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Ksju [112]
3 years ago
11

The journal entry a company uses to record accrued vacation privileges for its employees at the end of the year is:________.

Business
1 answer:
Lilit [14]3 years ago
6 0

Answer:

C. debit Vacation Pay Expense; credit Vacation Pay Payable

Explanation:

In as much as the name implies, debit vacation pay expense of the said worker is moved to his/her credit vacation pay payable. And cases like this comes up when the said worker is about to go on a vacation. This vacation pay expense is been considered a liability because it causes depreciation in equity.

Therefore accrued vacation privileges of an employer are times in which a worker has to go on a free working period that in some cases can be a vacation which deals with a debit Vacation Pay Expense; credit Vacation Pay Payable by the end of the year.

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______ are used to accumulate and report the effects of each different business activity separately rather than combining the va
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The accounting item that is used to perform the activity of accumulating and reporting transactional effects is <u>Accounts</u>.

<h3>What is an Account?</h3>
  • This is record that allows for the recording of business activities.
  • Is shown in ledger books depending on which general activity it relates to.

Accounts allow us to accumulate information related to a business transaction in such a way that all information related to that transaction are located in the same place.

In conclusion, this is an account.

Find out more on accounts at brainly.com/question/24702831.

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2 years ago
Write two to three paragraphs that identify a realistic scenario that poses both fallacious and valid arguments. Analyze and exp
True [87]

In Philosophy, logic seems to be prominently used as means to finding reason in someone's claim. This describes which statements are considered valid or fallacious. This being said, valid statements carry logic whereas the other does not. We appreciate your questions. Please, never hesitate to ask more in Brainly your queries. 
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3 years ago
Read 2 more answers
Venzuela Company’s net income for 2020 is $50,000. The only potentially dilutive securities outstanding were 1,000 options issue
jarptica [38.1K]

Answer:

Answer explained below

Explanation:

GIVEN:

options issued = 1000

exercise per share = $6

market price = $20

net income = $50000

a) Diluted earnings per share

= (Total income - preference dividends) /( outstanding shares + diluted shares)

Amount paid towards shares = Options issued * Exercise price per share = 1,000 * 6 = $ 6,000

Value of options = Amount paid towards shares / Current market price = $ 6,000 /$ 20 = 300

Diluted shares = Options issued - value of options = 1000 - 300 = 700

So Diluted Earnings per share = ( 50,000) / ( 10,000 +700) = $ 4.67 per share.

b) Calculation of diluted shares 700 (same as above )

Weighted average for the period holding i.e, 3 months = 700 *3/12 = 175 shares increased during the period.

Diluted EPS = 50,000 /(10,000 +175) = $ 4.91 per share

5 0
3 years ago
The CEO of Jaquar Consultancy Corp. informs Amy's supervisor that she has performed extremely well in her last project. Amy's su
Gekata [30.6K]

Answer: Internal marketing

Explanation:

Jaquar Consultancy Corp. operates by implementing internal marketing. Internal marketing is when the objectives, and products of a company are promoted within the particular company.

The purpose of Internal marketing is to increase workers engagement with the goals and objectives of f the company and help foster its brand. The needs of the workers are satisfied in order to attain company's goals.

6 0
3 years ago
Weyerhaeuser Incorporated has a balance sheet that lists $108 million in assets, $62 million in liabilities, and $46 million in
Lorico [155]

Answer:

$46/ share

Explanation:

The book value per share is calculated by dividing the common shareholders equity by the number of outstanding shares. In the given case Weyerhaeuser Incorporated has 1 million shares outstanding and the common shareholders equity worth's $46 million. The book value per share is

$46 million common shareholder equity / 1 million outstanding shares

= $46 per share.

5 0
3 years ago
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