Lexington company borrows $10,000 from a bank by signing a promissory note. Increased assets and increased liabilities are the effects of this transaction on the accounting equation.
A company is a legal entity or legal entity established under the Companies Act. It may be a limited or unlimited company, a private or public company, a limited liability company or company with share capital, or a company of common interest. A legal entity is a type of legal entity structure that is a separate legal entity from its owner. This is a complex business structure, with additional reporting requirements and invalid legal obligations making it expensive to set up and manage.
A corporation is a legal entity distinct from its owners, managers, operators, employees, and agents. Legal entities have the same powers as individuals, including the right to own and dispose of property, the power to sue and be sued, and the power to contract for a profit. A business example is an agriculture. An example transaction is the sale of a home.
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About 140 million. Hope it helped!
Answer: Non- price promotion
Explanation: In a non- price promotion, the company offering the product in the market focus on enhancing the quality of product by better service or design etc. rather than lowering the prices of the product.
The objective under this strategy is to capture the market and make a strong customer base.
Thus, we can conclude that the right answer is non price competition.
Answer:
Debit : Rent Expense $1,660
Credit : Prepaid Rent $1,660
Explanation:
The January 31 adjusting entry for rent expense would include a Debit to Rent Expense and Credit to Prepaid Rent - Asset Account at an amount of $1,660.
Calculation :
Rent Expense = 1/12 x $19,920 = $1,660
Answer:
I do not have time to answer this question, but you could answer this question on a calculator and find out the order and if its multiplying, subtracting, dividing or adding.
Explanation:
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