Answer:
investments.
Explanation:
Intangible assets are assets that cannot be physically seen. Example of intangible assets are parents, copyrights, goodwill, trademark etc
I hope my answer helps you
D<span>:determine your own working hours.
looks like the only logical one.</span>
The correct answer is $126,375.
If the term is four months long and Davis institute receives $168,500 in tuition for the four months then they receive $42.125 per month. You can calculate this by dividing $168,500 by 4, which equals $42,125. Three of the months are in the first fiscal year, so 3 months worth of revenue will be allocated to that year. $42,125 x 3 = $126,375.
Answer:
$660 (credit balance)
Explanation:
the question is missing the numbers, so I looked for a similar one:
- 4% of units will be defective
- average repair cost of $20
- 1,100 units sold during the first month
- 11 defective units were repaired
The journal entry to record warranty liability:
Dr Warranty expense 880
Cr Warranty liability 880
the journal entry to record actual money spent repairing defective units:
Dr Warranty liability 220
Cr Cash 220
the balance of the warranty liability account at the end of the month = $880 - $220 = $660
