The stock market declined and it started the great depression
Answer:
Straight Line Depreciation Expense $ 11,480
Explanation:
Given
Cost= $ 63,000
Salvage Value = $ 5,600
Life in years = 6
Calculations
Straight Line Depreciation Expense= Cost - Salvage Value/ Useful life in years
Straight Line Depreciation Expense = $ 63,000- 5,600/5
= $ 57,400/5= $ 11,480
Depreciation Expense for 1 month = $ 11480/12= $ 956.67
Adjustment at the end of the 1st month
Depreciation Expense $ 956.67 Dr
Accumulated Depreciation $ 956.67 Cr.
Answer:
D) $50,000.
Explanation:
Economic performance requires that the company provided services or products to another party (i.e. a customer).
The all-events test states that all the events that caused the liability actually occurred during the accounting period and that occurrence can be accurately established. During 2017, the company could only accurately establish that $50,000 of the claims were real.
Answer:
bias is leaning toward a certain perspective for certain reasons other than logic like your own opinion. for example, a news reporter could report negatively about something because he/she is against it even tho it benefits the majority
Answer: C) A successful firm of expert consultants seeks to increase its volume of business by reducing its fees, but its volume of business drops.
Explanation:
Mr. Fringe says that the more expensive a consultant is, the more they can be blamed. This means that the kor expensive a consultant is, the more they will be sought after in order for the company to blame them.
When a successful firm of consultant reduced their prices and became cheaper, less people wanted to hire them. This therefore supports the logic of Mr. Fringe as a lower cost led to the consultants being less sought after.
