Answer:
Indicating how each receivable is reported on the balance sheet:
(a) Advanced $10,000 to an employee = Other Receivable
(b) Received a promissory note of $34,000 for services performed = Notes Receivable
(c) Sold merchandise on account for $60,000 to a customer = Accounts Receivable
Explanation:
The advance to an employee is reported as Other Receivable, while the credit sale to a customer is reported as an Accounts Receivable. Finally, the promissory note received from a client for services rendered on credit is reported as Notes Receivable. This classification of receivables shows the true nature of the underlying transactions.
Answer:
Explanation:
The journal entry is shown below:
Land A/c Dr
To Cash A/c
To Note payable A/c $250,000
(Being the purchase of the land is recorded)
The computation is shown below:
The cash would be
= Cash paid + delinquent property tax paid + title insurance cost + emove an unwanted building cost
= $110,000 + $1,100 + $1,550 + $5,900
= $118,550
Answer:
False.
Explanation:
A lawsuit can be defined as a dispute or claim brought by an individual or group of people (party) against another to a court of competent jurisdiction for the singular purpose of adjudication.
A class action is filed by a group of people in the interest of a larger population.
If a class-action suit deals with equal pay or gender discrimination, it can be filed against an employer.
Answer:
awh good bye hope this bye changes your life with full of happiness and joyness.
May God bless you :)❤
Answer: Maryann needs to develop a strong change management plan in order for this process to be accepted
Explanation: Change management involves all the processes in transitioning from a known system to a desired future system in an organisation.
Since Maryann is looking to implement a new release of information (ROI) tracking system, a change management plan is the best tool to develop.
