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
Fofino [41]
3 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]3 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.

You might be interested in
In reviewing the firms whose stocks comprise the Dow Jones Industrial Average, we discover: a) There is an even mix between big
Svetach [21]

Answer:

C, is the correct answer.

Explanation:

7 0
3 years ago
Fifteen percent of the students in a school of Business Administration are majoring in Economics, 20% in Finance, 35% in Managem
Lina20 [59]
D/ both a bar and pie graph can be used
4 0
4 years ago
Qriosity inc. comes out with a new antivirus program and prices it at half price to attract buyers. the company is using _______
Talja [164]
<span>The company is using market-penetration pricing.</span>
6 0
4 years ago
Scenario: You are an American Red Cross Disaster Program Specialist in charge of teams trained to help in sheltering displaced p
lawyer [7]

Answer: NIMS management characteristic Accountability is there in this situation.

Explanation:

The National Incident Management system controls major incidents and coordinates with the person to overcome such incidents based on some management characteristics. Accountability is one such characteristic where the check-in and check out are included.

Therefore, in the above situation, the Principle of Accountability is the management characteristic. According to the principle of Accountability, the manager is responsible to coordinate with the resources. It includes, checks in and check- out, personal responsibility, unity of command, etc.

7 0
3 years ago
E-commerce can be defined as: Question 48 options: A) the digital enablement of transactions and processes within an organizatio
Alisiya [41]

Answer:

C) the use of the Internet, the Web, and mobile apps to transact business

Explanation:

E-commerce refers to the economic commerce in which the buying and selling of goods and services are involved over and above electronic networks that we called the internet. It could be done in the following ways

1. Business to customer =  B2C

2. Business to business = B2B

3. Customer to customer = C2C

And many more

By using mobile applications, the customer could easily order their products that are to be shown in different applications

Therefore the option C is correct

3 0
3 years ago
Other questions:
  • Unlike a product advertisement, an institutional advertisement may have __________ as an objective? select one:
    14·1 answer
  • "Commonwealth Construction (CC) needs $2 million of assets to get started, and it expects to have a basic earning power ratio of
    9·1 answer
  • Imagine that Johnson &amp; Johnson is about to begin developing an ad campaign for a new product line of body washes. Before doi
    6·1 answer
  • When managers delegate work, three transfers occur. the three transfers are responsibility, authority, and _____?
    10·1 answer
  • The risk-free rate of interest, kRF, is 6 percent. The overall stock market has an expected return of 12 percent. Nutshell, Inc.
    6·1 answer
  • The ____________________ prescribes that an accounting information system have internal controls, meaning, it employs methods an
    12·2 answers
  • Which of the following is not always a result of unethical behavior? a. loss of profits b. loss of goodwill c. loss of trust d.
    14·1 answer
  • Refer to the data. Assuming the bank loans out all of its remaining excess reserves as a checkable deposit, and has a check clea
    11·1 answer
  • Which of the following is an appropriate solution to an overspending allowance?
    14·1 answer
  • Kentucky Fried Chicken, with 18,875 stores in 118 countries and territories around the world, changed their recipe (the spicines
    6·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!