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docker41 [41]
4 years ago
8

The entry to record the amortization of a patent would include a debit to __________ and a credit to __________. Amortization Ex

pense; Patents Amortization Expense; Accumulated Amortization Patents; Accumulated Amortization Patents Expense; Accumulated Amortization
Business
1 answer:
Advocard [28]4 years ago
6 0

Answer: Amortization Expense; Patents

Explanation:

The entry to record the amortization of a patent would include a debit to the amortization expense and a credit to the patents.

The journal entry will be:

Debit Amortization expenses XX

Credit Patents XX

Therefore, the correct option is A.

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A revenue account is increased by debits. is decreased by credits. has a normal balance of a debit. is increased by credits.
Elenna [48]

Answer: is increased by credits

Explanation:

Revenue accounts are increased by credits because they are an equity account and equity accounts increase by credit. This is because the corresponding entry would be an asset such as cash and as the asset has to increase by being debited, revenue must be increased by credit.

Other accounts that are increased by credit include liabilities. Accounts that increase by debits apart from assets include purchases and expenses.

5 0
3 years ago
All of the following are examples of a capital project EXCEPT
natta225 [31]

Answer:

c

Explanation:

purchasing ships to transport goods oversees

4 0
3 years ago
The quality of information obtained from a request letter depends on the clarity of the inquiry. what techniques can you use to
WARRIOR [948]

For clarity, you should:

  • set an end date when appropriate
  • ask for a specific action
  • itemize information to improve readability
4 0
3 years ago
Who has the comparative advantage in producing wine and who has the comparative advantage in producing​ schnitzel?
kap26 [50]

Answer:

e

Explanation:

6 0
4 years ago
What type of planning is conducted by the organization to prepare for, react to, and recover from events that threaten the secur
sattari [20]

Answer:

Contingency plan.

Explanation:

Contingency plan is a plan conducted by an organization to prepare for , react to and recover from events that threaten the security of information and information assets in the organization , and the subsequent restoration to normal modes of business operations.

It prepares the organization for any potential risk , as response to such risk will be fats and timely , and consequently , loss are minimized.

4 0
3 years ago
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