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r-ruslan [8.4K]
3 years ago
12

The following classification scheme typically is used in the preparation of a balance sheet:

Business
1 answer:
agasfer [191]3 years ago
8 0

Answer:

Long-term Receivables: Other Assets

Accumulated Amortization: Intangible Assets

Current maturities of long-term debt: Current Liabilities

Notes payable (short-term): Current Liabilities

Accrued payroll taxes: Current Liabilities

Leasehold improvements: Property, Plant and Equipment

Retained earnings appropriated for plant expansion: Retained Earnings

Machinery: Property, Plant and Equipment

Donated capital: Contributed Capital

Short-term investments: Current Assets

Deferred tax liability (long-term): Long-term Liabilities

Allowance for uncollectible accounts: Current Assets

Premium on bonds payable: Long-term Liabilities

inventory: Current Assets

Additional paid-in capital: Contributed Capital

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Under a perpetual inventory​ system, the journal entry to record the purchase of inventory on account will include​ a:
Andrew [12]
<span>Debit accounts payable and credit cash</span>
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3 years ago
Bryan Corporation decided to purchase a plant site. Bill Shephard, a newly elected director, has owned a desirable site for many
tatiyna

Available options are:

A. The sale would be proper only upon requisite approval by the appropriate number of directors and at no more than Shephard's cost, thus precluding his profiting from the sale to the corporation.

B. The sale would be void under the self-dealing rule.

C. The sale would be proper and Shephard would not have to account to the corporation for his profit if the sale was approved by a disinterested majority of the directors.

D. The sale would not be proper, if sold for the present fair value of the property, without the approval of all of the directors in these circumstances.

Answer:

C. The sale would be proper and Shephard would not have to account to the corporation for his profit if the sale was approved by a disinterested majority of the directors.

Explanation:

The reason is that the transaction is arms length transaction and in this transaction the payer pays the amount that he must pay for an equivalent item which we call an fair value payment. The receiver here is a director though but he is receiving an legitimate price and this price is fair value of the property so he is not required to mention his profit share because the company is paying him fair value of the property.

4 0
3 years ago
Read 2 more answers
A competitive advantage based on location is often sustainable because:________
a_sh-v [17]

Answer: It is not easily duplicated

Explanation:

Competitive advantage are simply the factors which give a company the edge when compared to its rivals as the company can produce goods or services at a cheaper rate and better than its rivals.

A competitive advantage based on location is often sustainable because it isn't easily duplicated. The main reason here is because different regions comes up with their different weather conditions, resources, market conditions etc. which can't be duplicated.

7 0
3 years ago
A random sample of 900 individuals has been selected from a large population. It was found that 180 are regular users of vitamin
vlabodo [156]

Answer:

Question 1: The most correct option is option D, which is 0.0133

Question 2: Her data is a random sample from the population of interest.

Explanation: For the first question;

Standard error I the error in the standard deviation. To calculate standard error the formula is used.

S.E = Sd/√n

S.E = standard error

Sd= standard deviation = 0.2

n = number of occurrence = 180

The proportion of the regular users of vitamin among the 180 people is the standard deviation between them.

Using equation above.

S.E = 0.20 ÷ √180 =

0.20 ÷ 13.42 = 0.0149

S.E is 0.0149, when compared to the options, the most correct option is 0.0133, because the question states the answer to be approximately to which of the option.

QUESTION2:

Her research will have much error, because she chooses the car to count. Therefore the research procedure has not satisfied the process that will produce an accurate result. Since she has choosed the street to be her population of interest, all the cars in the street should be counted.

This is not a randomized controlled research, so selection of cars to count is not necessary.

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3 years ago
Assuming the same percentage is used in each case, which of the following is higher
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Well, you don't have exact information for me to solve it.
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