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3 years ago

Which type of adjusting entry is used to record a payment a company has not yet made for a service it received?

Business

1 answer:

givi [52]3 years ago

5 0

Answer:

C. Accrued expense

Explanation:

Because the expense has already been incurred, but not yet paid, it is an accrued expense.

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"you should never buy precooked frozen foods because the price you pay includes the labor costs of preparing food." is this conc

dimulka [17.4K]

<span>For precooked frozen foods, you will always pay for the cost of packaging and the cost to get the chicken, or labor. This conclusion is always valid if you choose to buy the precooked food from the grocery store, where prices will be marked up for profit, as well.</span>

5 0

3 years ago

Pacifica Manufacturing retired a computerized metal stamping machine on December 31, 2011. Pacifica sold the machine to another

eduard

Answer:

Depreciation expense $95,000

To Accumulated depreciation $95,000

(Being the depreciation expense is recorded)

Explanation:

The journal entry is shown below:

Depreciation expense $95,000

To Accumulated depreciation $95,000

(Being the depreciation expense is recorded)

The computation is shown below:

= (Cost installed - Residual value) ÷ Useful life

= ($920,000 - $160,000) ÷ 8

= $95,000

For recording this journal entry we debited the depreciation expense as it is increased the expenses while at the same time it decreased the value of the fixed assets so the accumulated depreciation is credited

6 0

3 years ago

Sara conducted a study in her sixth grade classroom. The study focused on students' interests in science classes. Sara shared wh

AnnyKZ [126]

Answer:

Explanation:

When we do research, it is important to keep confidentiality regarding the personal data from the persons we interview. In other words, we are not supposed to tell other people "who said what" or to publish our results with the names of the people (if we're publishing a paper).

In this case, Sara conducted a study in her sixth grade classroom about interests in science classes, later she shared what individual students said with the seventh-grade teachers. Therefore, she shared confidential information when she told the teacher what individual students said. Therefore, Sara wasn't sharing this information in accordance with ethical research practices.

7 0

3 years ago

On August 2, 2018, Wendy purchased a new office building for $3,800,000. On October 1, 2018, she began to rent out office space

Arturiano [62]

Answer:

a. Mild Month MACRS convention applies to the new office building

b. The life of the asset under MACRS is 39 years

c. The cost recovery deduction for 2018 is $20,330

The cost recovery deduction for 2022 is $52,776

Explanation:

a. According to the given data Mild Month MACRS convention is applicable here because real property is placed in service in the middle of the month in which acquired.

b. The life of the asset under MACRS is 39 years

c. cost recovery deduction for 2018= $3,800,000*0.535%

cost recovery deduction for 2018=$20,330

cost recovery deduction for 2022= $3,800,000*2.564%

cost recovery deduction for 2022= $52,776

4 0

4 years ago

_____ is a stage of vertical integration that occurs when a company transforms a product from one stage to the next so that it h

postnew [5]

Answer:

Forward integration

Explanation:

The stage of vertical integration that occurs when a company transforms a product from one stage to the next so that it has more worth to the next company at the next stage in the chain is called the forward integration, a company transforms a product from one stage to the next so that it has more worth to the next company at the next stage in the chain by merging with business entities that were its customers while still maintaining control over its initial business. the major components of supply chain include raw materials, intermediate goods, manufacturing, marketing and sales, and after-sales service, Examples include iron mining companies that own "downstream" activities such as steel factories. The forward integration of this company will sustain profit of the company while minimizing loss of profits to the intermediate entities.

4 0

4 years ago