Answer:
B - happiness
Explanation:
cause it's not a must for a person to be happy
Answer:
$300
Explanation:
When insurance is paid in advance, the entries required are
Debit Prepaid Insurance
Credit Cash account
As time elapses and the insurance expires,
Debit Insurance expense
Credit Prepaid Insurance
Amount of insurance expense as at 31 December (6 months between 1 July and 31 December)
= 6/12 * $600
= $300
The insurance expense on the annual income statement for the first year ended December 31 is $300.
Answer:
$127,700
Explanation:
Bramble Corp stockholders’ equity section of the balance sheet
Stockholders’ equity
Paid-in Capital
Capital Stock
Common Stock 59,950
Additional Paid-in Stock
Paid-in Capital in Excess of Par Common Stock 33,400
Total paid in Capital 93,350
Retained Earnings 47,000
Total paid in Capital and Retained Earnings 140,350
(93,350+47,000)
LessTreasury Stock 12,650
Total Stockholders’ equity 127,700
(140,350-12,650)
Answer:
$2,600
Explanation:
We will have to focus on the annual result and the dividends that were paid because these dividends decreases the retained earnings. There is no impact of can flow while insurance of stock falls withing result for the year.
In 2016, income was $1,200 minus dividends allocated $200
= $1,200 - $200
Retained earnings= $1,000
2017 result of ($500) without dividend distribution;
Retained earnings = ($500)
2018, result of $2,300 and distribution dividends of $200
= $2,300 - $200
Retained earnings= $2,100
Total retained earnings =$1,000 + (500) + $2,100
= $2,600
A liability (such as salaries payable) will be increased. Expenses are increased. Net income is reduced.
<h3>What is liability?</h3>
What a person or business owes is known as a liability, and the amount owed is typically monetary. The transmission of economic rewards, such as money, products, or services, settles liabilities over time. Having to pay anything to someone else under the law is known as having a liability. To pay for a business's continuous operations, liabilities are incurred. Accounts payable, accumulated costs, owed wages, and owed taxes are a few examples of liabilities.
What your business has that has the potential to generate future financial benefits are its assets.
What you owe other people is your liability. To put it simply, assets increase your financial security while liabilities decrease it.
Obligations aren't always a terrible thing. Some loans are taken out to buy new equipment, such as machinery or automobiles, which aids small businesses in running and expanding.
To learn more about liability visit:
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