this about, the government decides to subsidi
    15·1 answer
  • A____is a chosen field of work in which you may have different jobs over time. Examples of careers are hospitality, public relat
    14·1 answer
  • The market price in a perfectly competitive market is $11, and 1,250 units are bought and sold. Assume the market becomes monopo
    13·1 answer
  • A _____________ is a fee levied by your lender that represents pre-paid interest on your mortgage loan.
    13·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!