Answer:
-1.0 million
Explanation:
the debt issued in the second year is equal to the sum of the excess of revenues over outlays
in year 1, debt = $1.0 million - $1.5 million = $-0.5 million
In year 2, debt = $1.5 million - $2.0 million = $-0.5 million
$-0.5 million + $-0.5 million = -1.0 million
Answer: d. $45,000 should be debited to Land Improvements.
Explanation:
Land improvements records any moderation to land asset that is expected to add to its value and lasts for more than a year.
The paving and lighting of the parking area will add value to the area and will last longer than a year so both should go to the Land improvement account. As this account is an asset account, it will be debited when increased:
= 30,000 + 15,000
= $45,000
Because dogs don’t have cheeks, they can’t create suction. To compensate, their tongues slap the water and pull it toward their maw in the form of a liquid column. As this water is suspended in mid-air, they chomp down on it and swallow, repeating the process until they’re satisfied.
Answer:
A Eurocurrency is any currency that is banked outside of its country of origin.
Answer:
The answer is B.
Explanation:
Variance is the difference between the expected sales(revenue), price, material quantity, material cost(expense) and the actual sales, price or material quantity.
Sometimes, expected or budgeted sales or price might be higher than actual sales or price, if this happens the variance is an unfavorable one.
And if it is the actual that is higher or more than the budgeted or expected sales or price, we say it is a favourable variance.
