The event should be presented in the financial statements as follows:
1. The assets side of the balance sheet will be reduced by 75%, with its accompanying accumulated depreciation.
2. The bonded liability on the balance sheet is eliminated by the relevant amount.
3. The journal entry should debit the Bonded Liability and accumulated depreciation, while the assets worth 75% are credited.
4. If the bonded indebtedness is more than 75% of the assets, the company records a profit on disposal on the income statement. Otherwise, it records a loss. If they are equal, there is no profit or loss.
Thus, the difference between the debit and credit entries constitutes either profit or loss on disposal.
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Answer: The guidance counselor
Explanation:
Social worker is someone who helps people cope with the challenges tahtnthwy face in their lives. Social workers work with people who have addiction issues, people with disabilities, children etc.
A paraprofessional refers to someone who's specially trained to support students in school. Such oeeosn can be a teaching assistant, special education paraprofessional etc.
A registrar is the keeper of records in an educational institution whinis charged with the responsibility of registering students, and keeping their academic records.
The guidance counselor is a professional who provides career, academic, and social-emotional competencies to the students in a schoool through counseling. Such person is the faculty member smtaht you should talk to about enrolling in an AP.
course?
There are two different options I would give her:
1) You can use your credit card now if you know that within the 30 days of purchasing the T.V. (or how ever many days until interest accrues if sooner) you will have enough money to properly pay your card off so that you aren't charged interest. Once you add interest, the T.V. becomes a much larger expense overtime due to paying the interest. Also, if it's a card that you get cash back for, you can 'make money' essential on your purchase because you'll get cash back.
2) Wait for the raise, what if the raise doesn't happen? What if something unexpected happens and you've used all your funds for a T.V. that isn't a necessity. There are so many reason to wait and pay cash for something. In this situation I probably wouldn't use all of my appropriated emergency funds for a T.V. and save the extra money from the raise.
