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Assoli18 [71]
3 years ago
6

Identify the type of adjustment that would most likely be needed. Business B purchased a piece of equipment to be used in operat

ions for $5,000 during the middle of October. Today is December 31st, the end of the 4th quarter and financial reports are being produced. g
Business
1 answer:
Deffense [45]3 years ago
7 0

Answer:  c . Depreciation

Explanation:

When accounting for fixed assets, it is important that they are recorded at their book value to reflect the effects of being utilized. This means that depreciation needs to be charged on fixed assets.

Even though the equipment in question was only purchased 2.5 months prior to the financial reports being made, depreciation still needs to be accounted for such that the equipment is represented at its book value in the financial statement.

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in the case three ways how social pressure could be regarded as a stressor for young people and their family relationships​
kodGreya [7K]
Social pressure reduces self confidence
Social pressure leads to overthinking of something
Social pressure leads to discouragement.
7 0
3 years ago
A firm purchased a three-year insurance policy for $5,760 on July 1, 2019. The $5,760 was debited to the Prepaid Insurance 2. On
Andrej [43]

Answer:

The journal entries are as follows:

(i) Insurance expense A/c Dr. $160

        To prepaid insurance             $160

(To record the insurance expense)

Workings:

Insurance expense = cost of insurance policy ÷ 36 months

                                = $5,760 ÷ 36 months

                                = $160

(ii) Advertising expense A/c Dr. $1,160

           To prepaid advertising             $1,160

(To record the advertising expense)

Workings:

Advertising expense = cost of advertisement ÷ 24 months

                                   = $27,840 ÷ 24 months

                                   = $1,160

4 0
3 years ago
Kosakowski Corporation processes sugar beets in batches. A batch of sugar beets costs $91 to buy from farmers and $17 to crush i
jekas [21]

Answer:

$29

Explanation:

The computation of the more profit or loss via processing one batch of sugar to the end products is shown below:

= Total sale in the case when it is processed further - processing cost

where,

Total sale in the case when it is processed further is

= $86 + $134

= $220

And, the processing cost is

= $91 + $17 + $38 + $45

= $191

So, the profit is

= $220 - $191

= $29

5 0
3 years ago
In 2005 the price index was calculated at 115.3 with 2000 as the base year. In 2006 the price index increased to 119.5. What was
mario62 [17]
The answer is the inflation from 2005 to 2006 has changed by [3.6%]
5 0
3 years ago
A representative gives a seminar to investors, making a presentation about successful hedge fund strategies. It is attended by 3
exis [7]

Answer:

C. a retail communication

Explanation:

FINRA is a non governement corporation that enable investor or firm to participate in the market by safeguarding their rights. It has been divided into two category:

  • correspondence
  • retail communication.

Correspondence: It is a communication to 25 or less existing client or prospective clients. Under correspondence, Institutional communication and public appearances are not subject to pre principal approval.

Retail communication: It is communication to more than 25 existing client or prospective client, excluding institutional communication and public appearance.

In the given case, It is a communication to 30 retail clients, therefore is a retail communication

5 0
4 years ago
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