Answer:
The answer would be B.It was my birthday, and I was hoping that my wish for a dog would come true.
Explanation:
I hope this helps but i got it right on edgeunity
Answer:
Debit Depreciation Expense, $525;
Credit Accumulated Depreciation, $525.
Explanation:
Based on the information given in a situation where the financial statements are to be prepared on December 31, which means that the company should make the following adjusting entry:
Debit Depreciation Expense, $525
Credit Accumulated Depreciation, $525
Calculated as:
Debit depreciation expense $6,300/12
Debit depreciation expense=$525
Answer:
D. Replacement cost.
Explanation:
As we know that the inventory should be recorded at the cost or market value whichever is lower
Given that
Original cost is less than the net realizable value subtract the profit margin
So we assume the following figures
Original cost $10
Net realizable value 9
Replacement cost 8
NRV less normal profit margin 7
As if we compare the original cost and replacement cost so the lower value is of replacement cost
hence, the same is to be considered
Therefore the correct option is D.
Answer: It might harm the reputation of Trend Flash Ltd. or distinguishing factor is impaired by using similar trademark by Sleek Feet LLC
Explanation:
According to the question, Sleek Feet LLC is using similar or alike trademark for their product(shoes) as well-established corporation ,Trend Flash already uses in registered form.
Having similar trademark can confuse consumers as they might not able to identify the difference between the trademark. It can end up purchasing wrong brand shoes rather what they actually intend to
This can tamper the reputation of Trend Flash Ltd. as they have well recognized trademark and difference in quality of shoes be a major factor in it.
