Answer:
The correct answer is letter "B": Debit Prepaid Rent, credit Cash.
Explanation:
Prepaid rent is the rent paid in advance. Usually, rent payments are made every month by the beginning of the month but other timeframes can also be agreed upon the lease. <em>Prepaid rent is debited to prepaid assets and credited to accounts payable. When the check for the payment is cut, accounts payable is debited and a cash account is credited.</em>
Answer and Explanation:
The classification are as follows
(a) Payment of interest on notes payable = Operating activities as cash outflow
(b) Exchange of land for patent = Non cash investing activity as it does not involve cash transactions
(c) Sale of building at book value = Investing activities as cash inflow which is represented in a positive sign
(d) Payment of dividends. = Financing activities as cash outflow which is represented in a negative sign
(e) Depreciation = It is added to net income and shown in operating activities
(f) Receipt of dividends on investment in stock = Operating activities as cash inflow
(g) Receipt of interest on notes receivable = Operating activities as cash inflow
(h) Issuance of common stock = Financing activities as cash outflow
(i) Amortization of patent = Operating activities as cash inflow and added to the net income
(j) Issuance of bonds for land = Non cash investing activity as it does not involve cash transactions
Answer and Explanation:
The mobile market is the most important way to of communication and it requires everyone in todays environment. this motivates the suppliers to use that as its base in order to re build another phone that is required by the market.
Answer:
<em>(1) $3.5 million</em>
<em>(2) $1.5 million</em>
Explanation:
<em>The account of natural resources is compounded by the duty to sell the properties, which is the present value of the $5 million to be paid later, or $3.5 million.</em>
Total depletion over most of the life of the project thus increases by this number. Accretion expense is the growth in the obligation over time.
<em>The $3.5 million amount will increase to $5 million in five years, and at that time that amount's expended.</em>
The primary operating goal of a publicly-owned firm trying to best serve its stockholders should be to maximize the firm's expected EPS, which must also maximize the firm's price per share.
<h3>What is a a
publicly-owned firm?</h3>
A publicly-owned firm is a firm that is owned by members of the public who buy shares in the firm and thus become shareholders. Managers are employed to run the firm.
As the value of shares of the publicly-owned firm increases, the wealth of shareholders also increase.
Here is the complete question:
The primary operating goal of a publicly-owned firm trying to best serve its stockholders should be to
a Maximize managers' own interests, which are by definition consistent with maximizing shareholders' wealth.
b. Maximize the firm's expected EPS, which must also maximize the firm's price per share.
c. Minimize the firm's risks because most stockholders dislike risk. In turn, this will maximize the firm's stock price.
d. Use a well-structured managerial compensation package to reduce conflicts that may exist between stockholders and managers.
e Since it is impossible to measure a stock's intrinsic value the text states that it is better for managers to attempt to maximize the current stock price than its intrinsic value.
To learn more about publicly-owned firms, please check: brainly.com/question/26194963
