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goldenfox [79]
2 years ago
9

Use the adjusted trial balance for Stockton Company to answer the question that follows.

Business
1 answer:
Reil [10]2 years ago
7 0

Answer:

c. $22,058.

Explanation:

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When can interest be included in the acquisition cost of a plant asset?
hammer [34]

Answer:

a. during the the construction period of a self-constructed asset

Explanation:

"Determining the cost of constructing a new building is often more difficult. Usually this cost includes architect’s fees; building permits; payments to contractors; and the cost of digging the foundation. Also included are labor and materials to build the building; salaries of officers supervising the construction; and insurance, taxes, and interest during the construction period."

Reference: Porter, Debbie, and Tidewater Community College. “Principles of Accounting I.” Lumen, 2019,

7 0
3 years ago
Dan has been directed to study the actors close to a company that affect its ability to serve its customers, such as the company
BlackZzzverrR [31]

Answer:

<u>B) microenvironment</u>

Explanation:

  • All these factors like the clients, customers, suppliers, marketing intermediate notes, customer markets, and competitors and the public, in general, all come under the microenvironment of the company which surrounds it.
  • The macro-environment is composed of all the external political, social, technological, economical, and demographical ones.
6 0
3 years ago
Read 2 more answers
On March 1, it was discovered that the following errors took place in journalizing and posting transactions:
kaheart [24]

Answer:

a. Reversal entry:

Debit Rent expense $4,650

Credit Miscellaneous Expense $4,650

Correct Entry:

Debit Rent expense $4,650

Credit Cash $4,650

b. Reversal entry:

Debit Accounts payable $3,700

Credit Cash $3,700

Correct Entry

Debit Cash $3,700

Credit Accounts Receivable $3,700

Explanation:

Reverse entry is to simply close to zero the original entry that has been made in mistake. Afterwards, record the correct entry to properly account the transaction.

To reverse the previously made entry, we simply debit what is credited and debit what is credited.

a. We need to close the rent expense credited by debiting it and credit the miscellaneous expense that is previously debited to zereod out the mistake recording. Then to record the correct entry, Debit Rent expense and Credit Cash at the amount $4,650

b. Just ike what we did on the previous transaction, we will debit the Accounts payable and credit the cash that has been recorded by mistake to zereod out the balance and then make the correct entry. Debit Cash $3,700 and credit Accounts receivable $3,700.

5 0
3 years ago
Cedric has been following a detailed review schedule in preparation for his test. He feels confident that he knows the material,
rewona [7]

Answer: Noting down of ideas

Explanation: Cedric could note down the ideas and points he remembers on the back of his test booklet. He should first read the question and  make short notes of every point he remembers regarding that question.

This strategy will help Cedric to answer the questions while doing the final writing in answer sheet. By doing this he can also improve his speed with accuracy while answering.

5 0
3 years ago
Western National Bank is considering opening a drive-through window for customer service. Management estimates that customers wi
Nimfa-mama [501]

Answer:

Explanation:

find the answer below

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3 years ago
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