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
The two vital ongoing activities necessary for creating boundaryless organizations that managers today must concern themselves w
Over [174]
The two vital ongoing activities necessary for creating boundaryless organisations are TYPE OF STRUCTURE, MECHANISMS, PROCESSES AND TECHNIQUES FOR ENHANCING PERMEABILITY. 
A bourndaryless organisation is a concept in organization design. A boundaryless organisation refers to an organisation which is not define by or limited to the vertical, horizontal and the external boundaries which are imposed by pre defined structures.<span />
7 0
3 years ago
What’s the answer ?intro to business
kiruha [24]

Answer:

Here Hope has missed clicking the Header Row Options.

Explanation:

Here Hope has missed clicking the Header Row Options, that's why the row of Gas an Percentage has gone to the third number. He has chosen the Ascending Order Button, that's why all the data has been arranged in the alphabetically ascending order, which consequently has dislocate the Main heading of Gas and Percentage from the top.

It should be like as shown below (After clicking Header Row Option):

Gas                        Percentage

Argon                          0.93

Carbon Dioxide          0.04

Nitrogen                      78.00

Oxygen                       21.00

Other Gases               0.03

5 0
3 years ago
Write a sentence with a word Inflation:​
butalik [34]
“Because of inflation, prices have gone up considerably for almost everything.”


hope this helps
7 0
3 years ago
Tabby Tolman is a project coordinator at Tristar Solutions. Whenever a new project comes her way, she holds a project meeting an
Hunter-Best [27]

Answer:

Performing stage

Explanation:

The team members are now competent, autonomous and able to handle the decision-making process without supervision. Dissent is expected and allowed as long as it is channeled through means acceptable to the team.

Supervisors of the team during this phase are almost always participating. The team will make most of the necessary decisions.

5 0
3 years ago
Read 2 more answers
If you invest $15,000 at 3.1% annual interest compounded monthly, how much will be in the account after 16 years
AveGali [126]

Answer:

The final balance would be $24,616.34 at the end of 16 years of monthly compounded interest

Explanation:

The total compound interest would be $9,616.34 after 16 years.

3 0
3 years ago
Other questions:
  • When a manager develops a cost of capital for a specific project based on the cost of capital for another firm that has a simila
    7·1 answer
  • If i got my permit in december when can i get my license
    6·1 answer
  • A researcher who has no concern for issues of control or ability to generalize, instead choosing focus on providing rich descrip
    8·1 answer
  • A customer calls and says that they are upset because they just received their bill and it is for two months service plus a $20
    12·1 answer
  • Buying a new computer for which of these reasons is most likely a sound financial decision
    5·2 answers
  • Which is based mainly on individual choice
    14·1 answer
  • A small country emits 82,000 kilotons of carbon dioxide per year. In a recent global agreement, the country agreed to cut its ca
    10·2 answers
  • 16p²-4pq+25q² please I need help ​
    5·1 answer
  • In the Economic Organization of a P.O.W. Camp, what kind of currency best describes the paper currency the prisoners made? Fiat,
    13·1 answer
  • Which of the following is NOT included on a cash flow statement?
    7·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!