Answer:
The correct answer is:
a) Unrecorded deposits
: bank addition
b) Interest on cash balance
: book addition
c) Bank service charges
: book subtraction
d) Debit memos
: book subtraction
e) Outstanding Checks
: bank subraction
f) Credit memos
: book addition
g) NSF checks
: book subtraction
Do unrecorded deposits require an adjusting journal entry? No
Does interest on cash balance require an adjusting journal entry? Yes
Do bank service charges require an adjusting journal entry? Yes
Do debit memos require an adjusting journal entry? Yes
Do outstanding checks require an adjusting journal entry? No
Do credit memos require an adjusting journal entry? Yes
Do NSF checks require an adjusting journal entry? Yes
Answer:
Option D
Explanation:
In simple words, Cognitive dissonance refers to the practical contact of mental stress that arises whenever an individual holds two or more contradictory beliefs, ideas, values or takes part in a behavior contrary to some of these three.
As per this concept, when two acts or thoughts do not coincide mentally with each other, individuals will do everything they can to alter these until they become compatible.
Thus, from the above we can conclude that the correct option is D .
Answer:
a. net worth
Explanation:
For this question, we applied the accounting equation which equals to
Total assets = Total liabilities + stockholder equity
Since the question said that
Total assets - total liabilities = ?
So, by use the above accounting equation
The Total assets - total liabilities = Net worth
Hence, the most appropriate option is a.
Answer:
Technology; recording; book keeping
Explanation:
If the organization comes with the latest technology or modern technology, so it reduces the time, cost, effort, of record keeping and at the same time it also improves the accuracy of the transactions
The recording of the business transactions are recorded in the journal by input, measures the transactions and events
And, while recording the business transactions and events manually or electronically is known as book keeping
Answer:
The proper cash flow amount to use as the initial investment in fixed assets when evaluating this project will be $32,280,000.
Explanation:
Proper year zero cash flow to use in evaluating this project = After-tax value of the land + Cost of manufacturing new plant + Grading Expenses
= $10,100,000 + $21,300,000 + $880,000
= $32,280,000
Therefore, The proper cash flow amount to use as the initial investment in fixed assets when evaluating this project will be $32,280,000.
NOTE
:
- The after-tax value of the land of $10,100,000 should be considered since it is an opportunity cost of capital if the land is used rather than sold.
- The cash outlay of $21,300,000 for the plant cost and the $880,000 for the grading costs are the part of the initial investment in year 0.
