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oksano4ka [1.4K]
3 years ago
11

Consider the following information:

Business
1 answer:
Jobisdone [24]3 years ago
6 0

Answer:

The total for assets, liabilities, and equity are:

b) Total Assets: $26,000

Total Liabilities: $17,000

Total Equity: $9,000

Explanation:

a) Data and Calculations:

Accounts Payable: $4,000

Notes Payable: $10,000

Salaries payable: $1,000

Revenues: $5,000

Accounts Receivable: $5,000

Utilities Expense: $2,000

Cash: $5,000

Office Supplies: $1,000

Equipment: $20,000

Accumulated Depreciation Equipment: $5,000

Unearned Revenue: $2,000

Equity: $22,000

Salaries Expense: $1,000

Total assets:

Accounts Receivable: $5,000

Cash:                           $5,000

Office Supplies:           $1,000

Equipment:               $20,000

Accumulated Depreciation

Equipment:              ($5,000)

Total assets =         $26,000

Total liabilities:

Accounts Payable:     $4,000

Notes Payable:         $10,000

Salaries payable:        $1,000

Unearned Revenue: $2,000

Total liabilities          $17,000

Total Equity:

Total assets $26,000

Total liabilities 17,000

Total equity    $9,000

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When a business cycle enters a trough of a recession or depression, the federal government can use _______ and ________ to offse
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These two can be explained as follows :-

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2. Whereas in fiscal policy federal govt. use tax collection and expenditure control for coping with depression or recession.

7 0
3 years ago
The following are nine technical accounting terms introduced or emphasized in this chapter. Responsibility margin Transfer price
Ostrovityanka [42]

Answer: Please refer to Explanation

Explanation:

The terms will be listed in bold at the end of the statement. If you require further clarification please do comment.

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5 0
3 years ago
During the current period, Roberts recognized interest expense of $9,400 and paid interest of $9,000 related to its discounted b
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Answer:

amortization on discount on BP 400

Explanation:

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When the proceeds are above, there will be a premium and the interest expense will be lower thant the actual cash outlay on the bond.

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A plan for a career starting in two years:
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Explanation:

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In this statement, which type of spending is President
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<u>Answer: </u>Option 2 discretionary

<u>Explanation:</u>

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In this speech Obama speaks about the non essential expenses when they are controlled more investments can be made. He says when all the departments cut down their discretionary expenses then can result in economic growth.

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3 years ago
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