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3 years ago

Because training is expensive it is important for an organization to:____________.

Business

1 answer:

const2013 [10]3 years ago

5 0

Answer:

Option B

Explanation:

In simple words, training is important for organisations nowadays as it saves them a lot of time and cost, but it also heavily expensive. Therefore, th organisation should evaluate its effectiveness in shorter spans of time by doing cost benefit analysis.

Training is mandatory somehow, thereof, it cannot be skipped but continuous evaluation can make it better an can save companies from hidden losses that they might be bearing.

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A company received a bill for newspaper advertising services, $340. the bill will be paid in 10 days. how would the transaction

Sladkaya [172]

The transaction for the bill for newspaper advertising services will be recorded today as a debit to Advertising Expenses and a credit to Accounts Payable (Advertising Payable).

<h3>How is an accrued expense recorded?</h3>

An accrued expense refers to an incurred outgoing that the service has been enjoyed previously and payment is due later.

According to the matching principle and accrual concept of generally accepted accounting principles, all expenses incurred within a financial period must be recognized in that period whether cash has been exchanged or not.

Thus, the transaction for the bill for newspaper advertising services will be recorded today as a debit to Advertising Expenses and a credit to Accounts Payable (Advertising Payable).

Learn more about recording accrued expenses at brainly.com/question/14524895

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6 0

1 year ago

Osage Corporation issued 3,700 shares of stock. Prepare the entry for the issuance under the following assumptions. (Credit acco

Elden [556K]

Answer:

JOURNAL ENTRY

Dr. Cash..................58,000

Cr. Common Stock....................33,300

Cr. Additional Paid in Capital..24,700

Being issuance of 3,700 shares of common stock at par value of $9 per share, with premium

Explanation:

(a) The stock had a par value of $9 per share and was issued for a total of $58,000.

JOURNAL ENTRY

Dr. Cash..................58,000

Cr. Common Stock....................33,300

Cr. Additional Paid in Capital..24,700

Being issuance of 3,700 shares of common stock at par value of $9 per share, with premium

(b) The stock had a stated value of $9 per share and was issued for a total of $58,000.

JOURNAL ENTRY

Dr. Cash..................58,000

Cr. Common Stock....................33,300

Cr. Additional Paid in Capital..24,700

Being issuance of 3,700 shares of common stock at par value of $9 per share, with premium

JOURNAL ENTRY

Dr. Cash..................58,000

Cr. Common Stock............58,000

Being issuance of 3700 common stock with no stated value per share

(d) The stock had a par value of $9 per share and was issued to attorneys for services during incorporation valued at $58,000.

JOURNAL ENTRY

Dr. Service fees..................58,000

Cr. Common Stock.........................33,300

Cr. Additional Paid In capital........24,700

Being issuance of 3,700 shares of common stock at par value of $9 per share, with premium; for attorney fees

(e) The stock had a par value of $9 per share and was issued for land worth $58,000.

JOURNAL ENTRY

Dr. Service fees..................58,000

Cr. Common Stock.........................33,300

Cr. Additional Paid In capital........24,700

Being issuance of 3,700 shares of common stock at par value of $9 per share, with premium; for acquisition of land.

7 0

3 years ago

Market Corporation owns 100% of Subsidiary Corporation's stock. Market Corporation completely liquidates Subsidiary Corporation,

kykrilka [37]

Answer:

b. $400,000

Explanation:

According to the historical cost principle, the land or fixed assets should be reported in the financial statement with the purchase price or historical price.

In the given situation, the land receiving value is $400,000 and its fair market value or FMV is $500,000 and exchange value is $300,000

So, here the land should be recorded at $400,000. Hence, we ignored the fair market value and the exchanged value

6 0

3 years ago

Is heronation valid will i make money from them

mars1129 [50]

I would definitely be weary. If you can't answer if they're valid on your own, it's probably not!

5 0

3 years ago

7.A shop makes all its sales for cash.

Elis [28]

Answer:

A.) CASH BOOK

Explanation:

7 0

2 years ago