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
Zina [86]
3 years ago
15

Miss Hap, the company bookkeeper, recorded the annual repair costs on the company's machinery as an increase to the Machinery ac

count. As a result, which of the following statements correctly describes this situation?
A. Expenses will be overstated.
B. Liabilities will be overstated.
C. Stockholders' equity will be understated
D. Assets will be overstated.
Business
1 answer:
ololo11 [35]3 years ago
6 0

Answer:

D

Explanation:

Repairs shouldn’t be recorded to the equipment (asset) account but should be recorded as an expense instead.

You might be interested in
You were able to purchase two tickets to an upcoming concert for $100 apiece when the concert was first announced three months a
dusya [7]

Answer: $450

Explanation:

Total tickets purchased = 2

The cost of one ticket three months ago = $100

Current price of one ticket = $225

Total cost of two tickets = $225 × 2

                                        = $450

The opportunity cost is the benefit that is foregone by selecting some other alternative. So, here two options are available that either attend the concert or resell the ticket at $450. Therefore, the opportunity cost of attending the concert is $450.

4 0
3 years ago
WILL MARK BRAILIEST AND ONLY ANSWER IF YOU KNOW
Karolina [17]

Okay i'm trying to find the rest of the answers but heres most of them:

1. Approximately how many people watch the March Madness tournament? Approximately 140 million people watch march madness.

2. March Madness is second to only one other sporting event? What is it? March Madness is second to only the Super Bowl.

3. What percentage of the NCAA's revenue comes from men's basketball? How is this revenue generated? NCAA generated a revenue around 90%.

4. How did Nike first gain brand exposure through men's basketball? Explain. Vaccaro, the Chief among the NCAA’s critics, Had Nike give the players free shoes to wearing during games. After that happened teams started to become sponsored by Nike.

5. How does best-selling author Michael Lewis argue that playing college sports impedes athletes from getting an education? Michael Lewis argues about how student-athletes spend more time on sports then education.

6 0
3 years ago
Read 2 more answers
what does it mean when you have demand for a good or service a.you can afford the good but may be unwilling to buy it. b.you wan
Nonamiya [84]
D. You are willing and able to buy the good at the given price
8 0
3 years ago
Which of the following is true of specialty stores? Group of answer choices They carry a deep assortment of merchandise within a
MrMuchimi

The correct option is that they carry a deeper by narrower assortment of merchandise within a single category of interest.

<h3>What is a specialty store?</h3>

This refers to a retail store which lay emphasis on selling products which have specific category. It is to be noted that specialty store have a wide selection of products but few categories.

Hence, the correct option is that they carry a deeper by narrower assortment of merchandise within a single category of interest.

Learn more about specialty stores here: brainly.com/question/7145120

#SPJ12

8 0
1 year ago
Jennifer couldn't believe her bad luck. The business-planning cycle at Allworld Insurance was almost over. The only thing her bo
Natalija [7]

Answer:

Explanation:

Strategic plans: They are those who seek to fulfill the company's wishes in the long term. They are usually described in a general way and are executed through tactical plans.

Tactical plans: They are those who take the strategic plans and turn them into specific activities for their execution and development.

Operational plans: Operational plans are all those that seek to create the mechanisms to plan and fulfill tactical plans.

Mission Statement: is the set of general objectives and principles of work to grow the company.

According to this definitions the answers are:

1) (D)Mission statement.

2) (A)Strategic.

3) (D)Tactical.

4) (A)Operational.

Goals questions:

1) (D) The statement does not specifies the time limit to accomplish the goal.

2) (A) Information regarding the type of air conditioners and refrigerators to be sold and the place where the goal is set is missing.

4 0
3 years ago
Other questions:
  • On June 1, 2015, Ivanhoe Company and Shamrock Company merged to form Bridgeport Inc. A total of 752,000 shares were issued to co
    10·1 answer
  • The law of demand is the assertion that ... ?
    5·1 answer
  • Identify the accounting​ concept, assumption, or principle that best applies to each of the following​ situations: a. Inflation
    13·1 answer
  • A realtor is trying to predict the value of a home. He has quantitative data available and has evidence that the home price has
    11·1 answer
  • During 2025, Saul Company discovered that the ending inventories reported on its financial statements were incorrect by the foll
    11·1 answer
  • What is the primary benefit of activity-based costing? Arbitrary allocations of overhead costs All these are primary benefits of
    6·1 answer
  • On October 5, your company buys and receives inventory costing $5,000, on terms 2/30, n/60. On October 20, your company pays the
    5·1 answer
  • You have been at fault in your sexond accident in 6 months. Your insurance company is going to increase your annual premium by 2
    9·2 answers
  • Which form of feasibility incorporates both physical and mental integration of the design work system during job completion
    14·1 answer
  • Under perfect competition, any profit-maximizing producer faces a market price equal to its?
    13·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!