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kati45 [8]
3 years ago
8

List all the source documents in accounting

Business
1 answer:
devlian [24]3 years ago
7 0

Answer:

Canceled checks.

Invoices.

Cash register receipts.

Computer-generated receipts.

Credit memo for a customer refund.

Employee time cards.

Deposit slips.

Purchase orders

Explanation:

That is all i think

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Sam is a retiree with considerable resources, so he doesn't really spend much time on purchase decisions. His belief is that the
Luba_88 [7]

Answer: completing the last sentence in question:

Sam uses price as a surrogate indicator of quality.

Explanation: From the question, Sam when making purchases, has a believe that the costlier goods posses more quality than other cheaper goods. Therefore he is indirectly taking price as a key indicator of quality or a replacement for quality.

4 0
3 years ago
If a market is in equilibrium loading...​, is it necessarily true that all potential buyers and sellers are satisfied with the m
jeyben [28]

Answer:

The correct answer is: No.

Explanation:

Market equilibrium is a state of balance in supply and demand. In a graph, equilibrium takes place when the supply and demand curves intersect. At this point, consumers are getting the number of goods they want, suppliers are selling their goods and prices become stable. It does not necessarily mean that the buyers and sellers are <em>satisfied </em>with the price, but they are getting the number of goods they want at a reasonable price the sellers can offer them.

3 0
2 years ago
According to the rational choice theory, an individual is likely to commit a crime when he or she:
Korolek [52]

Answer:

d.

perceives the benefits of committing the crime to be greater than the potential costs.

Explanation:

Rational choice theory states that an individual makes rational calculations when making a decision. A rational decision maker chooses the option that best maximises personal benefits over costs.

I hope my answer helps you

5 0
2 years ago
A trader buys two July futures contracts on frozen orange juice. Each contract is for the delivery of 15,000 pounds.The current
Lady_Fox [76]

Answer:

1.10 dollars or 110 cents

Explanation:

We have a fall in the balance margin by contract.

We calculate the change as:

-1,500 =[ future price - (1.20)]*15000

We got 1.20 by dividing 120 by 10.

-1500 = [future price - (1.20)]*15000

Divide through by 15000

-1500/15000 = future price - 1.20

-0.10 = future price -1.20

Collect like terms

-0.10+1.20 = future price

1.10 = future price

Therefore the margin is $1.10 or 110 cents

5 0
2 years ago
Branson paid $566,700 cash for all of the outstanding common stock of Wolfpack, Inc., on January 1, 2017. On that date, the subs
ra1l [238]

Answer:

a.

Dr Investment in Wolfpack, Inc. 618,500

Cr Contingent performance obligation 51,800

Cr Cash 566,700

b.

12/31/17

Dr Loss from increase in contingent performance obligation 7,400

Cr Contingent performance obligation 7,400

12/31/17

Dr Loss from increase in contingent performance obligation 200

Cr Contingent performance obligation 200

12/31/18

Dr Contingent performance obligation 59,000

Cr Cash 59,000

c.

Equity Method

Dr Common stock- Wolfpack 200,000

Dr Retained earnings-Wolfpack 274,000

Cr Investment in Wolfpack 474,000

Dr Royalty agreements 122,400

Dr Goodwill 71,500

Cr Investment in Wolfpack 193,900

Dr Equity earnings of Wolfpack 74,400

Cr Investment in Wolfpack 74,400

Dr Investment in Wolfpack 25,000

Cr Dividends paid 25,000

Dr Amortization expense 13,600

Cr Royalty agreements 13,600

d.

Initial Value Method

Dr Investment in Wolfpack 59,400

Cr Retained earnings-Branson 59,400

Dr Common stock- Wolfpack 200,000

Dr Retained earnings-Wolfpack 284,000

Cr Investment in Wolfpack 484,000

Dr Royalty agreements 122,400

Dr Goodwill 71,500

Cr Investment in Wolfpack 193,900

Dr Dividend income 25,000

Cr Dividends paid 25,000

Dr Amortization expense 13,600

Cr Royalty agreements 13,600

Explanation:

a. Preparation of the Journal entry to record the acquisition of the shares of its Wolfpack subsidiary

Dr Investment in Wolfpack, Inc. 618,500

Cr Contingent performance obligation 51,800

Cr Cash 566,700

(566,700+51,800)

b. Preparation of the Journal entries at the end of 2017 and 2018 and the December 31, 2018, payment.

12/31/17

Dr Loss from increase in contingent performance obligation 7,400

(59,200 - 51,800)

Cr Contingent performance obligation 7,400

12/31/17

Dr Loss from increase in contingent performance obligation 200

(59,000 - 59,200)

Cr Contingent performance obligation 200

12/31/18

Dr Contingent performance obligation 59,000

Cr Cash 59,000

c. Preparation of consolidation worksheet journal entries as of December 31, 2018

Equity Method

Dr Common stock- Wolfpack 200,000

Dr Retained earnings-Wolfpack 274,000

(211,000+ (78,000 - 15,000)

Cr Investment in Wolfpack 474,000 (274,000+200,000)

Dr Royalty agreements 122,400

(136,000 - 13,600)

(136,000/10 years=13,600)

Dr Goodwill 71,500

( 618,500- 411,000 - 136,000)

Cr Investment in Wolfpack 193,900

(122,400+71,500)

Dr Equity earnings of Wolfpack 74,400

(88,000 - 13,600)

Cr Investment in Wolfpack 74,400

Dr Investment in Wolfpack 25,000

Cr Dividends paid 25,000

Dr Amortization expense 13,600

(136,000/10 years)

Cr Royalty agreements 13,600

d. Preparation of consolidation worksheet journal entries as of December 31, 2018,

Initial Value Method

Dr Investment in Wolfpack 59,400

(88,000-15,000-13,600)

Cr Retained earnings-Branson 59,400

Dr Common stock- Wolfpack 200,000

Dr Retained earnings-Wolfpack 284,000

(211,000+ (88,000 - 15,000)

Cr Investment in Wolfpack 484,000

(284,000+200,000)

Dr Royalty agreements 122,400

(136,000 - 13,600)

Dr Goodwill 71,500

( 618,500 - 411,000 - 136,000)

Cr Investment in Wolfpack 193,900

Dr Dividend income 25,000

Cr Dividends paid 25,000

Dr Amortization expense 13,600

Cr Royalty agreements 13,600

6 0
3 years ago
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