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3 years ago

a company recorded an event that had no affect on total assets, net income, or cash flow. this could have been caused by ______.

Business

1 answer:

NemiM [27]3 years ago

3 0

This action could have been caused by writing off an uncollectible account.

A write-off can be described as the removal of an accounts receivable that cannot be collected which was put in the general ledger.

If an account is uncollectible, then it means that the amount that would not be collected would be eliminated. It also means that a previous allowance balance is going to get reduced.

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Explanation:

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The law of demand is based on the observation that:________.

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Answer:

Explanation:

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3 years ago

Read 2 more answers

The following information shows Carperk Company's individual investments in securities during its current year, along with the D

melamori03 [73]

Answer:

a. See the table below.

b. Debit Fair value adjustment - Available-for-sale for $47,981; and Credi Unrealized gain - Debt for $47,981.

Explanation:

1. Identify whether each investment should be classified as a short-term or long-term investment. For each investment, indicate in which of the six investment classifications it should be placed.

This can be done as follows:

No. Types of investment Classification of investment

a. Long-term investment Debt investment held to maturity

b. Long-term investment Equity method investments 20%-50%

c. Long-term investment Available for sale dbt securities

d, Long-term investment Available for sale dbt securities

e. Short-term investment Stock investment <20%

2. Prepare a journal entry dated December 31 to record the fair value adjustment for the portfolio of available-for-sale debt securities. Carperk had no available-for-sale debt securities prior to this year.

The journal entries will look as follows:

General Journal Debit ($) Credit ($)

Fair value adjustment - Available-for-sale 47,981

Unrealized gain - Debt (w.1) 47,981

(To record the fair value adjustment for the portfolio of available-for-sale debt securities).

Workings (w.1):

No Fair Value ($) Cost ($) Gain (loss) ($)

A B C = A - B

a. 453,116 416,850 36,266

c. 184,240 170,909 13,331

d. 93,426 95,042 (1,616)

Total  730,782   682,801   47,981 

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3 years ago

A firm will find it profitable to hire workers up to the point at which their rev: 06_21_2018 Multiple Choice marginal resource

Nataliya [291]

Answer:

marginal resource cost is equal to their MRP

Explanation:

A business's profit will maximize when its marginal resource cost equals its marginal revenue product.

Marginal revenue product calculated by multiplying the marginal physical product (MPP) times the marginal revenue (MR), e.g. an additional worker can produce 10 units and each unit costs $10, MRP = 10 x $10 = $100

Marginal resource cost is the cost of using an additional unit of input, e.g. cost of hiring an additional worker.

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dimaraw [331]

You can buy at a low price for a stock and sell it for a higher price.

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