Answer: it is ethical if the restaurant is to be opened outside the community.
Explanation:
Answer:
d. $920 increase liabilities, increase expenses
Explanation:
The journal entry is given below:
On March 31
Interest Expense Dr. $920 ($92,000 × 4% × 3 ÷ 12)
To Interest Payable $920
(being interest expense is recorded)
Here interest expense is debited as it increased the expense and credited the liabilities as it also increased the liabilities
Therefore the option d is correct
Financial accounting, an asset is any resource owned by a business or an economic entity. It is anything that can be owned or controlled to produce value and that is held by an economic entity and that could produce positive economic value.
I hope this helps
Modified rebuy
A company buyer is involved in a modified rebuy situation when they choose to alter parameters, such as quality or choices, for previously purchased goods.
MODIFIED REBUY - It is a purchasing scenario in which a person or business purchases items that have already been acquired, but modifies either the supplier or another aspect of the prior order. when a business is able to save a ton of time thanks to modified rebuy, businesses keep lists of supplies and goods that can be repurchased from the same source or another supplier from a pre-approved list who has already been on board and is familiar with the requirements. This modification indicates adjustments made to the supplier's or the client's needs.
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Answer: Barbara should have left a note for the other driver and Barbara’s action is an example of a hit and run.
Explanation:
Hit and run occurs when there's a traffic collision with another car or human being and the person who caused the collision doesn't stop and therefore doesn't provide necessary information details which are required by law to the other person affected.
With regards to the scenario discussed in the question, Barbara should have left a note for the other driver and Barbara’s action is an example of a hit and run.
She should have left a note which will consist of details of how she can be reached in case there's further damage on the car.
