Answer:
See below
Explanation:
10000-1000=9000 to be depreciated
9000/5=1800 annual depreciation
journal entry:
depreciation expense. 1800 (debit)
Accumulated depreciation. 1800 (credit)
to record annual depreciation
Answer:
A
Explanation:
Allow the minor to cancel the contract
Answer:
(B) A noncurrent liability of $4,000
Explanation:
The non-current liability in respect of deferred tax shall be recognised in the accounts of Bren Co. as at December 31 as follows:
Deferred income tax liability related to non-current assets= $15,000
Deferred income tax asset related to non-current liability = ($3,000)
Deferred income tax asset related to current liability = ($8,000)
Deferred income tax liability to be recorded at year end = $4,000
So based on the above discussion the answer is (B) A noncurrent liability of $4,000
Answer:
If the national chain suffers, so does the franchisee
Explanation:
Franchises share common problems struggle for one can lead to struggle for all.
Answer:
A.
keeps track of money that is earned and spent
Explanation:
B.
helps people make more money is incorrect, because a budget is not always a good thing- I can budget 7 million dollars for a new house, but that doesn't necessarily change the fact I won't be able to pay it off ever.
C.
moves money from a checking account to a savings account-
this is not always the case, and a budget itself won't move the money, but this may be an aspect of a budget.
D.
helps automatically pay bills-
It helps pay bills, just not automatically.
Therefore, by the process of elimination, the answer is A.
