B how much time on a stage does a a student spend waiting in line
Answer:
Salary expense A/c Dr $2,800
Salary payable A/c Dr $2,200
To Cash A/c $5,000
(Being the payment of salaries is recorded)
Explanation:
The adjusting entries for recording the accrued salary expense would be
Salary Expense $2,200
To Salary Payable $2,200
(Being accrued salaries are adjusted)
When the payment of salaries is made for $5,000, so the journal entry would be
Salary expense A/c Dr $2,800
Salary payable A/c Dr $2,200
To Cash A/c $5,000
(Being the payment of salaries is recorded)
Allocation of joint costs in proportion to the value of the output of the sales which were produced in the process during at the split-off point is a preferred approach.
<h3>What are joint costs?</h3>
Joint costs involve the benefit of more than one product, and the separation of the costs of such products is impossible as the benefits related thereto are also joint.
One of the best examples of joint costs is in a condition when a cattle-owner feeds both the flock of sheep and cattle of cows at the same time. One cannot differentiate between the separate costs allocated.
Hence, it may be said that value basis is the most appropriate method for the purpose of allocation of joint costs being incurred in the proportion as it may be.
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Answer:
Direct method
Explanation:
There are three types of activities in the cash flow statement under the direct method
1. Operating activities: It records those transactions which are related to the cash receipts and cash payments.
Like:
Cash flow from Operating activities
Collections from customers
Less: Cash paid to suppliers and employees
Less: Interest and taxes paid
Net Cash flow from Operating activities
2. Investing activities: It records those activities which include purchase and sale of the long term assets
3. Financing activities: It records those activities which affect the long term liability and shareholder equity balance.
Answer:
Trading on equity defines the increase in profit earned by the equity shareholders due to presense to financial charges.
When a company is higher the rate of interest on borrowed funds.so company should option for trading on equity.
Explanation:
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