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Galina-37 [17]
3 years ago
13

Give the entry to record the honoring of 500 warranty contracts in january at an average cost of $20.

Business
1 answer:
tester [92]3 years ago
5 0
I have no idea I’m sorry
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How does soap work? A. Creates a sheetlike microscopic barrier between the skin and microorganisms in the environment B. Emulsif
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Answer:

Your answer is going to be c.

Explanation:

as soap is meant to wash away germs it has to first kill them.

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7. In capitalism, most businesses have a profit motive. Describe at least one reason that businesses with a profit motive may be
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Gaining a profit from sold goods is helpful because the use of scarce resources is optimized. It also provide jobs. The bad side of being in a profit motive business is that some may be tempted to deal with customers . I think that a profit motive business is a good thing.
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There is no nation involved in global trade that still maintains a fixed value of their currency relative to a key currency or g
kirza4 [7]

Answer:

a. true

Explanation:

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Which of the following statements is CORRECT?
zaharov [31]

Answer:

If a company pays more in dividends than it generates in net income, its retained earnings as reported on the balance sheet will decline from the previous year's balance.

Explanation:

The dividend is shown while preparing the retained earning statement. So, it does not affect the net income.

The highly liquid marketable securities does not show a decline in the current assets

If the long term bonds are issued to purchase fixed assets it would show under the long term liabilities and the long term assets rather than the current assets and the current liabilities

Account receivable are reported in the current assets rather than the current liabilities

We know that

The ending balance of retained earning = Beginning balance of retained earnings + net income - dividend paid

If the dividend amount is more than the net income so the ending balance of retained earning will decline than its beginning year balance.

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