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Fofino [41]
2 years ago
5

At the end of the current accounting period, Ringgold Co. recorded depreciation of $15,000 on its equipment. The effect of this

entry on the company's balance sheet is to decrease:___________.a. assets and increase liabilities.b. owners' equity and decrease assets.c. assets and increase owners' equity.d. owners' equity and increase liabilities.
Business
1 answer:
kolbaska11 [484]2 years ago
3 0

Answer:

B)owners' equity and decrease assets.

Explanation:

From the question, we are informed about Ringgold Co. Whereby At the end of the current accounting period, Ringgold Co. recorded depreciation of $15,000 on its equipment. In this case, The effect of this entry on the company's balance sheet is to decrease owners' equity and decrease assets. Depreciation can be regarded as type of expense that brings reduction in value of an asset. It can be regarded as scheduled and not estimated expense . Depreciation can be recorded on balance sheet, as well as cash flow statement.

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const2013 [10]

Answer:

The first and foremost step is the determine the budget and also to identify the goals and the strategy.

Explanation:

In order to develop and implement or execute the social media marketing campaign or plan one need to follow the following six essential or vital steps:

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4 0
3 years ago
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mote1985 [20]

Answer: the doctrine of unconscionability

Explanation:

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In this scenario, the contract is deemed to be unfair and also oppressive to Orlin, thus he a find it unconscionable and therefore he can refuse to enforce it. Therefore, if he wants to challenge the contract’s terms, the doctrine of unconscionability will be used.

6 0
3 years ago
What is bancassurance?
inn [45]

Answer:

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3 0
3 years ago
ou believe that you can earn 2% more on your portfolio if you engage in full-time stock research. However, the additional tradin
oksian1 [2.3K]

Answer:

C. $12,000

Explanation:

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Up to this point, the expense are cover by the additional return. bove this threshold the fund will incur in losses from the active management

8 0
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2. When the economy is in a recession, the Federal Reserve usually cuts interest rates. Why would the federal government do this
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3 years ago
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